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.
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.
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.
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.
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.
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.
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.
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.