PSB Merger

In public, bankers exude confidence and say everything is hunky-dory, but the rising defaults in a few pockets don't exactly suggest this

The health scare would taper-off in India also in a matter of a few weeks/months, based on the quantum of spurt in the initial stages and also depending upon the possible role of temperature.

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

Merged entity likely to report 8-10% credit growth, better asset quality next fiscal; equity offering by December

In August last year, Finance Minister Nirmala Sitharaman had announced merger of 10 banks

Stressed MSME assets will not be labelled NPAs till March 31, 2020

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

While the market is looking at near-term implications of the merger like the pace of lending activity, banks are more concerned with long-term issues

There will be very little overlap in terms of branches or network, since the geography focus has been different, says Indian Bank's Padmaja Chunduru

The central government has to consult the RBI before formulating a plan for PSB merger

RBI nod in place, Jaitley-led group of ministers to give final approval soon

Opposing the merger of these three banks, nearly one million bank employees and officers will take part in a nation-wide srike on Dec 26, says AIBEA

The proposals cleared by the committee will be submitted to the Cabinet every quarter

Move to create large banks aims at meeting credit needs of growing Indian economy

PNB, Canara Bank, Union Bank and Indian Bank seen as candidates to lead the process