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Bank merger news in india

bank merger news in india

The first part of the plan would be to sell majority stakes in Bank of India, Central Bank of India, Indian Overseas Bank, UCO Bank, Bank of Maharashtra and. Bank Merger. Read Breaking News on Bank Merger updated and published at Zee News. Photo Gallery: Indian banking sector undergoes major mergers. As per the scheme, Oriental Bank of Commerce and United Bank of India will be merged into Punjab National Bank; Syndicate Bank into Canara Bank; Allahabad​. bank merger news in india

Bank merger news in india -

Abc Large. Brand Solutions. Mergers of PSU banks should be done only after balancesheets are cleaned up and these are nursed back to health with adequate capitalisation, said former RBI governor Raghuram Rajan. In order to raise funds and improve the financial health of the state-owned banks, the government aimed to keep stakes in only five PSU banks, and privatise the rest of them, Reuters had reported. You can find out more by clicking this link. Recently, the PMO had also written a letter to the Ministry of Finance to accelerate the process of privatisation.

Bank merger news in india -

Click here to read the Mint ePaper Mint is now on Telegram. The government's mega merger plan to strengthen the country's banking system came into effect on Wednesday, combining 10 state-run banks into four. Instead, the unions said, ensuring "proper governance in the system" and "removing political interference" will address the problem of NPAs. All News Videos. Govt not to force bank mergers: Fin Service Secretary Mergers on individual banks will not be forced and no time frame has been set for the consolidation process in the banking system, Financial Services Secretary R Gopalan said today. Abc Large. Read bank merger news in india article in : Hindi. Nifty 11, Font Size Abc Small. After the merger, these together will form the second-largest public sector bank in the country, after State Bank of India SBI. To see your saved stories, click on link hightlighted in bold. Jio Platforms, Qualcomm successfully test 5G solutions, clock over 1 Gbps speed in trials. By continuing to use the site, you agree to the use of cookies.

5 thoughts on “Bank merger news in india

  1. Shreyas K

    Sir, the way your explaining it, is wanting me to go and taste it all over again. This cafe is the crown of our area.

  2. Marco Frassini


  3. ha le sakte hai

  4. Vidhya Sagar

    Form bharne k bad kaha jana h ye to bta do bhai bank me jana padega na

  5. Jamie Jones

    sir if you have template so please share it me

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