Search For "banks"
PSU Bank index falls 3.7 pc after merger plan, PNB and Canara Bank stocks
Updated : 6 years, 6 months ago IST
Mumbai (Maharashtra) [India], Sep 3 (ANI): Shares of public sector banks (PSBs) traded under pressure on Tuesday after the government last week unveiled a mega-plan to merge 10 of them for creating four stronger lenders with countrywide networks and global reach.
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Sensex down by over 400 points on dismal macro data, PSU bank and auto sto
Updated : 6 years, 6 months ago IST
Mumbai (Maharashtra) [India], Sep 3 (ANI): Equity benchmark indices were in the negative zone during early hours on Tuesday in line with global cues while investors remained cautious after the government last week reported 5 per cent GDP growth during the first fiscal quarter of April to
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Steering committee on fintech-related issues submits report
Updated : 6 years, 6 months ago IST
New Delhi [India], Sept 2 (ANI): The steering committee on fintech-related issues has recommended that the Department of Financial Services (DFS) works with public sector banks to bring in more efficiency and reduce security risks by leveraging artificial intelligence (AI), cognitive analyti
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Stock market closed on account of Ganesh Chaturthi
Updated : 6 years, 6 months ago IST
Mumbai (Maharashtra) [India], Sep 2 (ANI): Stock markets were closed for trading on Monday on account of Ganesh Chaturthi festival.
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FM allays concerns of job losses over merger of public sector banks
Updated : 6 years, 6 months ago IST
Chennai (Tamil Nadu) [India], Sept 1 (ANI): Union Finance Minister Nirmala Sitharaman on Sunday allayed the concerns of job losses in the wake of the merger of public banks.
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Protest in Bengaluru, Ahmedabad against bank merger
Updated : 6 years, 6 months ago IST
Bengaluru (Karnataka)/Ahmedabad (Gujarat) [India], Aug 31 (ANI): Union government's decision to merge 10 public sector banks to create four entities has irked many bank workers who were seen staging protests in different cities on Saturday.
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CPI-M opposes merger of banks, says it is meant to facilitate privatisati
Updated : 6 years, 6 months ago IST
New Delhi [India], Aug 31 (ANI): The Communist Party of India-Marxist (CPI-M) on Saturday opposed government's decision to merge 10 public sector banks to create four entities and said it is meant to facilitate privatisation of nationalised banking sector.
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Quality of consolidating PSU banks will determine their effectiveness: Moo
Updated : 6 years, 6 months ago IST
New Delhi [India], Aug 31 (ANI): The consolidation of 10 public sectors banks announced by the government is credit positive but there will not be any immediate improvement in their credit metrics as all of them have relatively weak solvency profiles, global rating agency Moody's has said.
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Finance Secretary dispels fears of job losses after merger of 10 PSU banks
Updated : 6 years, 6 months ago IST
New Delhi [India], Aug 31 (ANI): The merger of 10 public sector banks (PSBs) to form four big lenders will create more jobs and not lead to any retrenchment as being claimed by some trade unions, Finance Secretary Rajiv Kumar has said.
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Banks riddled with corruption oppress poor farmers, middle-class people: S
Updated : 6 years, 6 months ago IST
Mumbai (Maharashtra) [India], Aug 31 (ANI): The Shiv Sena on Saturday claimed that the "banks which are riddled with corruption" oppressed the poor farmers and middle-class people in the country with their "unrealistic" norms and rules.
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Merger of PSBs will unlock new potential: Shah
Updated : 6 years, 6 months ago IST
New Delhi [India], Aug 30 (ANI): Union Home Minister Amit Shah on Friday lauded Prime Narendra Modi and Finance Minister Nirmala Sitharaman after the latter announced the merger of 10 Public Sector Banks (PSBs) into four strong lenders with countrywide networks and global reach to boost c
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Government unveils merger of 10 PSU banks to become four major entities
Updated : 6 years, 6 months ago IST
New Delhi [India], Aug 30 (ANI): Government on Friday announced merger of 10 public sector banks (PSBs) into four strong lenders with countrywide networks and global reach to boost credit and revive economic growth in the nation's bid to become a five trillion dollar economy in the next f
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