Canara Bank and Syndicate Bank
PNB with OBC and United Bank of India
Union Bank with Andhra Bank and Corporation Bank
Showing posts with label Bank Merger. Show all posts
Showing posts with label Bank Merger. Show all posts
Friday, August 30, 2019
Bank Merger Updates Live -
*Indian Bank and Allahabad Bank merged.
* Sitharaman said the government is trying to create big next generation banks
* Government also announced Rs55,250 crore upfront capital for credit growth & regulatory compliance to support economy.
* Big banks with enhanced capacity to increase credit and bigger risk appetite, with national presence and global reach
*Government's intention not just to give capital but also give good governance.
* There is no government interference in commercial decisions of banks, says Sitharaman.
* Gross NPA level has come down heavily.
*Govt monitoring large loans to avert frauds.
* Sanctioning and monitoring of loans are separated.
* Special agencies formed to monitor loans above Rs 250 crore to avoid a Nirav Modi like situation.
* Eight public sector banks have launched repo-rate linked loans in the last one week.
* Four NBFC have already found liquidity solution through a settlement with banks.
* Govt taking steps to make a clear path to achieve a target of $5 trillion economy.
* Sitharaman said the government is trying to create big next generation banks
* Government also announced Rs55,250 crore upfront capital for credit growth & regulatory compliance to support economy.
* Big banks with enhanced capacity to increase credit and bigger risk appetite, with national presence and global reach
*Government's intention not just to give capital but also give good governance.
* There is no government interference in commercial decisions of banks, says Sitharaman.
* Gross NPA level has come down heavily.
*Govt monitoring large loans to avert frauds.
* Sanctioning and monitoring of loans are separated.
* Special agencies formed to monitor loans above Rs 250 crore to avoid a Nirav Modi like situation.
* Eight public sector banks have launched repo-rate linked loans in the last one week.
* Four NBFC have already found liquidity solution through a settlement with banks.
* Govt taking steps to make a clear path to achieve a target of $5 trillion economy.
Public Sector Bank Merger Announcement 30th August 2019 - LIVE
Today's Bank Mergers List 30th August 2019
OBC and United Bank of India will be Merged with PNB
Syndicate Bank will be
merged with Canara Bank
Andhra Bank and
Corporation Bank will be merged with Union Bank of India
Allahabad Bank will be
merged with Indian Bank
Following Banks will Continue as present now
Cenral Bank of
India
Bank of India
Indian Overseas
Bank
UCO ( United
Commercial ) Bank
Punjab & Sind
Bank
Bank of
Maharashtra
Bank of India
Indian Overseas Bank
UCO ( United Commercial ) Bank
Punjab & Sind Bank
Bank of Maharashtra
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