The Government has today announced its decision to merge three Banks viz. Bank of Baroda, Dena Bank and Vijaya Bank into one single Bank. This is not a surprise altogether…
The government has announced that Bank Of Baroda, Vijaya Bank and Dena Bank will be merged into a single bank which will become India’s third largest bank. Rajeev Kumar, Secretary…
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