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Public Sector Bank merging is the need of the hour and panel on state run bank merger headed by finance minister has directed the banks to examine proposals for amalgamation. The final schemes formulated will be approved by the central government, and laid in both the houses of Parliament. The consolidation of struggling state-run banks, which have […]
If rely on the word of Sanjeev Sanyal, Principal Economic Advisor, Finance Ministry – Government wants to have 10-15 public sector banks with government’s majority stake, down from 21 at present, as part of its plan to consolidate banks. Further, No very weak bank would not be merged with a strong one “as it could pull the latter […]
Based on the recent cabinet approval for merging of Public Sector Banks in India, Finance Ministry has issued the notices and written letter to all heads of State run bank to set up a ministerial panel to facilitate consolidation in the public banking space. This communication is being made in order to activate the motion of bank consolidation […]
Guidelines for Merger of Banks in India – Union Government has announced that the framework along with guidelines is finalized for consolidation & Merger of public sector banks. Finance minister Arun Jaitely has informed the media about the proposed decision and told that the decision was taken at the Cabinet meeting. Mr Arun jaitely stated […]
Government of India, Ministry of finance said that there is no plan for merging of any of the Public Sector Banks. Minister of state for finance Santosh Kumar Gangwar said in a written reply to the Lok Sabha that there is no such proposal under the consideration of the government for consolidation of PSBs at […]
If believe the recent reports, these seven public sector banks (PSB) will be merged within six months i.e. United Bank of India, Indian Bank, Bank of Maharashtra, Central Bank of India, Punjab and Sind Bank, Indian Overseas Bank and UCO Bank. The main reason for possible merging is that seven PSBs, especially United Bank of India, could […]
Indian Banking system is currently focused under the cloud of merger and each day started with a fresh rumor. Now Finance Ministry has asked the larger big four Public Sector Bank i.e. Bank of Baroda, Canara Bank, Bank of India and Punjab National Bank to look after the possibility of merging of small and mid […]
Finance Ministry, Government of India has announced the deadline for additional four public sector bank (PSB) merging by December this year. This time they have picked Punjab National Bank (PNB), Bank of Baroda (BOB) , Bank of India (BOI) and Canara Bank as the larger entity and possible acquirers. Recently these these banks along with […]
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