Banks Merger

Both Berkshire and Brookline are headquartered in Boston, Massachusetts and each hold around $12 billion in assets. The deal is set to create a $24 billion bank with a geographic footprint across five

The planned mergers would result in one regional rural bank in each state, according to a banker

Facing an unprecedented attack on its credibility, the last thing that the SEBI would want is to give the impression that while all M&A is equal, some transactions are more equal than others

Investors warmed to the takeover, by this summer pushing up the value of UBS's shares by more than two-thirds since it bought Credit Suisse in March 2023

CEO Jagdishan tells analysts merger with HDFC gives the lender the opportunity to double balance sheet every five years

The aim of bank nationalisation was to include the poor in the banking system so that they could avail of their advantages, but the amalgamation has negated that purpose, he claimed

K R Pradeep, one of the 25 promoters of LVB, said that RBI should revisit the troubled lender's valuation

Business Standard Opinion pieces for the day talk about bank merger and coronavirus among other issues.

One advantage of the merger cited by the banks to the government is that their capital base would go up

On August 30 last year, Sitharaman had announced the biggest merger exercise of PSBs

'We have successfully done the mergers and recapitalisation of the banks', said Thakur

The upcoming Union Budget may provide for another round of recapitalisation

After the merger, the combined entity will also see a higher number of chief general managers

Indian Bank is the acquiror while Allahabad Bank is the transferor

At more than $200 billion, India's world-beating pile of bad loans is bigger than Italy's

We see the merger of public sector banks as a step in the right direction, says Prakash Kacholia

Days after the new Modi government was sworn-in, the benchmark indices climbed to all-time highs

After mergers, banks will have to decide whether to reduce their stakes in insurance companies or exit them

The possibility is that high calibre chief risk officers in the PSBs already earn Rs 1 crore to Rs 2 crore, whereas even SBI chairman could be earning less than Rs 30 lakh

The announcement of consolidation of PSBs is certainly a step in the right direction, says Maheshwari