Bank of Baroda, Dena Bank, Vijaya Bank to be merged, create India’s third largest bank
6 years, 6 months ago

Bank of Baroda, Dena Bank, Vijaya Bank to be merged, create India’s third largest bank

Hindustan Times  

The government plans to merge three state-run banks, Bank of Baroda, Dena Bank and Vijaya Bank, the financial services secretary said on Monday, as part of efforts to clean up the country’s banking system. The government will continue to provide capital support to the merged bank, expected to be India’s third largest, said Rajeev Kumar at a press conference in New Delhi. But these banks also account for the lion’s share of more than $150 billion in sour assets plaguing the sector, and need billions of dollars in new capital in the next two years to meet global Basel III capital norms. The proposed merger follows a similar move by the government in February last year when it merged State Bank of India with its five subsidiary banks, helping the country’s largest lender by assets increase its scale and cut expenses through synergies..

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History of this topic

India: Centre rules out new PSU bank mergers
3 months, 3 weeks ago

India: Centre rules out new PSU bank mergers

Deccan Chronicle  

New Delhi: The Centre may not consider merger of public sector banks as several reforms undertaken by the government in the banking sector have created systemic improvements and instituted checks and controls to minimise the risk of recurrence of excessive stress, the government said on Tuesday. “The reforms undertaken by the government in the banking sector have created systemic improvements …

Government may introduce amendments to laws to push banking sector reforms in Budget session
8 months, 2 weeks ago

Government may introduce amendments to laws to push banking sector reforms in Budget session

The Hindu  

The government is likely to introduce amendments to Banking Regulation Act 1949 and other laws to push banking sector reforms during the upcoming Budget session. Apart from this, amendments in the Banking Companies Act, 1970, and the Banking Companies Act, 1980 are needed for privatisation of public sector banks, sources said. Amendments, if approved by Parliament, would help bring down …

India’s growing economy needs bigger banks
1 year, 1 month ago

India’s growing economy needs bigger banks

Live Mint  

Finance minister Nirmala Sitharaman has said that India needs more banks the size of State Bank of India, or even larger. As our economy grows, lending capacity must expand and large lenders can lend larger sums without asset-concentration risk. In 2019, the government decided to merge at least 10 state-run banks to create four larger ones. Also expected was a …

India needs more SBI-sized banks, or three times larger: FM Nirmala Sitharaman
1 year, 1 month ago

India needs more SBI-sized banks, or three times larger: FM Nirmala Sitharaman

Live Mint  

New Delhi: India needs more “SBI-size” banks to meet the growing needs of the economy and industry, particularly as the country aspires to grow to be the world’s third-largest economy, finance minister Nirmala Sitharaman said. In an interview with Mint, the finance minister said the country needs to create an atmosphere so larger overseas banks can enter India, and more …

ECONOMIC PERSPECTIVES | Is a reversal of bank nationalisation on the cards?
2 years, 2 months ago

ECONOMIC PERSPECTIVES | Is a reversal of bank nationalisation on the cards?

The Hindu  

Published : Jan 26, 2023 10:25 IST The semi-annual Financial Stability Report from the Reserve Bank of India signals that the country’s banking system, especially the public banking system, has put behind it the stress from disturbingly high non-performing or bad loans on its books. The asset quality review resulted in an increase in the volume of recorded gross NPAs …

RBI to conduct customer satisfaction survey on bank mergers
3 years, 11 months ago

RBI to conduct customer satisfaction survey on bank mergers

India TV News  

RBI to conduct customer satisfaction survey on bank mergers Among other things, the respondents will be asked whether the merger was positive from the point of customer services. The Reserve Bank of India has decided to conduct a customer satisfaction survey to find out the impact of the recent mergers of state-owned banks on banking services being availed by individuals. …

Centre likely to bring amendments to two legislations to facilitate privatisation of PSU banks
4 years, 1 month ago

Centre likely to bring amendments to two legislations to facilitate privatisation of PSU banks

Firstpost  

New Delhi: To facilitate the privatisation of public sector banks, the government is likely to bring amendments to two legislations later this year. Finance Minister Nirmala Sitharaman while presenting Budget 2021-22 earlier this month had announced the privatisation of Public Sector Banks as part of disinvestment drive to garner Rs 1.75 lakh crore. “Other than IDBI Bank, we propose to …

Mega PSU bank merger marks new dawn for Indian banking space: Finance ministry
4 years, 11 months ago

