Bank stocks in demand, surge up to 4%
The government on Wednesday decided to set up an alternative mechanism to oversee the proposals for consolidation of public sector banks (PSBs) with a view to creating fewer but stronger lenders.
Aug 23, 2017, 20:40 PM IST
Cabinet gives in-principle nod for public sector banks merger
In the context of massive accumulation of bad loans by state-run banks, the Union Cabinet on Wednesday gave an "in principle" approval for their consolidation by merging some of the public sector lenders, Finance Minister Arun Jaitley announced.
Aug 23, 2017, 14:55 PM IST
Government looking at merger of two big PSU banks after cleanup of bad assets
Government may merge two large state banks in the coming fiscal year once a cleanup of bad assets has run its course.
Oct 11, 2016, 12:44 PM IST
