India's banking engine is still to stabilise after RBI's drive to clean up balance sheets and the government's consolidation move even as new pockets of risk build up

The third largest lender had put Bhushan Power & Steel on sale in December 2018 but could not find a buyer

In the just concluded financial year 2018-19, the fourth largest bank in the country in terms of balance sheet has reported a huge loss of Rs 9,975 crore

Bank of Baroda is the second-largest public sector lender after State Bank of India with over 9,500 branches, 13,400 ATMs and 85,000 employees to serve 12 crore customers

The latest figures will be a major cause of concern for both the prime minister Modi and Nirmala Sitharaman, who has been appointed as the new Finance Minister

Government's plans to expedite banking consolidation might throw up many challenges which are likely to extend the balance sheet clean up for a couple of years

The agency also affirmed BBB- the rating of Bank of Baroda (New Zealand), Canara Bank and Bank of India (BOI)

The government had earlier talked about creating a few large banks of international size

Reports suggest that PNB could begin the process of taking over smaller public sector banks under the second round of consolidation in the next three months

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Exit polls, election outcome to set tone for marketsEquity markets will track election trends this week as the exit polls showed that the ruling NDA is likely to come back to power. The results of the seven-phase polls will come out Thursday and experts opined that markets have partly discounted exit poll outcome in the last few days. Most exit polls Sunday forecast another term for Prime Minister Narendra Modi, with some of them projecting that BJP-led NDA will get more than 300 seats to com...

With the first ever three-way merger, BoB has now become the second-largest public sector lender after State Bank of India with over 9,500 branches, 13,400 ATMs, and 85,000 employees to serve 12 crore customers

Delhi CM Arvind Kejriwal assaulted by a man during his roadshow in Moti Nagar, Delhi.

The buzz is that some merger activity is on the cards around second or third quarter of the current fiscal year but it need not be a tripartite agreement like the Bank of Baroda (BoB), Vijaya Bank and Dena Bank merger, which came into effect on April 1