Public sector banks or PSBs have been facing somewhat choppy waters in recent years due to a mix of several reasons right from long-standing NPAs and over-exposure to stressed assets to non-performance. The Indian Government has been attempting to salvage the situation in collaboration with the Reserve Bank of India (RBI) which is the apex […]
Banking & Industry News Updates
Corporation Bank and Indian Bank may be merged into Oriental Bank of Commerce
The Indian banking sector has been on a major wave of consolidation over the last 2-3 years. The Central Government has been pushing through several Government reforms in collaboration with the country’s apex bank, the RBI (Reserve Bank of India). The merger of India’s largest bank, State Bank of India (SBI) with the Bharatiya Mahila […]
More ATMs are downing shutters; is the concept still relevant in the age of online banking?
India has never felt the need of ATMs more than on the 8th of November, 2016, when the five hundred and thousand rupee currency notes were pulled off from the economy. It will be a while before hundreds and thousands of Indians will be able to get over the picture of standing in front of […]
SBI cuts home loan rates twice within a month
SBI (State Bank of India) has definitely brought some good cheer to customers in recent times with some major announcements. This is akin to a festive season in advance for home loan borrowers who are seeking lower interest rates and tenors in turn. SBI cuts home loan interest rates SBI (State Bank of India) has […]
Will there be a merger of PNB, BOI and Union Bank of India?
In a mega move towards further consolidation of public sector banks, the Government is reportedly mulling over a proposal to merge Union Bank of India, Punjab National Bank (PNB) and Bank of India (BOI). It goes without saying that merging these three banking sector titans will naturally create another huge banking entity with a gargantuan […]
