Indian Banking & Finance News
Ahead of the biggest merger of the banking sector, the employees of the Allahabad bank showed their disappointment towards it and protested in front if the head quarters of the bank. Now, the cheif executives of the Allahabad Bank And Indian bank have came forward and handled the matter. They told employees that this merger … Read more Allahabad Bank and Indian Bank kept a Town hall meeting for employees
Allahabad bank has finally approved the merger of the Indian bank with Allahabad Bank. Its going to be the biggest amalgamation as the resultant would make it to the seventh largest public sector bank of the country. On 30th August, Finance Minister Nirmala Sitharaman announced the amalgamation of the 10 state banks into four large … Read more Allahabad Bank Approved the Merger with Indian Bank
As per the recent reports, the co founder of the Yes Bank is in talks with Paytm owner Vijar Shekher Sharma to sell him the stakes of the Yes bank. As per the media, Rana Kapoor approached the Paytm owner to sell his and his family’s stakes for Rs. 1800- 2000 crores. The price of … Read more Rana Kapoor to sell Yes Bank’s Stakes to Paytm
Recently on mergers of the state Bank, the former Reserve Bank Of India Governer YV Reddy said that these mergers would not solve the governance issue. And it has been a global experience that mergers are found to be ineffective in such case. At 6th SBI Banking and economic conclave he said “I won’t call … Read more Merger of State Banks are not going to solve Governance issue- Reddy
For the first time, the public sector Oriental Bank of Commerce (OBC) has come clean on its loan exposure to the absconding diamantaires Nirav Modi and his uncle Mehul C. Choksi, here on Friday. The development comes ahead of the OBC’s upcoming merger with the Punjab National Bank (PNB) which – in February 2018 – … Read more Oriental Bank Exposed its Loan Exposure to Nirav Modi-Choksi
State Bank of different cities have already got merged with the State Bank of India. Still there are some which are now in the list to get merged with the leading bank State Bank of India. The State Bank of Hyderabad was also the one which was merged with the state bank of India. This … Read more After Hyderabad, Andhra Pradesh is in the list
Finance Minister Nirmala Sitharaman announced a big news for the banks today. She an-nounced that 10 public sector banks will soon get merged into four. In this scheme of merger, Indian Bank will be merged with Allahabad Bank (anchor bank – Indian Bank); Andhra Bank and Corporation Bank to be merged (anchor bank – Union … Read more 10 Public Sectors Bank are going to get Merged