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Latest Banking News & Financial updates from around the web. Daily updates on Global Banking News, Financial Markets, Economy and News from the different banks.
ET reported that the post election, Finance Minister is likely to hold discussions soon about next round of consolidation, which is expected in second or third quarter of this fiscal year. Finance Ministry officials are saying that it is not necessary for merger to be a tripartite merger and will now look at different and […]
After amalgamation of Public Sector Bank i.e. Vijaya Bank and Dena bank with Bank of Baroda, the government is closely watching how the Bank of Baroda-Vijaya Bank-Dena Bank merged entity is working out. Sources said some other combinations are already in process but since to proceed on concrete proposals, it needs the approval of the […]
PayTm money – an arm of eWallet Paytm has received Securities & Exchange Board of India (Sebi) to start stock broking services. Entry of Paytm in the broking services is seen as threat to other discount broking firms like Zerodha or Angel broking etc. Many of the leading retail stock broking firms have started offering […]
Axis Bank MD & CEO Amitabh Chaudhry has shown his interest in acquiring any of the Public Sector Bank at right time and right price. Axis Bank is the third largest private sector bank in the country. MD and CEO Amitabh Chaudhry who took the helm on January 1, 2019, feels the bank can improve […]
Public sector Syndicate Bank has hinted to launch the proposed Employee Share Purchase Scheme (ESPS) in the first week of March at discounted rates. Discounts on ESPS will range from 23 to 25 per cent, based on seniority and designations.It is believed that the employees at lower scale will be getting the maximum discount. More […]
RBI has decided to pay Rs 28,000 Crore as interim surplus to Government of India for the half-year ended December 2018. This is the second successive year that the RBI will be transferring an interim surplus. The total receipts from the RBI as surplus transfer to Government in 2018-19 to ₹68,000 crore. Reserve Bank of India […]
Finance Minister Arun Jaitley has once again advocated for the merger of more Public Sector Banks. He batted for merger at RBI Central Board post-budget meeting. He said that India needs fewer banks and mega banks which are strong to help the needs of common man. He said economies of scale are of great help in […]
FactCheck “Army Welfare Battle Casualities Bank Account with SyndicateBank” – A viral message spreading around the social meida is claiming that the Modi government has now launched a new scheme “exclusively” for battle casualties and weapon purchase. The message is spreading around and people are conscious about genuiness of the account mentioned in the viral message. […]
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