Home - Tag Archives: Bank Merger

Tag Archives: Bank Merger

Are these Seven Banks Hotlisted for Merging ?

Public Sector Bank merging is the need of the hour and panel on state run bank merger headed by finance minister has directed the banks to examine proposals for amalgamation. The final schemes formulated will be approved by the central government, and laid in both the houses of Parliament. The consolidation of struggling state-run banks, which have a market share of about ...

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Post Merger – Government Wants To Keep 10-15 Big Size Public Sector Banks

If rely on the word of Sanjeev Sanyal, Principal Economic Advisor, Finance Ministry – Government wants to have 10-15 public sector banks with government’s majority stake, down from 21 at present, as part of its plan to consolidate banks. Further, No very weak bank would not be merged with a strong one “as it could pull the latter down.While deciding on the consolidation, ...

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Finance ministry Issued Notices to Public Sector Bank’s To Start Merging

Based on the recent cabinet approval for merging of Public Sector Banks in India, Finance Ministry has issued the notices and written letter to all heads of State run bank to set up a ministerial panel to facilitate consolidation in the public banking space. This communication is being made in order to activate the motion of bank consolidation process. Main aim of setting ...

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Cabinet approves Guidelines For Merger of Public Sector Banks

bank-merger

Guidelines for Merger of Banks in India – Union Government has announced that the framework along with guidelines is finalized for consolidation & Merger of public sector banks. Finance minister Arun Jaitely has informed the media about the proposed decision and told that the decision was taken at the Cabinet meeting. Mr Arun jaitely stated that the consolidation would enable ...

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Government Says “No Merging Of Public Sector Banks” this year

Government of India, Ministry of finance said that there is no plan for merging of any of the Public Sector Banks. Minister of state for finance Santosh Kumar Gangwar said in a written reply to the Lok Sabha that there is no such proposal under the consideration of the government for consolidation of PSBs at present. Minister also informed that SBI ...

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Possible Merger of These 7 Public Sector Banks Soon

If believe the recent reports, these seven public sector banks (PSB) will be merged within six months i.e. United Bank of India, Indian Bank, Bank of Maharashtra, Central Bank of India, Punjab and Sind Bank, Indian Overseas Bank and UCO Bank. The main reason for possible merging is that seven PSBs, especially United Bank of India, could miss the August deadline to ...

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Government Asks Larger Public Banks To Merge Small Banks

Indian Banking system is currently focused under the cloud of merger and each day started with a fresh rumor. Now Finance Ministry has asked the larger big four Public Sector Bank i.e. Bank of Baroda, Canara Bank, Bank of India and Punjab National Bank to look after the possibility of merging of small and mid sized banks by 31st December. ...

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Four Public Sector Banks are about to Merge by December

Finance Ministry, Government of India has announced the deadline for additional four public sector bank (PSB) merging by December this year. This time they have picked  Punjab National Bank (PNB), Bank of Baroda (BOB) , Bank of India (BOI) and Canara Bank as the larger entity and possible acquirers. Recently these these banks along with few regional have made presentations ...

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