Finance blog

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 […]

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Restrictions placed on Central Bank of India by RBI

The Reserve Bank of India (RBI) has placed restrictions on the Central Bank of India through a swift corrective measure, which limits banking activities including hiring, lending and branch expansion. The PCA (prompt corrective action), according to the Reserve Bank of India, has been reportedly spurred through the negative returns on assets and the high […]

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