LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » Companies News

PNB+Indian Bank+IOB and Canara+Syndicate+UCO mergers next? What BoB, Vijaya, Dena bank merger says

Centre will merge these banks next? As per this BoB, Vijaya, Dena Bank merger ''formula'', the answer is in the affirmative. The likely targets? PNB, Indian Bank, IOB; Canara, Syndicate, UCO

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
PNB+Indian Bank+IOB and Canara+Syndicate+UCO mergers next? What BoB, Vijaya, Dena bank merger says
The Net NPA of PNB is 10.58%, Indian Bank 3.80% and Indian Overseas Bank 15.10%. Image: Zee Business
Written By: ZeeBiz WebTeam
Updated: Tue, Sep 18, 2018
06:27 pm
New Delhi, ZeeBiz WebDesk
RELATED NEWS
PNB Peon Vacancy 2021: Recruitment process begins; Up to Rs 28,145 salary, check other details at pnbindia.in PNB Peon Vacancy 2021: Recruitment process begins; Up to Rs 28,145 salary, check other details at pnbindia.in
Punjab National Bank share price: Sharekhan maintained their hold rating with a revised price target of Rs 42 Punjab National Bank share price: Sharekhan maintained their hold rating with a revised price target of Rs 42
OBC, UBI bank account holder? What will happen to your credit and debit cards, will your User ID change? EXPLAINED OBC, UBI bank account holder? What will happen to your credit and debit cards, will your User ID change? EXPLAINED
PNB Recruitment 2021: BUMPER vacancy at Punjab National Bank! Check pay scale, dearness allowance, HRA in this bank job notification at pnbindia.in PNB Recruitment 2021: BUMPER vacancy at Punjab National Bank! Check pay scale, dearness allowance, HRA in this bank job notification at pnbindia.in
BIG Money changes from today: LPG cylinder price, ATM cash withdrawal to maybe even income tax and PPF - this will impact your wallet BIG Money changes from today: LPG cylinder price, ATM cash withdrawal to maybe even income tax and PPF - this will impact your wallet

Union Finance Minister Arun Jaitley on Monday announced the merger of three banks - Bank of Baroda, Vijaya Bank and Dena Bank. The merger of the three banks is one of the many ways through which the government is trying to deal with the bank NPA crisis. The merger of three banks clearly unveils a formula -  that the government decided to merge the three banks in accordance with their financial health. Among the three, Bank of Baroda has least NPA problem, followed by Vijaya Bank and Dena Bank. The bank merger formula, thus, will be Very big bank+ better bank+worst bank. 

Going by the same formula the government has adopted in the merger of BoB, Vijaya and Dena Bank, there are chances of the amalgamation of some more public sector banks. 

ZEE Business TV today reported two sets of probable bank mergers in future. It said that the government is mulling the merger of more banks. However, this year there will not be any further merger as the amalgamation of the first lot of three banks will itself take 3-6 months. 

1. Punjab National Bank, Indian Bank, Indian Overseas Bank

The current business of PNB, Indian Bank and Indian Overseas Bank range in Rs 10,45,650 crore, Rs 3,74,550 crore and Rs 3,61,928 crore respectively. The deposits in three banks are Rs 630311 crore, Rs 210170 crore, Rs 213168 crore respectively. 

The Net NPA of PNB is 10.58%, Indian Bank 3.80% and Indian Overseas Bank 15.10%. The number of branches of these three banks are 6,993, 2,819 and 3,326 respectively. 

2. Canara Bank, Syndicate Bank and UCO Bank 

The total business of Canara Bank, Syndicate Bank and UCO Bank is Rs 8,63,359 crore, Rs 4,74,976 crore and Rs 2,76,784 crore respectively. Deposits in the three banks are Rs 5,00,866 crore, Rs 4,05,939 crore and Rs 1,78,211 crore. 

Watch this Zee Business Video

The net NPA of Canara Bank is 6.9%, Syndicate bank 6.64% and 12.74% respectively. 

The mergers are expected to balance out excess NPAs of some banks.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Punjab National BankBank of BarodaCanara BankIndian BankIndian Overseas BankSyndicate bankDena Bank. Vijaya Bank
RELATED NEWS
PNB Peon Vacancy 2021: Recruitment process begins; Up to Rs 28,145 salary, check other details at pnbindia.in PNB Peon Vacancy 2021: Recruitment process begins; Up to Rs 28,145 salary, check other details at pnbindia.in
Punjab National Bank share price: Sharekhan maintained their hold rating with a revised price target of Rs 42 Punjab National Bank share price: Sharekhan maintained their hold rating with a revised price target of Rs 42
OBC, UBI bank account holder? What will happen to your credit and debit cards, will your User ID change? EXPLAINED OBC, UBI bank account holder? What will happen to your credit and debit cards, will your User ID change? EXPLAINED
PNB Recruitment 2021: BUMPER vacancy at Punjab National Bank! Check pay scale, dearness allowance, HRA in this bank job notification at pnbindia.in PNB Recruitment 2021: BUMPER vacancy at Punjab National Bank! Check pay scale, dearness allowance, HRA in this bank job notification at pnbindia.in
BIG Money changes from today: LPG cylinder price, ATM cash withdrawal to maybe even income tax and PPF - this will impact your wallet BIG Money changes from today: LPG cylinder price, ATM cash withdrawal to maybe even income tax and PPF - this will impact your wallet

LATEST NEWS

''The Great Gatsby'' to be made into animated feature film

''Metro Man'' E Sreedharan formally joins BJP

Robinhood added 6 million crypto users in last two months

7th Pay Commission: Salary up to Rs 1.77 lakh plus DA, HRA; check details at nta.nic.in - Delhi University Recruitment 2021

Anil Singhvi’s Strategy February 26: Day support zone on Nifty is 14,800-14,900 & Bank Nifty is 35,600-35,850

PUBG Mobile 2: PUBG Mobile New State official trailer released, pre-registration on Google Play Store | All new features, details here!

Shola Shoretire becomes Man Utd's youngest ever player in European competition

Facebook switches news back on in Australia, signs content deals

Iconic! Deepika Padukone to become Levi's global brand ambassador

Tesla's Musk says U.S. factory closed for two days due to parts shortages

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved