Updated : 1 week, 5 days ago IST
Singapore, Sept 4 (ANI): Moody's Investors Service on Wednesday took rating actions on Canara Bank, Oriental Bank of Commerce (OBC), Punjab National Bank (PNB), Syndicate Bank and Union Bank of India (Union Bank) that will undergo mergers as announced by the government.
Mumbai (Maharashtra) [India], Sept 4 (ANI): India Ratings and Research (Ind-Ra) said on Wednesday the amalgamation of 10 public sector banks (PSBs) along with implementation of specific measures on governance reforms could improve their performance on a sustainable basis, subject to the succ
Updated : 1 week, 6 days ago IST
Male [The Maldives], Sept 3 (ANI): Director of India Foundation Shaurya Doval said on Tuesday that it is natural for a robust economy like India to go through upheavals while expanding from three trillion dollars to five trillion dollars in the next five years.
Mumbai (Maharashtra) [India], Sep 3 (ANI): Equity benchmark indices suffered bruising losses on Tuesday in all-round selling led by bank, financial, metal and auto stocks after the government last week reported 5 per cent GDP growth during the first fiscal quarter of April to June.
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.
Updated : 2 weeks ago IST
Mumbai (Maharashtra) [India], Sep 2 (ANI): Stock markets were closed for trading on Monday on account of Ganesh Chaturthi festival.
Updated : 2 weeks, 1 day 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.
Updated : 2 weeks, 2 days 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.
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.
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
Updated : 2 weeks, 3 days 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
Updated : 1 month, 1 week ago IST
New Delhi [India], Aug 9 (ANI): While the government has infused huge capital in public sector banks (PSBs), the funds have largely been used to mitigate losses and failed to contribute meaningfully to credit growth, according to India Ratings and Research (Ind-Ra).