PSU Banks Merger

Among individual shares, Bank of Baroda, Canara Bank, State Bank of India, Indian Bank, and Union Bank of India soared between 21 per cent and 34 per cent during the period

The bank's capital buffers have weakened due to the its merger with Andhra Bank and Corporation Bank earlier this year

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Starting today, automobile companies will starting releasing sales numbers for March. According to a Business Standard report, these auto sales for the month could see a 50 per cent YoY

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In terms of macro data, PMI data for the manufacturing sector is scheduled to be released on Thursday

After the merger, the combined entity will also see a higher number of chief general managers

Since the announcement on August 30 made post market hours, stocks of Punjab National Bank, Union Bank of India, Oriental Bank of Commerce, and others have seen a sharp slide at the bourses.

So far in CY2019, the Nifty PSB index has underperformed the benchmark Nifty50. The former has plunged 24 per cent YTD, as against a 0.6 per cent decline in the latter.

The announcement of consolidation of PSBs is certainly a step in the right direction, says Maheshwari

Analysts cite examples of SBI and BoB to indicate how the mergers could be value-depletive for investors in the near term

We have budgeted Rs 70,000 crore for this year, says Finance Secretary Rajiv Kumar

PNB will take over OBC and UBI to become the country's second-largest lender after SBI in terms of business

AIBEA general secretary C H Venkatachalam alleged the merger of public sector banks would mean closure of six banks

If you book a new fixed deposit or take a fresh loan, the rate will be decided by the merged entity

Our capital to risk (weighted) assets ratio, or CRAR, is good, says Andhra Bank MD

There were discussions in general since a few months, said Syndicate Bank MD Mrutyunjay Mohapatra

Often the resolution process gets stuck with many smaller players not agreeing with the majority view

After today's mergers, the count of government-owned banks will come down to 12 from 27 in 2017

Proposals from PSBs to require in-principle approval for consolidation

Govt promises no job losses; mergers by share swaps, no cash deals

Allahabad Bank, Syndicate Bank, Indian Overseas Bank and Bank of India were up more than 3%.