Friday, Sep 29, 2023 | Last Update : 06:27 PM IST

bank merger

'Modi government taken landmark steps in past 100 days,' says Sitharaman

Sitharaman said creating a robust infrastructure is imperative for a fast-growing economy like India.

11 Sep 2019 9:41 AM

Centre sets up panel headed by Jaitley to oversee state banks' merger

India has 21 public sector banks, which account for more than two-thirds of the country’s banking assets.

01 Nov 2017 7:09 PM

PSU bank mergers should be done after balance sheet clean up: Raghuram Rajan

Rajan also suggested that decisions need to be made by those who understand the banking system.

12 Sep 2017 4:52 PM

Bank Union opposes Alternative Mechanism, says it may wreck banks

Union Cabinet on Wednesday said an Alternative mechanism will be set up to oversee consolidation of banks.

24 Aug 2017 6:23 PM

Cabinet clears 'Alternative Mechanism' to oversee bank mergers

The decision to set up the AM follows SBI merging its five associate banks, as also the Bharatiya Mahila Bank, with itself. 

23 Aug 2017 7:09 PM


Banks threaten to go on strike on Tuesday, services may suffer

All unions have threatened to go on strike against government's proposed consolidation move besides raising other demands.

20 Aug 2017 4:47 PM

Consolidation of PSU banks to be initiated post Q1 results

Factors like regional balance, geographical reach, financial burden and smooth transition have to be considered before merger.

09 Aug 2017 7:01 PM

Government pushes PSBs to explore acquisition of smaller banks

Large PSBs like Punjab National Bank, Bank of Baroda, Canara Bank and Bank of India could look for potential candidates for acquisition.

18 Jun 2017 1:05 PM