Capital First, provider of loans to small businesses, is backed by buyout firm Warburg Pincus. Capital First is being acquired by IDFC Bank for around $1.5 billion. After getting the…
In March last year, PTI quoting finance ministry officials, reported that the government want to create 4-5 global sized lenders.
Many public sector bank chiefs have also been asked to submit memorandum of understanding (MOUs) to elaborate their strengths and weaknesses and also possible outlook on their merger options.
November 1, Arun Jaitley- headed a ministerial panel on consolidation of PSU Banks
No proposal of PSB merger under consideration: Govt
Post the merger of its five associates, State Bank of India has changed names and IFSC codes of nearly 1,300 of its branches.
There has been no successful merger so far, he said, and added that the government lacks the experience to understand this.
Merger Of Associate Banks,Loans and Advances To Staff Changes in Rate Of Interest
It is not for the first time that the idea of PSU Banks Merger has gained momentum. In 1991, M. Narasimham (former Reserve Bank of India governor) committee recommended that the actual numbers…
The finance ministry is likely to hold a meeting with top management of public sector banks on November 11 and 12 to discuss various issues, including bad loans and recapitalisation,…