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Total 407 results found. Search for [ bank mergers ]

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Raj Chengappa|Rajeev Dubey
June 6, 2021
In an exclusive interview with India Today Group Editorial Director Raj Chengappa and Business Today Editor Rajeev Dubey, Union Finance Minister Nirmala Sitharaman said the scale and intensity of the second wave are sharply different from the first one

Rukmini Rao
New Delhi, April 14, 2021
Over the last year, Indian IT companies have struck some of their biggest deals ever, and have stayed resilient amid testing circumstances

March 15, 2021
The account holders of these eight banks are also required to update their account details such as mobile number, address, name of the nominee, etc. The customer should get a new cheque book and passbook issued from the bank with which their former banks had merged

Team BT and KPMG
New Delhi, March 3, 2021
The methodology behind the BT-KPMG Best Banks Survey 2020

February 1, 2021
The finance minister is being assisted by a team of advisers and secretaries in making Union Budget 2021 tasked with the mission to pull the economy from the deep abyss

Anand Adhikari
December 9, 2020
The merged balance sheet size or total assets at Rs 86,532 crore has put the bank in the league of Bank of America, JP Morgan and, RBL Bank

November 30, 2020
Lakshmi Vilas Bank (LVB) has been merged with DBS Bank India Limited (DBIL), which is a subsidiary of Singapore's DBS Group Holdings Ltd, owing to serious deteriorations in the former's financial positions.

Joe C Mathew
November 26, 2020
Swadeshi Jagran Manch that promotes national self-reliance said that RBI has chosen to ignore the inherent value in LVB, and announced the handover to a foreign entity for free

November 18, 2020
Chennai-headquartered Lakshmi Vilas Bank got its new acquirer in DBS Bank after two failed mergers. Even though DBS Bank is well capitalised, the foreign bank will bring in additional capital of Rs 2,500 crore upfront to support credit growth of the new entity

Anand Adhikari
November 17, 2020
The merger of Lakshmi Vilas Bank, an old private sector bank from India, with a foreign bank like Singapore-based DBS Bank is expected to bring its own set of challenges

Anand Adhikari
November 17, 2020
The troubled lender with 566 branches saw its capital adequacy ratio fall to 0.17 per cent in June 2020; it had Rs 13,827 crore in outstanding loans and deposits worth Rs 21,443 crore at the end of FY20

Anand Adhikari
October 14, 2020
While the proposal of the Clix Group for a merger with Lakshmi Vilas Bank is pending with the Reserve Bank of India, the board of the bank is meeting tomorrow to take a call on the rights issue

September 15, 2020
ICICI Bank has stated in the past that based on its capital position, operating profits and provisions already made, it expects to be well positioned to absorb the stress arising out of the COVID-19 pandemic

August 15, 2020
Addressing the nation on the country's 74th Independence Day from the ramparts of the 17th-century Red Fort, he said India received record foreign investment in the last fiscal when FDI rose 18 per cent

Prasanna Mohanty
August 12, 2020
Solutions to shadow banking risks are well-documented: tightening regulations, extending central banks' cover as lender-of-last-resort, mandating deposit insurance to prevent overnight collapse, controlling trade in highly complex, opaque and high-risk derivatives and changing short-term-funding-long-term-lending business model

July 21, 2020
Earlier in 2019, the government created a handful of larger banks by merging ten state-owned banks into four. \"Now we are thinking of selling the unmerged banks to private players,\" government sources said

July 20, 2020
The first part of the plan would be to sell majority stakes in Bank of India (BOI.NS), Central Bank of India (CBI.NS), Indian Overseas Bank (IOBK.NS), UCO Bank (UCBK.NS), Bank of Maharashtra and Punjab & Sind Bank (PUNA.NS)

July 13, 2020
Last year also saw a sharp 8% rise, driven by mergers and acquisitions, and by firms borrowing to fund share buybacks and dividends

Rukmini Rao
July 10, 2020
\"For a bank that has been in news for loans that haven't worked out, its deposit base and branch network remains very strong\", says CLIX founder Pramod Bhasin

July 3, 2020
Official notifications had included only employees of nationalised banks to take the local train to work from July 1, excluding their other colleagues

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