Psb Mergers

Govt cuts Mudra loans target in FY22, rules out fresh PSB merger proposal

Mudra scheme target set at Rs 3 trillion for FY22 as against Rs 3.21 trillion sanctioned in FY21

RBI excludes six PSBs from Second Schedule of RBI Act; cites merger

The six banks are Syndicate Bank, Oriental Bank of Commerce (OBC), United Bank of India, Andhra Bank, Corporation Bank, and Allahabad Bank

Complete tech integration with OBC, United Bank of India this fiscal: PNB

The integration of the core banking solution platform would take slightly longer time as the merged entity had an older version of this platform, PNB chief said

Govt may not privatise PSBs in FY21 over low valuations, high NPAs: Report

The government will refrain from distress sale of its entities, especially if they are in strategic sectors

PSB merger effect: State Bank of India, PNB dip up to 6%, Indian Bank up 8%

The consolidation, that will merge 10 PSBs into four, comes at a time when the country and financial system is grappling with adverse fallout of the Covid-19 pandemic.

Coronavirus: Pressure mounts on govt to defer PSB merger amid lockdown

Banks working towards merging balance sheets before April 1

Top events of the day: FM to take stock of PSBs merger preparedness

From Jet Airways' creditors meeting to India vs South Africa first ODI at Dharamshala, Business Standard brings you the top news events of the day to watch out for

Coronavirus, not developments at YES Bank, will determine market direction

The health scare would taper-off in India also in a matter of a few weeks/months, based on the quantum of spurt in the initial stages and also depending upon the possible role of temperature.

Public sector banks announce share-swap ratios ahead of April 1 merger

Allahabad Bank-Indian Bank deal to be determined

Merger of 10 public sector banks into 4 to come into effect from Apr 1: FM

The Union Cabinet, she said, has given a go-ahead for the merger proposal and the government has been in regular touch with these banks

Merger of 10 public sector banks: Cloud hangs over April 1 deadline

PM wants to review outcome of BoB amalgamation before taking a final call

Cabinet likely to approve mergers of 10 public sector banks into 4 today

This will be the biggest merger exercise of PSBs, which was announced by Finance Minister Nirmala Sitharaman in August 2019

PNB rises 3% ahead of Q3 results, nod to raise Rs 1,000 crore via bonds

Among the key monitorables, analysts would watch out for an update on integration and merger of United Bank of India and Oriental Bank of Commerce with PNB.

Ahead of merger, public sector banks advance promotions and transfers

According to sources, promotions and transfers till scale four at officers' level for the financial year 2020-21 is being decided by individual banks

PSBs on merger track may get recapitalisation allocation in Budget 2020

The upcoming Union Budget may provide for another round of recapitalisation

Loan 'melas' are back: PSBs to hold credit meets in 400 districts, says FM

Stressed MSME assets will not be labelled NPAs till March 31, 2020

Zero variation in loan books makes the case for merger of 12 PSBs

Their credit operations have been typical of a herd mindset with most of their boards loath to furrow an independent path, opting instead for the so-called comfort zone of consortium lending

Merger of public sector banks: Has governance been given short shrift?

The govt's silence on the road map to change the governance structure of state-run banks make experts wary of the road ahead

Customer to IT integration, banks to follow BoB's footsteps during merger

Banks to take cue from merger of BoB, Vijaya Bank, and Dena Bank

How strong state-owned banks drive growth

The PSBs are expected to focus on infrastructure financing, credit growth, financial inclusion, and digital transactions