Mega PSU bank merger marks new dawn for Indian banking space: Finance ministry

Firstpost  

The biggest-ever consolidation exercise in the public sector banking space effected on Wednesday will mark a new dawn for the Indian banking sector, the Finance Ministry said on Wednesday New Delhi: The biggest-ever consolidation exercise in the public sector banking space effected on Wednesday will mark a new dawn for the Indian banking sector, the Finance Ministry said on Wednesday. …

Mega-Merger Of PSU Banks To Be Effective From Today; Key Points
4 years, 11 months ago

Mega-Merger Of PSU Banks To Be Effective From Today; Key Points

ABP News  

According to 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 into Indian Bank; and Andhra and Corporation banks into Union Bank of India. Branches of Oriental Bank of Commerce and United Bank of India will operate as branches of Punjab National Bank; Syndicate …

Amalgamation of 10 public sector banks into 4 from April 1: Sitharaman
5 years ago

Amalgamation of 10 public sector banks into 4 from April 1: Sitharaman

India TV News  

Amalgamation of 10 public sector banks into 4 from April 1: Sitharaman ​The Union Cabinet on Wednesday approved amalgamation of 10 public sector banks, including Allahabad Bank, Andhra Bank and OBC, to create large four state-owned lenders with effect from April 1, Finance Minister Nirmala Sitharaman said. The Union Cabinet on Wednesday approved amalgamation of 10 public sector banks, including …

Ten public sector banks' merger to come into effect from 1 April, says Nirmala Sitharaman – Firstpost
5 years ago

Ten public sector banks' merger to come into effect from 1 April, says Nirmala Sitharaman – Firstpost

Firstpost  

New Delhi: The Union Cabinet on Wednesday approved amalgamation of 10 public sector banks, including Allahabad Bank, Andhra Bank and OBC, to create large four state-owned lenders with effect from 1 April, Finance Minister Nirmala Sitharaman said. As per the mega consolidation plan, Oriental Bank of Commerce and United Bank of India will merge into Punjab National Bank; Syndicate Bank …

Mega bank consolidation: Meeting 1 April deadline appears challenging with approvals, clearances still pending
5 years, 1 month ago

Mega bank consolidation: Meeting 1 April deadline appears challenging with approvals, clearances still pending

Firstpost  

According to a senior banker, information technology integration of Vijaya Bank and Dena Bank with Bank of Baroda is still in process even after 10 months of merger. Mumbai: With the deadline of 1 April fast approaching for the mega merger of 10 public sector banks, there seems to be more odds in the way of meeting the target date …

Govt likely to notify merger of 10 PSU banks this week; all lenders to complete amalgamation procedures by April
5 years, 1 month ago

Govt likely to notify merger of 10 PSU banks this week; all lenders to complete amalgamation procedures by April

Firstpost  

The banks will need to follow regulatory formalities to protect the interest of minority shareholders. The government is expected to notify the merger of 10 public sector banks that it had announced last year to create four big banks this week and the merger process may be completed by April, said a news report. Union Bank, Andhra Bank, Corporation Bank …

Union Budget 2020: Budget May Provision Rs 50k Cr Recap For PSU Banks
5 years, 2 months ago

Union Budget 2020: Budget May Provision Rs 50k Cr Recap For PSU Banks

ABP News  

New Delhi: The Union Budget 2020 may allocate Rs 50,000 crore recapitalisation for the banks undergoing merger to support them through the amalgamation with the anchor banks. The new merged bank will be the second-largest PSB in the country with Rs 18 lakh crore business and the second-largest branch network in India. The Canara and Syndicate Banks will also merge …

Vijaya Bank, Dena bank removed from second schedule of RBI Act
5 years, 4 months ago

Vijaya Bank, Dena bank removed from second schedule of RBI Act

India TV News  

The Reserve Bank of India on Thursday said it has excluded Vijaya Bank and Dena Bank from the second schedule of the RBI Act, with effect from April 1, 2019. "Vijaya Bank and Dena Bank have been excluded from the second schedule to the Reserve Bank of India Act, 1934 with effect from April 1, 2019, since they have ceased …

Over 3,400 branches of 26 public sector banks closed or merged in last 5 years: RTI
5 years, 4 months ago

Over 3,400 branches of 26 public sector banks closed or merged in last 5 years: RTI

