Public Sector Mergers In India: Does Size Bring Synergies?

In June 2017, the $23 billion Vodafone-Idea Cellular merger got the go ahead from the Competition Commission of India. A few days later, the government announced a .....»»

Category: blogSource: valuewalkAug 12th, 2017

Public sector, Central Govt officers to launch agitation against "privatisation moves"

The officer cadre in the public/ Central Government sectors is growing restive over ‘suspected moves’ aimed at large-scale mergers/ privatisation. The All India Public Sector And Central Governmen........»»

Category: topSource: thehindubusinesslineAug 6th, 2017

It"s the season of mergers in India"s public sector landscape

Consolidation has reversed a long spell of setting up new enterprises by each new govt in New Delhi.....»»

Category: topSource: business-standardApr 4th, 2017

Letter to BS: Buck passing between RBI and MoF on public sector banks

The earlier India understood the spirit of the concerns expressed by Dr Urjit Patel in his speech.....»»

Category: topSource: business-standardMar 19th, 2018

Govt-as-investor in public sector banks

The fundamental point is that India's PSBs need to be cleaned up and made saleable before the government can think of divesting a large part of its ownership in the restructured banks.....»»

Category: topSource: business-standardMar 14th, 2018

Bank of India: Rs 70-bn NPA recovery may not move the needle much in Q4

Shares of Bank of India, which are down a third since the fraud at Punjab National Bank was reported (February 14), an event that hit other public sector banks (PSBs) too, surged 15 per cent before closing 7.4 per cent up on Tu.....»»

Category: topSource: business-standardMar 13th, 2018

PNB fraud fallout: Loan disbursements to corporate India take a hit

public sector banks have scaled down activities like extending trade credit, guarantees and letter of credit.....»»

Category: topSource: business-standardMar 9th, 2018

News digest: PNB fraud, war against fakes, right to die, and more

Loan disbursals to India Inc are taking a hit at this crucial time of fiscal year end, as banks, especially public sector lenders, have turned defensive in the aftermath of the PNB fraud.....»»

Category: topSource: business-standardMar 9th, 2018

Bandhan: Banking on lowest strata of credit market for its ambitious IPO

In its IPO filing, Bandhan Bank has valued itself at about Rs 450 billion-higher than any public sector bank, expect State Bank of India.....»»

Category: topSource: business-standardMar 9th, 2018

Don"t waste the bank scam crisis

Think out of the box and bring in serious changes in the governance of public sector banks.....»»

Category: topSource: business-standardMar 7th, 2018

Letter to BS: Who wants public sector bank reforms, anyway?

Who is preventing a wholesale overhaul of public sector banks (PSB) to bring them on par with the best among the world-class commercial banks?.....»»

Category: topSource: business-standardMar 5th, 2018

PSBs write off Rs 5.16-bn NPAs of 38 wilful defaulters in H1FY18

State Bank of India accounts for over 27 per cent of the total amount owed to public sector banks by wilful defaulters as of March 2017.....»»

Category: topSource: business-standardMar 4th, 2018

Letter to BS: Check for fraud in NPAs above Rs 500 mn, says govt

The government of India as the owner has the responsibility to ensure a smooth functioning of public sector banks.....»»

Category: topSource: business-standardMar 1st, 2018

Public sector banks need to improve governance infrastructure: SBI chief

Talking about State Bank of India, Kumar said SBI has a good risk mitigation architecture.....»»

Category: topSource: business-standardMar 1st, 2018

Rs 114-bn scam: PNB says will not appoint PwC India as forensic auditor

The second largest public sector bank found itself in a fix after PwC emerged lowest bidder for the audit.....»»

Category: topSource: business-standardFeb 23rd, 2018

Gitanjali Gems was a partner for Vibrant Gujarat Summit 2017: Congress

New Delhi, 23 FebruaryThe Congress party on Friday alleged the bank fraud involving jewellers Nirav Modi and Mehul Choksi not only siphoned Rs 213 billion from public sector banks, but also cheated India's middle class of Rs 50 bill.....»»

Category: topSource: business-standardFeb 23rd, 2018

Goldman cuts price targets for public sector banks

A $2 billion fraud at the bank that surfaced days after India's largest lender posted a surprise loss has led to sharp declines in the National Stock Exchange's gauge of state-run bank stocks.....»»

Category: topSource: business-standardFeb 22nd, 2018

PNB scam: Fitch places bank"s rating under watch with negative implications

The move could lead to a possible downgrade for Punjab National Bank, India's second-largest public-sector bank.....»»

Category: topSource: business-standardFeb 20th, 2018

PNB, Gitanjali Gems, D B Corp among 17 stocks that hit 52-week low

Six public sector banks include Allahabad Bank, Corporation Bank, Dena Bank, Oriental Bank of Commerce and Union Bank of India touched 52-week lows on the BSE......»»

Category: topSource: business-standardFeb 15th, 2018

Merger of three PSU general insurers likely before next fiscal-end

The merger of the three public sector general insurance companies - National Insurance Company (NIC), United India Insurance and Oriental Insurance Company - is likely to be completed before the next financial year.The chiefs o.....»»

Category: topSource: business-standardFeb 13th, 2018

LIC Housing, Corporation Bank among 29 stocks that hit 52-week low

Shares of five public sector banks such as Allahabad Bank, Bank of Maharashtra, Corporation Bank, Punjab & Sind Bank and United Bank of India too hit 52-week lows on BSE......»»

Category: topSource: business-standardFeb 2nd, 2018