PSB Mergers

Mudra scheme target set at Rs 3 trillion for FY22 as against Rs 3.21 trillion sanctioned in FY21

The six banks are Syndicate Bank, Oriental Bank of Commerce (OBC), United Bank of India, Andhra Bank, Corporation Bank, and Allahabad Bank

The integration of the core banking solution platform would take slightly longer time as the merged entity had an older version of this platform, PNB chief said

The government will refrain from distress sale of its entities, especially if they are in strategic sectors

The consolidation, that will merge 10 PSBs into four, comes at a time when the country and financial system is grappling with adverse fallout of the Covid-19 pandemic.

Banks working towards merging balance sheets before April 1

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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.

Allahabad Bank-Indian Bank deal to be determined

The Union Cabinet, she said, has given a go-ahead for the merger proposal and the government has been in regular touch with these banks

PM wants to review outcome of BoB amalgamation before taking a final call

This will be the biggest merger exercise of PSBs, which was announced by Finance Minister Nirmala Sitharaman in August 2019

Among the key monitorables, analysts would watch out for an update on integration and merger of United Bank of India and Oriental Bank of Commerce with PNB.

According to sources, promotions and transfers till scale four at officers' level for the financial year 2020-21 is being decided by individual banks

The upcoming Union Budget may provide for another round of recapitalisation

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

Their credit operations have been typical of a herd mindset with most of their boards loath to furrow an independent path, opting instead for the so-called comfort zone of consortium lending

The govt's silence on the road map to change the governance structure of state-run banks make experts wary of the road ahead

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

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