These Acts led to the nationalisation of banks in two phases and provisions of these laws have to be changed for the privatisation of banks, they said

SMBs that chose to go for a digital transformation several years ago have been able to weather the pandemic more resiliently than their peers

Stocks to watch today on December 21: RIL, JSW Steel, M&M, Infosys, PVR, PNB, ONGC, Lupin among others are the top stocks to watch out for in Monday's trading session

On the technical front, the 50 stock barometer Nifty crossed major resistance placed near 11,400 mark and closed at 11,470, while Sensex, the 30 scrip index on BSE ended at 38,900, after hitting 39,226 earlier in the session

India Stock Market Highlights Today: Eicher Motors, NTPC, Nestle, Power Grid and Bajaj Finserv were leading as top gainers. On the other hand, TCS, Maruti, ITC, Nestle, Infosys, Wipro, HCL Tech, Sun Pharma,  were among the top losers today.

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