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Public sector banks (PSBs) wrote off Rs 2.41 lakh crore worth of loans between April 2014 and September 2017, the Rajya Sabha was informed on Tuesday.

Fingers crossed over next wave of bank mergers

Currently there are nine banks still placed under the prompt corrective action (PCA) framework of the RBI.

19 Sept 2018 11:26 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

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

State Bank chairperson Arundhati Bhattacharya

SBI chief says mergers can reduce PSBs' need for govt capital

Merger of the state-run banks should open up more capital generation avenues, both internally and from market.

23 Aug 2017 10:28 AM IST

Bank customers across the nation have complained that several banks are refusing to accept more than the said amount despite providing detailed explanations. (Photo: PTI/File)

'Sans fund infusion, PSB mergers won't improve capitalisation'

Govt owns majority stakes in 21 banks and merger of some of them is being considered for broader economic revival.

28 Aug 2017 1:46 PM IST

SBI Cards is also in the process of speeding up customer acquisition process by reducing the delivery period so that more and more people are added to the network.

'Govt ready to provide capital support for PSU banks' merger'

State-owned banks are grappling with Rs 6 lakh crore worth of non-performing assets or bad loans.

27 Aug 2017 2:12 PM IST

DCB Bank has revised downward its MCLR across tenors with overnight loans attracting 8.35 per cent interest rates. (Representational Image)

Mergers of small banks may hurt MSME sector: report

Disadvantages of big banks are that services are less personable and local people abstain from reaching out to them.

5 Aug 2017 5:10 PM IST

Idea and Vodafone

Idea Cellular seeks NCLT nod for merger with Vodafone India

Deal gives Vodafone India an implied enterprise value of Rs 82,800 crore and Idea Rs 72,200 crore.

8 Aug 2017 4:26 PM IST

Idea and Vodafone

Idea-Vodafone deal gets conditional go-ahead from Sebi

Multi-layered deal was announced in March and recently got clearance from the fair trade regulator CCI.

8 Aug 2017 9:29 AM IST

The two unlisted associate banks which will be merged with SBI are State Bank of Patiala (SBP) and State Bank of Hyderabad (SBH).

Merger with SBI: State Bank of Travancore to shut shop

Bank said there would not be any change in customers' accounts, passbooks and cheque books.

31 March 2017 3:45 PM IST