Merger Of Banks

The planned mergers would result in one regional rural bank in each state, according to a banker

Of the two big changes expected this year, one has just occurred and created a juggernaut bigger than Morgan Stanley

HDFC Bank reported a 20.1 per cent year-on-year increase in net profit to Rs 10,605.8 crore in July-September

Integration of balance sheets to be effective from April 1; bank boards to meet soon to finalise the share swap ratio

One advantage of the merger cited by the banks to the government is that their capital base would go up

"The insurance companies shall make suitable arrangements with the acquiring banks to this effect," said the the Insurance Regulatory and Development Authority of India (Irdai)

After the merger, the combined entity will also see a higher number of chief general managers

Indian Bank is the acquiror while Allahabad Bank is the transferor

The mergers have created a problem as many of these banks are promoters of insurance companies

Banks to take cue from merger of BoB, Vijaya Bank, and Dena Bank

PSBs are part of the overall universe and cannot be insulated against the ongoing trend

The PSBs are expected to focus on infrastructure financing, credit growth, financial inclusion, and digital transactions

The decision was taken in a meeting of 10 PSBs, who are part of the latest merger process, with finance ministry officials in Mumbai on Wednesday

Banks are also weighing the option of hiring experts for help in specialised areas

Fear of credit growth, particularly for larger banks, spooked PSB stocks on Tuesday

It appears as if the government is rushing with such moves only to divert the attention of the public from the economic crisis

Neither the timing nor the manner justifies it

Including consultancy companies, around Rs 5,000 crore of business could be generated

The track record of this government has given us enough reason to be sceptical about another experiment with merging PSBs

Mergers of weak banks do not address tomorrow's challenges