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Given the higher NPAs and weak capitalisation of PSBs, ICRA had earlier projected private sector banks market share in the banking sector advances to increase to 38 per cent 40 per cent by 2020 from 27.5 per cent as on March 31, 2017. (Representational image)

Merger of 3 banks: Danger lies ahead

The merger will create India's third largest bank, with total business worth Rs 14.82 lakh crores.

20 Sept 2018 1:45 AM IST

Dena Bank stock traded 1.59 per cent down at Rs 30.85 on BSE.

Dena Bank surges 20 pc; BoB tumbles 14 pc post merger announcement

Shares of Bank of Baroda dived 13.76 per cent to Rs 116.50 and Vijaya Bank lost 2.59 per cent to Rs 58.25.

18 Sept 2018 12:55 PM IST

Given the higher NPAs and weak capitalisation of PSBs, ICRA had earlier projected private sector banks market share in the banking sector advances to increase to 38 per cent 40 per cent by 2020 from 27.5 per cent as on March 31, 2017. (Representational image)

Merger of BoB, Vijaya, Dena Bank to improve efficiency, governance:...

The merged entity will have a market share of about 6.8 per cent by loans, according to data as of March 2018.

18 Sept 2018 10:58 AM IST

Shares of Bank of Baroda was trading 0.25 per cent up at Rs 138.95 on BSE.

Vijaya, Dena, Bank of Baroda in 3-way bank merger

Merged entity will be 3rd largest bank after SBI and PNB in terms of size, deposits and will continue to receive capital...

18 Sept 2018 10:29 AM IST

Finance minister Arun Jaitley speaks during a press conference in New Delhi. (Photo: PTI)

Dena Bank, Vijaya Bank and Bank of Baroda to be merged, says govt

The merged entity will have a combined business of Rs 14.82 lakh crores, with 10,000 branches and around 85,000...

18 Sept 2018 1:04 AM IST

Dena Bank is a public sector bank,

BoB, Vijaya Bank, Dena Bank merger may cause short-term spurt in bad...

The merged bank may need additional tier 1 capital depending on internal accruals for FY19.

20 Sept 2018 6:05 PM IST

Finance Minister Nirmala Sitharaman. (PTI Photo)

Govt to bring amendments to two Acts to enable privatisation of PSU...

Finance Minister announced privatisation of Public Sector Banks (PSBs) as part of disinvestment drive to garner Rs 1.75...

16 Feb 2021 10:42 PM IST

The Sensex opened higher before trading at 26,646.65 at 1100 hours, a loss of 51.17, or 0.19 per cent.

ACC, BoB and Tata Power to move out of Nifty 50

These firms would be replaced by Bajaj Finance, Hindustan Petroleum Corporation and UPL Ltd.

28 Aug 2017 6:36 PM IST

The overnight MCLR has been reduced to 8.10 per cent from 8.80 per cent.

Bank of Baroda reduces MCLR by 75 basis point

New rates by Bank to be effective from January 7 and applicable toto all borrowed accounts.

5 Jan 2017 5:32 PM IST

An Odisha court on Wednesday awarded 20 years of rigorous imprisonment each to four persons for kidnapping and raping a minor girl. (Representational image)

Death due to mosquito bite an accident: Consumer Commission

The insurer submitted before the forum that Debashish had died due to a mosquito bite and not due to an accident.

2 Jan 2017 5:24 AM IST

Shares of Bank of Baroda was trading 0.25 per cent up at Rs 138.95 on BSE.

Bank of Baroda to raise Rs 4,000 crore from bonds

Banks can write off such investments or convert them into common equity if approved by the RBI.

23 Dec 2017 11:35 AM IST

EM3 offers farm mechanisation services like land preparation, transplantation/sowing to crop harvesting and post-harvest management for small hold farmers on a pay-per- use basis.

BOB ties up with EM3 Agri for loans to boost farm incomes

BoB said the pact has been signed keeping in mind the government focus on doubling farmers' incomes by 2022.

18 April 2017 2:26 PM IST