 "Banking sector mergers and NPA mess: Should you invest in PSU banks now?")
Banking sector, it seems, is poised for consolidation in the days ahead. After the government merged State Bank of India and its associates, reports suggest that it may now merge smaller banks like Dena Bank, Vijaya Bank, UCO Bank, Union Bank of India and United Bank of India with Canara Bank and Bank of Baroda. READ THE REPORT HERE
The markets, however, gave a lukewarm reaction to the development. Canara Bank and Bank of Baroda lost nearly 1% each on the National Stock Exchange (NSE) in intra-day deals at Rs 353 and Rs 171 levels, respectively. On
The markets, however, gave a lukewarm reaction to the development. Canara Bank and Bank of Baroda lost nearly 1% each on the National Stock Exchange (NSE) in intra-day deals at Rs 353 and Rs 171 levels, respectively. On
