Bank of Baroda Q1 results: The lender's total provisions and contingencies spiked 71.32 per cent to Rs 5,628 crore in Q1 FY21, as against Rs 3,285 crore in Q1 FY20

Bank of Baroda share gained up to 9.02% to Rs 55 on BSE. The stock trades higher than 5 day, 20 day and 50 day moving averages but lower than 100 day and 200 day moving averages

COVID-19 pandemic has not only halted process of recovery of PSBs but it is going to have an adverse impact on financial health of private sector banks too

Considerable cash reserves in the form of term deposits have been utilised till date to maintain flow of  funds to meet salaries, utility payments, statutory payments, vendor payments and project payments, says AAI

Bank merger: The amalgamation of Syndicate Bank into Canara Bank will create the fourth-largest public sector bank with Rs 15.20 lakh crore business and a network of 10,324 branches

Covid-19 pandemic was like a bold from the blue. Over the last seven years, the banks had braved the first of its kind balance sheet clean up with RBI's asset quality review for stressed loans

Mega consolidation would help create banks with scale comparable to global banks and capable of competing effectively in India and globally

As a result of this amalgamation, the number of PSBs will get consolidated from 27 banks in 2017 to 12 banks in 2020

SBI, the largest bank in the country, has created building blocks for capturing the next growth cycle with sharper focus on risk and returns

Centre on August 30 last year announced four major mergers of public sector banks, bringing down their total number to 12 from 27 in 2017. The move was aimed at making state-owned lenders global sized banks

Creation of global sized banks through consolidation will facilitate Modi government's resolve to make India a USD 5 trillion economy by 2024-25, says Minister of State for Finance Anurag Singh Thakur

\"One of the challenges before public sector banks in the near future is the merger of the bank...IT merger needs to be handled very carefully,\" says Kumar

Budget 2020 wishlist: The first big measure regarding banking sector that many are expecting Finance Minister Nirmala Sitharaman to announce in her second Budget speech is a hike in deposit insurance cover

The last six months have seen delays in top-level appointments in PSBs, state insurance companies and the RBI. These institutions need leaders in place for acting fast on integration, re-strategising and also digitalisation

The BOI in its complaint, which is now part of the CBI FIR, said Frost International's account had started showing signs of stress from January, 2018 and later became NPA

Bank of Baroda Q2 results: The bank's net interest income (NII), or the core income a bank earns by giving loans, rose 10.09 per cent YoY to Rs 7,028 crore in Q2 FY20, while net interest margin (NIM), a measure of profitability, stood at 2.81 per cent, up 19 basis points (bps) on a sequential basis

Of this, the maximum 2,568 branches of the SBI were affected due to merger or closure in the last five financial years

Out of all the lenders, Yes Bank is most vulnerable with exposure equivalent to a fifth of its net worth

The merger is scheduled to come into force from April 1 next year.