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Total 16 results found. Search for [ uco bank merger news ]

Results 1 to 16 of 16
Dipak Mondal
New Delhi, February 5, 2021
In spite of criticism and Opposition jibes, the Centre commits itself to selling most PSUs; sets ambitious disinvestment target for FY22


BusinessToday.In
July 31, 2020
NITI Aayog has recommended the government to privatise three public sector banks - Punjab & Sind Bank, UCO Bank and Bank of Maharashtra


BusinessToday.In
April 1, 2020
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


Anand Adhikari
March 19, 2020
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


BusinessToday.In
New Delhi, February 10, 2020
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


Anand Adhikari
Mumbai, January 29, 2020
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


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?


Joe C Mathew
August 30, 2019
The continuing slowdown in the economy comes at a time when Finance Minister Nirmala Sitharaman is busy announcing stimulus after stimulus to reverse the slowdown


Naveen Kumar
August 30, 2019
Merger of banks is a time consuming process which may go on for several months. However, it is made sure during the process that there is minimum disruption or inconvenience for customers


BusinessToday.In
New Delhi, August 30, 2019
Rajeev Kumar, Finance Secretary-cum-Secretary, Department of Financial Services says there is no chances of retrenchment and that the merger of the bank employees will in fact benefit the employees


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


BusinessToday.In
August 30, 2019
Besides the Indian Bank and Allahabad Bank merger, finance minister Nirmala Sitharaman also announced the merger of 10 public sector banks into four big banks.


BusinessToday.In
New Delhi, August 30, 2019
Part of the biggest consolidation exercise in the Indian banking industry, the 10 banks to be amalgamated constitute 82 per cent of PSB business and 56 per cent of commercial bank business in India


BT Online
New Delhi, August 22, 2017
The Unions call for nation-wide strike came in the backdrop of a news that the government was working on a consolidation agenda with a view to creating 3-4 global-sized banks and reduce the number of state-owned lenders to about 12.


BT Online
June 15, 2017
The Central Bank of India is the fifth bank in the past couple of months that the RBI has imposed Prompt Corrective Action (PCA) on. IDBI Bank, Indian Overseas Bank, UCO Bank and Dena Bank are the other four panks who have been placed under the PCA.


Anand Adhikari
New Delhi, June 5, 2017
The triggering of PCA means there will be several restrictions imposed on the banks which may also be followed by implications that need to be watched out for.


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