In August, the government announced its plan to merge 10 public sector lenders into four to create fewer and stronger global-sized banks

Co-operative sector banks, particularly the urban co-operative banks (UCBs), are falling apart slowly but surely with mounting stressed assets, the full extent of which may not be known

The State Bank of India (SBI) joins the list of marquee names such as behemoth Life Insurance Corporation (LIC) and the Canadian pension fund CDPQ to lend money to Piramal's $2 billion Group

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

Hanung Toys and Textile Ltd owes Rs 2,300 crore from a consortium of 15 lenders led by PNB, which alone has exposure of Rs 599 crore

Even though Gangwal stands on thin ice if the powers entrusted in the shareholders' agreement are considered; Bhatia has much more to lose if this matter escalates further

Bank of Maharashtra, Syndicate Bank, Bank of Baroda have said their operations could be hit; the unions are protesting against recent bank mergers, falling deposit rates and job security

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AITUC says the government's decision to merge 10 public sector banks into four is \"unfortunate\" and totally \"unwarranted\";bank unions other demands include banking reforms, recovery of bad loans and action against defaulters

Placing Lakshmi Vilas Bank under the prompt corrective action framework cannot be construed as RBI having made up its mind on the lender's merger proposal with Indiabulls Housing, governor Shaktikanta Das said Friday

Indiabulls Housing Finance stock opened today with a loss of 6.79% to Rs 363, also its day's high. Later, the stock crashed 37.8% and touched an intraday low as well as fresh 52-week low of Rs 240.10, against the last closing price of Rs 389.45 on BSE

Now, as the Finance Secretary has taken cognisance into the matter and has promised to provide positive and workable solution, the 48 hours strike had been deferred, a joint statement said. 

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

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

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.

Over the last decade, the Rs 152 lakh crore banking industry witnessed four big mergers - two each in the public and private banking space.

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