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    12 state-run banks instead of 27 in government's mega mergers

    12 state-run banks instead of 27 in government's mega mergers

    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 fragmented lending capacity with 27 PSBs...

    Cabinet approves plans to merge some state-run banks

    Cabinet approves plans to merge some state-run banks

    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

    LIC-IDBI Bank deal finalised; may infuse Rs 13,000 crore in bank

    LIC-IDBI Bank deal finalised; may infuse Rs 13,000 crore in bank

    Life Insurance Corporation, the largest life insurer in India, has finalised a deal with IDBI Bank, which will eventually pave way for infusion of Rs 13,000 crore in the NPA-mired state-run bank, ETNow reported.LIC-IDBI Bank deal finalised; may infuse Rs 13,000 crore in bank

    Watch: Lack of investor demand defers Andhra Bank's QIP plans?

    Watch: Lack of investor demand defers Andhra Bank's QIP plans?

    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 revisit the route depending on demand for ...

    FM Goyal to meet state-run banks' heads tomorrow to discuss merger: Reports

    FM Goyal to meet state-run banks' heads tomorrow to discuss merger: Reports

    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 mergers. These 11 state-run b...

    PSB recap: Capital infusion for state-run banks likely to begin by February

    PSB recap: Capital infusion for state-run banks likely to begin by February

    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 Rs 1.35 lakh crore to be ...

    • Overweight on India, but state-run banks a worry: CLSA

      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 India, but state-run banks a worry: CLSA

      BoB Q2 profit dives 89% at Rs 124 cr

      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% at Rs 124 cr

      ONGC opposes parking funds with state-run banks

      ONGC opposes parking funds with state-run banks

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