Psu Banks Merger

Despite 22% jump in 3 months, analysts see more upside in Nifty PSB index

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

S&P affirms Union Bank's long, short term rating, revises SACP to 'BB-'

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

Market Ahead, April 1: Top Factors That Could Guide Markets Today

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

Market Ahead, March 30: Top Factors That Could Guide Markets This Week

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

30 committees monitoring the Canara-Syndicate Bank merger process

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

Technical trends: Is it a good time to buy public sector banks?

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.

Central Bank, Union Bank up 2% in a weak market; Canara Bank hits 52-wk low

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.

Overall market sentiment remains fragile, says Nischal Maheshwari

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

Delivering on growth a must for NextGen PSBs to attract investors

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

Demand in economy has to match credit expansion: Finance Secy Rajiv Kumar

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

How technology integration, regional synergies drove bank merger plan

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

Bank employees stage protest against govt's decision to merge PSBs

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

How the mergers will impact your bank accounts, debit cards and EMIs

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

Merger will put together banks' strength: Andhra Bank's J Packirisamy

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

Merger will create fourth largest public sector bank: Syndicate Bank MD

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

FM Sitharaman's bank mergers step will make resolution process easier

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

Amalgamating 10 govt banks into 4 entities in mega consolidation move: FM

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

Govt ready to provide capital support for PSU banks' merger, say sources

Proposals from PSBs to require in-principle approval for consolidation

Cabinet fast tracks merger of PSU banks

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

PSU banks in focus as Cabinet approves alternative mechanism for merger

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