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Saturday, April 27, 2024
TopicBank merger

Topic: Bank merger

These are the 18 sectors that have been identified as ‘strategic’ for India by Modi govt

According to the plan, in strategic sectors, there will be a maximum of four public sector units and a minimum of one unit operating. The govt plans to exit the rest. 

Nirmala Sitharaman says bank merger process underway as per schedule

Finance Minister Nirmala Sitharaman also informed that the govt is closely monitoring the impact of coronavirus on Indian economy.

Cash crunch to force more mergers and acquisitions in India, Axis says

As funding situation erodes, founders are selling businesses to deleverage, or are raising equity to gain an edge over competitors, Axis Capital says.

Merger of state-run banks ‘right move but not at the right time’, says Raghuram Rajan

Former RBI governor Raghuram Rajan says amid the economic slowdown and bad loans crisis, banks will have to focus on mergers instead of better loans.

Indiabulls and Lakshmi Vilas bank, in talks to merge, face investigation over alleged fraud

The merger is crucial for shadow lender Indiabulls, which is seeking to diversify its asset base, while Lakshmi Vilas bank needs to raise capital to meet regulatory norms.

Mega mergers fail to lure investors to public sector bank stocks

Uncertainty about the timeline of the merges and poor asset quality at the PSU banks is keeping investors away.

V Katju on Trump’s Afghan policy, K Prasad on media in Kashmir & why bank mergers is wrong

The best of the day’s opinion, chosen and curated by ThePrint’s top editors.

Shares of PNB, Canara, Union Bank of India & Indian Bank plunge after govt’s merger plans

Concerns over the Modi govt's bank integration process possibly delaying lending approvals has dampened investor sentiment.

Don’t bet on India’s new mega banks but on their rivals, investors told

Consolidation comes with many challenges and investors are advised to look for value outside the 10 banks being merged, analysts say.

Modi’s bank mergers have come too late to avoid an economic crisis

Merged banks will spend the next six months on integration. Putting their balance sheets to work and issuing new bank guarantees may take a backseat.

On Camera

Indira, Manmohan, Modi, all raised income inequality. Until Hindu fears took the driving seat

The issue of inequality has assumed the blazing limelight at a time when inequality in India is said to be higher than it was in the British Raj. It's a ripe situation for half-truths and incendiary statements.

Foreign policy resonating among more Indians in 2nd & 3rd tier towns of India, says EAM Jaishankar

Speaking at launch of economist Surjit Bhalla’s book, S Jaishankar also highlights Gen Z’s engagement with ‘reel culture’, which has 'promoted awareness, created interest in many subjects'.

Germany removes restrictions, India can now buy small arms from its firms

Germany’s erstwhile Christian Democratic Union govt, led by Angela Merkel, prevented sale of small arms to police forces in states they perceived had ‘bad human rights record’.

Frontrunner is letting the challenger define this poll campaign. Modi still hasn’t found a big theme

A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.