Sitharaman said creating a robust infrastructure is imperative for a fast-growing economy like India.
11 Sep 2019 9:41 AM
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
Rajan also suggested that decisions need to be made by those who understand the banking system.
12 Sep 2017 4:52 PM
Union Cabinet on Wednesday said an Alternative mechanism will be set up to oversee consolidation of banks.
24 Aug 2017 6:23 PM
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
All unions have threatened to go on strike against government's proposed consolidation move besides raising other demands.
20 Aug 2017 4:47 PM
Factors like regional balance, geographical reach, financial burden and smooth transition have to be considered before merger.
09 Aug 2017 7:01 PM
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