2017 will have to raise the bar in terms of deal-making. 2016 was about headline-grabbing numbers breaking record highs. Both M&A volumes and dry-powder reserves beat the previous years and it would be safe to...
Bank of Baroda in talks to buy Central Bank’s housing finance arm
Looking to strengthen its position in the home loan segment, Bank of Baroda is in talks to buy a majority stake in Cent Bank Home Finance (CBHFL), the housing finance subsidiary of Central Bank of India, say sources...
Associate banks’ merger: SBI must understand the ABCD of customer retention
Firms operating at the world’s leading shipbreaking yard in Gujarat’s Alang had a horrid time after State Bank of Saurashtra (SBS) was merged with the State Bank of India in 2007. These ship breaking units were premium...
Axis Bank in talks to sell Mswipe stake
Mumbai: Private sector lender Axis Bank Ltd is looking to sell its approximately 8% stake in Mswipe Technologies Pvt. Ltd, a mobile payments services provider, two people aware of the development said. “The bank wants...
Malvinder and Shivinder Singh in talks to sell Religare Finvest for Rs 6,000 crore
NEW DELHI | MUMBAI: Brothers Malvinder and Shivinder Singh have approached financial and strategic investors to sell Religare Finvest for as much as Rs 6,000 crore, said people aware of the matter. The non-banking...
Two large PSU banks may merge, says Vinod Rai
The Centre may merge two large state-run banks in the coming financial year once a clean-up of bad assets has run its course, the official overseeing a turnaround of the sector told Reuters, days before a new process to...
Mergers no quick fix for banking sector issues: Assocham
The government should focus on making the banking system stronger and give them independence to find their own solutions instead of stressing on mergers, industry body Assocham said in a report released here on...
SBI merger: the winners and losers
What has surprised the market on State Bank of India’s merger announcement was the timing more than the ratio. Analysts expected an announcement in FY17, but fast-tracking the entire process has been a pleasant surprise...
There is no harm in merger of banks: R K Takkar
UCO Bank has been grappling with significantly high NPAs for quite some time. The bank is expecting some high-value accounts ,which have slipped into NPA, to recover through resolution and the recently introduced S4A...
Customers will benefit with the subsidiaries’ merger with SBI
State Bank of Travancore (SBT),the only public sector bank head-quartered in Kerala, was established in 1945 as the Travancore Bank Ltd. It became a subsidiary of State Bank of India (SBI) under the SBI Subsidiary Banks...
RBI’s Master Directions Merger of Private Sector Bank
In exercise of the powers conferred by Section 35A of the Banking Regulation Act, 1949 and pursuant to the Section 44A of the Banking Regulation Act, 1949, Reserve Bank of India (RBI) has issued the Master Directions to...
Bank Mergers: The need of the Hour
Context of merger and rising NPAs The steep rise in bad loans or non-performing assets (NPAs) of state-run banks has weighed on the economic development of the country as these banks hold more than two-thirds of...