Firstpost  

Over 3,400 branches of 26 public sector banks have been either closed or merged during the last five financial years due to merger under the consolidation exercise in the banking space, revealed an RTI query Indore: Over 3,400 branches of 26 public sector banks have been either closed or merged during the last five financial years due to merger under …

Total of 34 functional teams to smoothen bank merger of UBI, PNB, OBC; to come into force on 1 April
5 years, 5 months ago

Total of 34 functional teams to smoothen bank merger of UBI, PNB, OBC; to come into force on 1 April

Firstpost  

The complete harmonisation among the three entities would take another 12 to 14 months after the merger Kolkata: A total of 34 functional teams have been formed to smoothen the process of merger of United Bank of India, Punjab National Bank and Oriental Bank of Commerce, a senior official said. “The functional teams will also try standardising the loan process, …

Bank unions defer 2-day strike; operations to be normal on Sep 26-27
5 years, 6 months ago

Bank unions defer 2-day strike; operations to be normal on Sep 26-27

India TV News  

Officers' unions of public sector banks have deferred the proposed two-day strike following an assurance from Finance Secretary Rajiv Kumar to look into their concerns. Four unions of bank officers had threatened to go on a two-day strike from September 26 to protest against the consolidation of 10 state-run lenders into four. The Indian Banks' Association had informed SBI that …

Boards of Corporation Bank, Allahabad Bank give in-principal approval for respective merger plans
5 years, 6 months ago

Boards of Corporation Bank, Allahabad Bank give in-principal approval for respective merger plans

Firstpost  

New Delhi: Corporation Bank on Monday said the board has given its in-principle approval for the merger with Union Bank of India. “The board of directors in its meeting held on 16 September, 2019 has given in-principle approval for the amalgamation of the Corporation Bank into Union Bank of India,” it said in a regulatory filing. Earlier on 9 September, …

Strike call given by bank officers' union may affect normal business at branches: SBI
5 years, 6 months ago

Strike call given by bank officers' union may affect normal business at branches: SBI

Firstpost  

New Delhi: The State Bank of India on Monday said the operations of the bank could be affected if the two-day strike call given by officers’ unions materialises. The bank has been advised by Indian Banks’ Association that the All India Bank Officers’ Confederation, All India Bank Officers’ Association, Indian National Bank Officers’ Congress and National Organisation of Bank Officers …

Union Bank board okays merger of Andhra, Corporation Bank with itself; clears Rs 17,200-cr capital infusion
5 years, 6 months ago

Union Bank board okays merger of Andhra, Corporation Bank with itself; clears Rs 17,200-cr capital infusion

Firstpost  

Union Bank of India on Monday said its board of directors has approved the merger of Andhra Bank and Corporation Bank with itself and given nod for a capital infusion of Rs 17,200 crore in the current financial year New Delhi: Union Bank of India on Monday said its board of directors has approved the merger of Andhra Bank and …

Mamata Banerjee writes to PM Modi, protests against bank mergers
5 years, 6 months ago

Mamata Banerjee writes to PM Modi, protests against bank mergers

Live Mint  

West Bengal Chief Minister Mamata Banerjee wrote to Prime Minister Narendra Modi on Friday protesting against the Centre's unilateral decision to merge two public sector banks headquartered in the city without consulting the state government. "Im deeply concerned to learn that two public sector banks headquartered in Kolkata are being merged with banks headquartered in Delhi and Chennai respectively without …

Union Bank of India board meet on 9 September to approve amalgamation of Andhra Bank, Corporation Bank with itself
5 years, 6 months ago

Union Bank of India board meet on 9 September to approve amalgamation of Andhra Bank, Corporation Bank with itself

Firstpost  

New Delhi: State-owned Union Bank of India on Wednesday said its Board will meet on 9 September to approve amalgamation of Andhra Bank and Corporation Bank with itself. Besides, the board would also take up the matter related to capital infusion of Rs 11,700 crore, Union Bank of India said in a regulatory filing. In a separate filing, United Bank …

Indian Bank expects to complete merger with Allahabad Bank by 31 March: Managing Director Padmaja Chunduru
5 years, 6 months ago

Indian Bank expects to complete merger with Allahabad Bank by 31 March: Managing Director Padmaja Chunduru

