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PTI
September 20, 2018
The country's largest lender State Bank of India on Thursday said it is not in a position to acquire more banks at the moment as it needs 2-3 years to see gains from the consolidation effected last year.


BusinessToday.In
September 19, 2018
While the Bank of Baroda stock was trading 2.07% higher at 115.80 on the BSE, the Dena Bank stock fell 1.31% to trade at 18.85 level against the previous close of 19.10 level. On Tuesday, the Bank of Baroda stock closed 17.04% or 23 points lower on the NSE. On the BSE, the stock closed 16.03% or 21 points lower at 113 level.


PTI
New Delhi, September 18, 2018
These three state-run banks would work on strict timeline and necessary regulatory process is expected to be over by the end of 2018-19, sources said.


BusinessToday.in
New Delhi, September 18, 2018
Bank of Baroda, Dena Bank and Vijaya Bank to merge; govt promises to protect employees' interests; Bank of Baroda, Vijaya Bank, Dena Bank stocks make major moves post merger announcement; US-China trade war: Trump imposes fresh round of tariffs on imports worth $200 bn; India delays imposition of retaliatory tariffs on U.S. goods till November 2; gold to become more expensive? Govt may hike import duty to stem rupee fall. Watch more in this episode of Business Wrap.


Aprajita Sharma
September 18, 2018
Global brokerage Jefferies referred to Bank of Baroda as the base, Vijaya Bank the kicker and Dena Bank as 'bad bank'.


BusinessToday.In
September 18, 2018
The rupee fell 46 paise to close at 72.97 level, its lowest ever against the US dollar in trade today which dampened market sentiment. The Indian currency had closed at 72.51 to the dollar on Monday. Led by the sharp fall in stocks, the market capitalisation (m-cap) of BSE-listed companies plunged by Rs 2,72,549.15 crore to Rs 1,53,64,470 crore since Friday.


BusinessToday.In
September 18, 2018
The stock closed 17.04% or 23 points lower on the NSE.  On the BSE, the stock closed 16.03%  or 21 points lower at 113 level. The market capitalisation of the stock fell by Rs 5,727 crore to Rs 30,013 crore on the BSE.


BusinessToday.In
New Delhi, September 18, 2018
Bank of Baroda, Dena Bank and Vijaya Bank to merge; govt promises to protect employees' interestsMoving ahead with consolidation of public sector banks, Finance Minister Arun Jaitley on Monday announced the merger of Bank of Baroda, Vijaya Bank and Dena Bank. The merged entity would be India's third largest. There will be no adverse impact on employees of merged entity, the Finance Minister added. Department of Financial Services Secretary Rajeev Kumar said that the new bank will ...


BusinessToday.In
September 18, 2018
Dena Bank was on RBI's Prompt Corrective Action (PCA) list and other two banks have the strength to subsume a weaker bank, Finance Minister Arun Jaitley said on Monday. 


Anand Adhikari
September 17, 2018
The merger of Dena Bank and Vijaya Bank with Bank of Baroda will create new challenges for the amalgamated bank.


BusinessToday.In
September 17, 2018
The merged entity or amalgamated bank would be India's third largest.


Manu Kaushik
New Delhi, September 17, 2018
The aviation sector is facing headwinds as some airlines grapple to cut costs and others struggle to stay afloat.


Prosenjit Datta
New Delhi, September 14, 2018
Mallya kept borrowing more and more to keep KFA flying - putting up his shares and other assets as collateral to keep getting loans from banks.


PTI
September 9, 2018
SEBI initiated a public consultation process for finalising the new guidelines after a high-powered panel suggested changes on several contentious proposals and more time for compliance with new KYC and beneficiary ownership norms.


BusinessToday.In
New Delhi, September 7, 2018
\"We will look at their (LIC's) business plan (post acquisition of 51 per cent stake in IDBI Bank) and then decide on reduction of its stake in IDBI Bank (to 15 per cent),\" says IRDAI Chairman SC Khuntia


BusinessToday.In
New Delhi, September 7, 2018
The Sunil Mittal-controlled company might snatch back its No. 1 ranking on RMS in the next two-three quarters since VIL is expected to lose ground in the course of its integration process as it conforms to M&A rules.


BusinessToday.In
September 1, 2018
One of Apple's autonomous cars was merging south on Lawrence Expressway in Sunnyvale, California at a speed of 1 mile per hour in autonomous mode, when it was rear ended by a 2016 Nissan Leaf doing 15 miles per hour.


BusinessToday.In
August 28, 2018
If the bank issues about $17 billion of new stock to back an acquisition, that would effectively dilute the Uday Kotak's holding below the RBI's 20 per cent target.


Mail Today Bureau
August 21, 2018
The 'Change the World' list, which includes for-profit companies that help tackle social problems, was released on Monday. It ranked Jio ahead of pharma giant Merck and Bank of America and Chinese billionaire Jack Ma-led Alibaba.


Anand Adhikari
New Delhi, August 6, 2018
The government has given signal to banks to try out yet another resolution approach, including AMC-AIF, for dealing with growing stressed assets. Will it work?


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