Punjab National Bank, Oriental Bank of Commerce and United Bank will be merged to create a business of ₹7.95 trillionOther mergers include: Canara Bank with Syndicate Bank; Union Bank with Andhra Bank and Corporation Bank; Indian Bank with Allahabad Bank
1 min read30 Aug 2019Once finalized, the share swap ratio for the PSU bank merger will be subject to the approvals of the respective boards, Reserve Bank of India and the Parliament
2 min read14 Nov 2018Reviewing the performance of PSU banks, Arun Jaitley exuded confidence that formalisation of the economy would help India achieve sustainable growth of 8%
1 min read25 Sep 2018The equity market will closely track the debt market as the higher cost of funds, partly due to risk aversion, will also affect non-financial firms
3 min read24 Sep 2018A share swap ratio of 1:8.5 before the bank merger was announced seems more appropriate, considering Dena Bank's financials
2 min read21 Sep 2018The three-way PSU bank merger of Bank of Baroda, Dena Bank and Vijaya Bank presents a unique opportunity for BoB boss P.S. Jayakumar
4 min read18 Sep 2018The uninterrupted process of bank recapitalisation is testimony to the inability to tackle deep-rooted problems with follow-up banking reforms
4 min read25 Jan 2018A report on the bank merger proposals cleared by the ministerial panel, referred to as the alternative mechanism, will be sent to the cabinet every three months, says the finance ministry
2 min read2 Nov 2017PSU bank mergers are seen as the next step in banking reforms after the Rs2.11trillion bank recapitalisation plan announced earlier in October
2 min read30 Oct 2017Former RBI governor Raghuram Rajan views assume significance in the backdrop of arguments that PSU bank mergers may be a more preferable option
2 min read6 Sep 2017The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared