Finance blog

banking

Will the mega bank mergers be executed within the targeted deadline of 1st April, 2020?

The Government has embarked upon a new mega bank merger exercise which was originally expected to be concluded by the 1st of April, 2020. However, it is still unclear as to whether the mergers will be successfully executed within this targeted timeline. Along with vital regulatory approvals which usually require anywhere between 1-2 months, the […]

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MCLR rates reduced by Union Bank of India

Union Bank of India, one of the most well-known public sector banks (PSBs) in the country, has officially reduced its MCLR (Marginal Cost of Funds-based Lending Rate) sometime earlier. The announcement was made by Union Bank of India after the RBI (Reserve Bank of India) kept the key policy rate absolutely unchanged as part of […]

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