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PSBs consolidation News
Consolidation of PSU banks is a credit positive: Moody's
Fri, Aug 30, 2019
The scale factor should also help them invest in technology where they fare very poorly compared to their private sector peers said Srikanth Vadlamani, Vice President, Financial Institutions Group, Moody`s Investors Service.
Jaitley likely to hold meeting with bankers on Nov 11-12
Fri, Nov 03, 2017
The meeting assumes significance in the light of the recent government announcement of fund infusion in the public sector banks over a period of two years.
Jaitley-led panel will send PSBs merger proposal to cabinet every 3 months
Wed, Nov 01, 2017
Though it was only in May 2016 that effective action to consolidate state-owned banks struck headlines with six associate banks getting merged into State Bank of India in April 2017.
FinMin writes to heads of PSU banks on consolidation
Sun, Sep 03, 2017
The finance ministry has written letters to all heads of PSU lenders informing them the government's decision to set up a ministerial panel to facilitate consolidation in the public banking space.