STATE RUN BANKS

Finance Minister Nirmala Sitharaman said Syndicate Bank will be merged with Canara Bank, while Allahabad Bank will be amalgamated with Indian Bank.Similarly, Andhra Bank and Corporation Bank will be consolidated with Union Bank of India.In place of ...

The government today decided to set up an Alternative Mechanism to oversee the proposals for consolidation of public sector banks (PSBs) with a view to creating fewer but stronger lenders.Cabinet approves plans to merge some state-run banks

ET Now learns from top sources that Andhra Bank has likely deferred its QIP plans due to the lack of investor demand. The state-run lender was looking to lunch its book this week, with aim to raise nearly Rs 550-600 crore. The bank, however, may rev...

Union Finance Minister Piyush Goyal will meet chiefs of public sector banks on Friday to discuss merging the weak PCA banks in bigger banks. ET NOW's Ruchi Bhatia learns from her sources that FM Goyal to meet 11 state-run bank's heads to discuss mer...

The first round of capital infusion for state-run banks that was announced recently is likely to take place soon, a senior finance ministry official said. The government is likely to raise around Rs 70,000 crore by February 2018 as part of the total...

The lack of emergency on part of the government to address the non-performing assets issue in state-owned banks is a big concern and this may hurt the India story, said Christopher Wood, managing director and chief strategist at CLSA.Overweight on I...

State-run Bank of Baroda reported a massive plunge of 88.7 per cent in its net profit at Rs 124.48 crore for the September quarter, mainly hit by sharp increase in bad loans provision. Check out the video for more information.BoB Q2 profit dives 89%...