Finance blog

Banking

Canara Bank may integrate two smaller lenders

The Government is considering the creation of a larger bank in next consolidation exercise for public sector banks. The Government is mulling the takeover of smaller lenders like Dena Bank and Vijaya Bank by the state-run Canara Bank to create a bigger entity. According to senior government officials, the discussions on this aspect have already […]

Read More

Finance Ministry views presentations from Dena, Canara, Syndicate and Vijaya Banks on proposed consolidation

Four state run banks, namely Canara Bank, Syndicate Bank, Dena Bank and Vijaya Bank have already made their presentations before the Finance Ministry with regard to their proposed consolidation plans. Niti Aayog, the Government think tank, has been tasked with providing its suggestions on this consolidation/amalgamation of these public sector banks. Senior government officials have […]

Read More