Business Today: Latest Business News, India economy News, Stock Markets, Sensex, Mutual Funds and Indian Tax
Loading...
Search

Total 252 results found. Search for [ bank merger plan ]

Results 20 to 40 of 252
BusinessToday.In
New Delhi, September 18, 2019
The merger of Indian Bank and Allahabad Bank will create a robust entity with a pan-India presence. As of now, Indian Bank, the anchor bank in this merger, has a strong presence in South India whereas Allahabad Bank is present in northern and eastern India


BusinessToday.In
New Delhi, September 13, 2019
The merged entity will be the fourth largest public sector lender in India with business of Rs 15.2 lakh crore and will also create the third largest branch network in India with 10,342 branches


BusinessToday.In
September 12, 2019
The former prime minister has recommended a six-pronged action plan for the Modi government to tackle the ongoing crisis, which he attributes to demonetisation and faulty GST rollout. The Congress stalwart believes that the country can return to a high growth trajectory in 3-4 years if the government takes appropriate action.


Anand Adhikari
New Delhi, September 10, 2019
Over the last decade, the Rs 152 lakh crore banking industry witnessed four big mergers - two each in the public and private banking space.


BusinessToday.In
September 5, 2019
The heads of the 10 PSBs on the merger list met in Mumbai on Wednesday to discuss initial plans. The concerned banks have already formed teams at the level of general managers to ease the process of integrating products and processes


Reuters
September 5, 2019
India is likely to miss its fiscal deficit target for the current financial year, despite receiving an additional dividend from the the Reserve Bank of India (RBI), five government officials and advisers said, as tax collections have sunk amid a sharp slowdown.


BusinessToday.In
New Delhi, September 4, 2019
Moody's has also maintained a stable outlook on Canara Bank, Oriental Bank of Commerce (OBC), Syndicate Bank and Union Bank. While the local and foreign currency deposit ratings of these public sector banks were maintained at Ba1/NP, the BCAs and Adjusted BCA were affirmed at ba3


BusinessToday.In
New Delhi, September 4, 2019
Canara Bank share has been on selling spree and hit a fresh 52-week low of Rs 190.65 on the BSE on Wednesday. Since Friday, Canara Bank share price has declined as much as 13.55%


BusinessToday.In
September 3, 2019
The equity market crashed on Tuesday with Sensex and Nifty declining over 2% each on heavy selling in PSU banks and auto indices.


BusinessToday.In
New Delhi, September 3, 2019
Major fire breaks out at ONGC plant in Navi Mumbai; at least 5 deadA major fire has broken out at an ONGC plant in Navi Mumbai. The fire broke out at 7am on Tuesday. According to initial reports, several people are feared trapped inside the premises. ONGC fire services and crisis management team immediately jumped into action. There has been no impact on oil processing. Gas has been diverted to Hazira Plant. According to initial reports at least five are feared dead.Maruti Suzuki ...


Joe C Mathew
New Delhi, September 2, 2019
The Finance Minister has announced a mini-stimulus package to arrest the economic slowdown. But the economy needs much more than piecemeal solutions


E Kumar Sharma
New Delhi, September 2, 2019
What stands out about the announcement is that the new medical colleges will be set up in underserved areas having no medical colleges with at least 200 bedded district hospitals.


BusinessToday.In
New Delhi, September 2, 2019
Car sales crash 29% in August; all eyes on Sep 20 GST meetAutomobile sales in the country crashed again by nearly a third in August 2019 over last year marking the 10th straight month that sales have declined. India's largest carmaker Maruti Suzuki posted a steep 36 per cent decline in sales in August at 93,173 units compared to 145,895 units in the same month last year. The cumulative sales of the top 6 carmakers in the country that were declared on Sunday, showed a decline of ov...


PTI
Chennai, September 2, 2019
Sitharaman on Friday unveiled a mega plan to merge 10 public sector banks into four as part of plans to create fewer and stronger global-sized lenders


PTI
August 31, 2019
Punjab National Bank (PNB) on Saturday said a board meeting will be held soon to consider amalgamation of Oriental Bank of Commerce and United Bank of India with itself.


PTI
August 31, 2019
Members of the All India Bank Employees' Association on Saturday staged a protest here against the Centre's decision to merge 10 public sector banks into four entities.


Anand Adhikari
Mumbai, August 31, 2019
The PSB universe will now have half a dozen large banks with Rs 10 lakh crore-plus balance sheets, two national banks and four regional banks. But how do the mergers help?


PTI
August 30, 2019



BusinessToday.In
New Delhi, August 30, 2019
Finance Minister Nirmala Sitharaman on Friday announced the merger of 10 public sector banks into four entities to make them stronger and sustainable as well as increase their lending ability


PTI
August 30, 2019
The federal probe agency has issued a final show cause notice, after completion of the probe, to Watali for allegedly contravening the FEMA, and imposed penalty to the extent of Rs 62 lakh, it said


PAGES 2 OF 13  12345