Firstpost  

New Delhi: State-owned Indian Bank expects to complete the merger with Allahabad Bank by the end of current fiscal, a top official said. Last week, the government announced the consolidation of 10 public sector banks into four mega state-owned lenders, including the merger of Allahabad Bank with Indian Bank. I expect that all the process should ideally be over by …

Indian Bank expects to complete merger with Allahabad Bank by March 31
5 years, 6 months ago

Indian Bank expects to complete merger with Allahabad Bank by March 31

India TV News  

State-owned Indian Bank expects to complete the merger with Allahabad Bank by the end of current fiscal, a top official said. Last week, the government announced consolidation of 10 public sector banks into four mega state-owned lenders, including merger of Allahabad Bank with Indian Bank. Indian Bank last week received a communication from Ministry of Finance that the Alternative Mechanism …

PSB mega mergers: PNB to consider Rs 18,000-cr capital infusion in board meeting on 5 September
5 years, 6 months ago

PSB mega mergers: PNB to consider Rs 18,000-cr capital infusion in board meeting on 5 September

Firstpost  

Finance Ministry has decided that PNB, OBC and UBI may consider the amalgamation of OBC and UBI into PNB New Delhi: The Punjab National Bank on Monday said the board will consider capital infusion of up to Rs 18,000 crore in its meeting later this week. “The board shall consider capital infusion up to Rs 18,000 crore in its meeting …

Opinion | Bank mergers are no silver bullet for India
5 years, 6 months ago

Opinion | Bank mergers are no silver bullet for India

Live Mint  

With every passing day, India’s economic indicators are turning a little bleaker. Thus, one of the few areas where there’s new investment may be affected, especially with a sharp rise in debt levels of the government agency that gives out the contracts. State Bank of India, the largest lender, will require ₹15,000 crore in the current fiscal year, according to …

Public sector banks' merger to act as building block for $5 trillion economy target, says Finance Secretary Rajiv Kumar
5 years, 6 months ago

Public sector banks' merger to act as building block for $5 trillion economy target, says Finance Secretary Rajiv Kumar

Firstpost  

The government on Friday unveiled a mega plan to merge 10 public sector banks into four as part of plans to create fewer and stronger global-sized lenders New Delhi: The government’s decision to consolidate 10 public sector banks into four mega state-owned lenders will act as a building block for achieving $5 trillion economy target, Finance Secretary Rajiv Kumar has …

There will not be a single job loss due to merger of banks, assures Nirmala Sitharaman
5 years, 6 months ago

There will not be a single job loss due to merger of banks, assures Nirmala Sitharaman

Firstpost  

The merger of banks will bring down the number of state-run banks to 12 from 19 after the merger of Dena Bank and Vijaya Bank with Bank of Baroda effective April 2019. Chennai: Finance Minister Nirmala Sitharaman on 1 September allayed fears of job losses following the proposed merger of public sector banks, saying not even one employee shall be …

There will not be single job loss due to merger of banks: FM Sitharaman
5 years, 6 months ago

There will not be single job loss due to merger of banks: FM Sitharaman

Live Mint  

Chennai: Finance minister Nirmala Sitharaman on Sunday allayed fears of job losses following the proposed merger of public sector banks, saying not even one employee shall be removed following the amalgamation. The move will bring down the number of state-run banks to 12 from 19 after the merger of Dena Bank and Vijaya Bank with Bank of Baroda effective April …

Nirmala's big bank reform: Will it boost the economy?
5 years, 6 months ago

Nirmala's big bank reform: Will it boost the economy?

India Today  

Four mega mergers of public sector banks, which control a two-third of India's banking in terms of advances and deposits, are meant to create a stepping stone to the government's $5 trillion GDP target. Experts suggest there should be a differentiation in terms of product category, say SME or emerging corporate focused banks or purely retail banks or large corporate …

Banks merger reflects govt resolve to address economic slowdown: India Inc
5 years, 6 months ago

Banks merger reflects govt resolve to address economic slowdown: India Inc

India TV News  

The government's move to consolidate public sector banks indicates its resolve to address the slowdown in GDP growth, as the country's economy expanded at its weakest pace in over six years in the April-June quarter of 2019-20, the industry said on Friday. A sharp deceleration in manufacturing output and subdued farm sector activity pulled down India's gross domestic product growth …

Merger can't tackle issues of low capital,higher NPAs:Analysts
5 years, 6 months ago

