After mergers, banks will have to decide whether to reduce their stakes in insurance companies or exit them
The cost per employee is the highest in large public sector banks
Including consultancy companies, around Rs 5,000 crore of business could be generated
The consolidation will help create strong and globally competitive banks with economies of scale and enable realisation of wide-ranging synergies, he said
The possibility is that high calibre chief risk officers in the PSBs already earn Rs 1 crore to Rs 2 crore, whereas even SBI chairman could be earning less than Rs 30 lakh
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
Lower MTM provisioning already making these lenders attractive
If you book a new fixed deposit or take a fresh loan, the rate will be decided by the merged entity
Experts say it won't be easy to appraise general managers because the board won't be knowledgeable enough
10 banks to be merged into 4; Indian Bank & Allahabad to be one
It was mainly based on system integration that the government took a call for amalgamation, said Narayanan
Banks looking to reduce their exposure to the troubled industry have been demanding 25 per cent collateral for inventory financing
It also aims to find out the role of PSBs as active partners in the Indian growth story for the next five years
Workmen and officer unions likely to hammer out separate deals
Proposal seeks to improve human resource practices and raise funds to meet the financial needs of 19 PSBs
PSB executives said banks will look at expanding their loan books with focus on the retail, agriculture and micro, small and medium enterprises segment
Sidbi acquires Ahmedabad-based start-up at hefty premium; founders deny charges of link to govt
The training programme will contain thought leadership courses, group exercises, simulations, including role plays and situation analysis and personal explorations workshops
Unless basic reforms are initiated to change the way the PSBs work, it will be merely a waste of the taxpayers' money