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Bank merger News
Can PSU bank merger help them outshine private banks' deposit growth?
Mon, Aug 28, 2017
Moody's believes that PSU bank merger will be credit positive but banks still need a lot of money for recapitalisation.
Public sector banks shares rise as Govt gives in-principle approval for mergers
Wed, Aug 23, 2017
Shares of public sector banks (PSBs) rose in trade on Wednesday afternoon as the government gave an in-principle approval for mergers between various PSBs.
State Bank of India sees profit boost in three years after bank units merged
Thu, Apr 13, 2017
The head of State Bank of India , the country`s largest lender, said she expects a boost to annual profit of as much as 30 billion rupees ($465 million) in three years on cost and efficiency gains from the absorption of associate banks.
India eyes merger of two big state-run banks after debt cleanup
Tue, Oct 11, 2016
India may merge two large state banks in the coming fiscal year once a cleanup of bad assets has run its course, the official overseeing a turnaround of the sector told Reuters, days before a new process to resolve stressed assets goes live.