Merger can't tackle issues of low capital,higher NPAs:Analysts

India TV News  

Even though the mega-merger of 10 public sector banks is a step in the right direction as it will increase operational efficiencies of the merged entities, the key issues of low capital and higher bad loans will continue to plague them, say analysts. Amidst the growing signs of deepening slowdown, finance minister Nirmala Sitharaman Friday announced four new set of …

Govt unveils mega bank mergers to revive growth from 5-yr low
5 years, 6 months ago

Govt unveils mega bank mergers to revive growth from 5-yr low

India TV News  

The government on Friday unveiled a mega plan to merge 10 public sector banks into four as part of plans to create fewer and stronger global-sized lenders as it looks to boost economic growth from a five-year low. Finance Minister Nirmala Sitharaman, who had last week announced tax sops and measures for sectors such as auto, announced four new set …

After merger, there will be 12 PSU banks: Here is the full list
5 years, 6 months ago

After merger, there will be 12 PSU banks: Here is the full list

Live Mint  

The government on Friday unveiled a mega plan to merge 10 public sector banks into four as part of plans to create fewer and stronger global-sized lenders as it looks to boost economic growth from a six-year low. Oriental Bank of Commerce and United Bank merger will merge into Punjab National Bank to create a bank with ₹17.95 lakh crore …

What will change, what won’t for account holders as 10 PSU banks are merged into 4
5 years, 6 months ago

What will change, what won’t for account holders as 10 PSU banks are merged into 4

Hindustan Times  

Finance Minister Nirmala Sitharaman on Friday announced a slew of PSU bank mergers as part of consolidation efforts and said, “We want banks with strong national presence and enhanced risk appetite.” Finance Minister Nirmala Sitharaman during a media briefing on the Gross Domestic Product Index at the National Media Centre in New Delhi on Friday. The banks mergers announced by …

Mega bank merger announcement: Govt to amalgamate 10 public sector banks into four large entities
5 years, 6 months ago

Mega bank merger announcement: Govt to amalgamate 10 public sector banks into four large entities

Firstpost  

After the bank merger, only 12 PSBs will be left in India from the 27 earlier After the announcement of the foreign direct investment, in a major reform measure, the Central government on Friday amalgamated 10 public sector banks into four entities, bringing down their total number to 12 from 27 in 2017, a move aimed at making state-owned lenders …

Govt announces sweeping governance reforms for PSU bank boards
5 years, 6 months ago

Govt announces sweeping governance reforms for PSU bank boards

Live Mint  

The government on Friday announced the merger of Punjab National Bank, Oriental Bank of Commerce and United Bank of India to create the second-largest banking network in the country with 11,431 branches. "Punjab National Bank, Oriental Bank of Commerce and United Bank will be brought together and they shall form the second largest public sector bank with the business of …

10 public sector banks to be merged into four
5 years, 6 months ago

10 public sector banks to be merged into four

Live Mint  

Finance Minister Nirmala Sitharaman today announced a big consolidation of public sector banks: 10 public sector banks to be merged into four. In place of 27 public sector banks in 2017, now there will be 12 public sector banks after the latest round of consolidation of PSU banks. The government also announced capital infusion totalling over ₹55,000 crore into public …

FM Nirmala Sitharaman to address press conference at 4 pm today; likely to announce major plan for merger of PSU banks
5 years, 6 months ago

FM Nirmala Sitharaman to address press conference at 4 pm today; likely to announce major plan for merger of PSU banks

Firstpost  

In the previous term of the Modi government, five associate banks and Bharatiya Mahila Bank were merged with State Bank of India. The Narendra Modi government has reportedly prepared a major plan for merging multiple sets of PSBs and may announce it anytime soon, said a report in Business Standard quoting sources. These ten PSBs a re: Punjab National Bank, …

Modi govt's mega bank merger drive: Now there will be only 12 PSU banks
5 years, 7 months ago

Modi govt's mega bank merger drive: Now there will be only 12 PSU banks

India Today  

In second set of major policy announcements to address economic concerns, Union Finance Minister Nirmala Sitharaman on Friday announced merger of six public sector banks with four better performing anchor banks. NEW PICTURE OF PSU BANKS 1) The after the Oriental Bank of Commerce and United Bank are merged into the Punjab National Bank, it will become India's second largest …

Bank of Baroda posts Rs 710 cr net income in first earnings since merger with Dena, Vijaya Bank
5 years, 8 months ago

Bank of Baroda posts Rs 710 cr net income in first earnings since merger with Dena, Vijaya Bank

Firstpost  

The lender is looking at raising Rs 6,000 crore, which includes Rs 4,500 crore from tier 1 bonds and Rs 1,500 crore from employees stock purchase scheme in the near-term Mumbai: The second-largest state-owned lender Bank of Baroda, which had a forced merger of two smaller peers during the quarter, on Thursday reported a net income of Rs 710 crore …

Need to tap foreign capital to accelerate growth to 8%: Chief Economic Adviser KV Subramanian
5 years, 8 months ago

Need to tap foreign capital to accelerate growth to 8%: Chief Economic Adviser KV Subramanian

Firstpost  

New Delhi: Chief Economic Adviser KV Subramanian on Tuesday said there is a need to tap foreign capital to accelerate growth from the current level of 7 percent to 8 percent. In order to grow at 8 percent, we do need to trigger this and, therefore, foreign capital is something that has to be encouraged,” he said. BoB, the second-largest …

Bank of Baroda ramping up digital operations
5 years, 9 months ago

Bank of Baroda ramping up digital operations

Live Mint  

Bank of Baroda is looking to beef up its digital banking initiatives as it expands business in a competitive market. This is in line with the bank’s efforts at deploying technological solutions for business growth and increasing digital footprint. According to the bank’s annual report for 2018-19, the bank has launched a strategy of “bank-in-a-box” that would enable digitally savvy …

Union Budget likely to spell out roadmap for banking sector reforms, consolidation
5 years, 9 months ago

Union Budget likely to spell out roadmap for banking sector reforms, consolidation

Firstpost  

New Delhi: The Union Budget for 2019-20 is likely to spell out a roadmap for banking reforms, including consolidation of the state-owned lenders, with a view to enable the sector to play a pivotal role in pushing India towards $5 trillion economy, sources said. The banking sector has an important role in the reinvigorating sagging economy, the sources said, adding …

Merger impact: Bank of Baroda looks to rationalise 800-900 branches
5 years, 10 months ago

Merger impact: Bank of Baroda looks to rationalise 800-900 branches

Live Mint  

State-owned Bank of Baroda is considering the option of rationalising 800-900 branches across the country to improve operational efficiency, following its merger with Dena Bank and Vijaya Bank. It does not make sense to have branches of Dena and Vijaya at the same location when both have been merged into BoB, a senior bank official said. After comprehensive review, BoB …

India needs few mega banks to to compete globally: CEA Krishnamurthy V Subramanian
5 years, 10 months ago

India needs few mega banks to to compete globally: CEA Krishnamurthy V Subramanian

India TV News  

Batting for PSU banks' consolidation, chief economic advisor Krishnamurthy V Subramanian has said having a few good banks is a good idea as they can compete and their quality can get enhanced to compete globally with the best in the world. Taking that line of action forward, state-run Bank of Baroda became India's third largest bank after its merger with …

After merger, Bank of Baroda looks at changing work culture of Dena, Vijaya
5 years, 10 months ago

After merger, Bank of Baroda looks at changing work culture of Dena, Vijaya

Live Mint  

As Bank of Baroda starts aligning the businesses of erstwhile Dena Bank and Vijaya Bank with itself following the merger, it is also looking to instil a new work culture and make its management more accessible to employees. Two senior employees from erstwhile Dena Bank and Vijaya Bank said on condition of anonymity that the BoB management has assured them …

Bank of Baroda expects to complete integration of Dena Bank, Vijaya Bank in two years
5 years, 11 months ago

Bank of Baroda expects to complete integration of Dena Bank, Vijaya Bank in two years

Live Mint  

State-owned Bank of Baroda is likely to complete the process of merger of Dena Bank and Vijaya Bank with it in two years, said a senior official of BoB. As far as capital is concerned, the official said, the government has infused ₹5,042 crore in the bank taking care of additional expenses and maintaining minimum regulatory capital requirement. BoB, the …

More bank mergers can spur efficiency, RBI researchers say
5 years, 11 months ago

More bank mergers can spur efficiency, RBI researchers say

Live Mint  

Mumbai: More consolidation in India’s struggling banking sector will help lenders lower costs and efficiently scale their operations, said researchers at the Reserve Bank of India. “This finding provides an additional rationale for recent mergers of banks, both amongst public and private sector banks, and suggests that further avenues of consolidation in the banking sphere may be explored,” they wrote. …

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