Organic growth takes time and may increase the operating expenses of small finance banks. In a scramble for deposits and intensive competition in lending, SFBs have to look for inorganic growth.
Indian Bank on February 11 alerted customers that they may face inconvenience later this week as it will carry out the software migration.
The bank also said the board has fixed March 25 as the date for issuing and allotting its equity shares to the shareholders of the two other banks.
However, the country's largest lender, the State Bank of India (SBI) has said in a notice to the exchanges that the impact of the proposed strike on its operations is expected to be minimal.
The sale is expected to bring in Rs 700 crore for state-run lender Andhra Bank
For customers, the wait for lower monthly loan installments just got longer.
Follow the IL&FS episode and the merger of three banks, the way to go for the finance ministry is to say the following: Sorry, we also messed up the lending business, like our predecessors. The buck stops with us
While there are clearly benefits in this merger, it is important to also note that the mergers of this kind is not a panacea for all the challenges facing PSBs—especially the problem of NPAs
Public sector banks are reeling under pressure of stressed assets. Many banks are in a fragile condition due to excessive lending and ballooning NPAs.
SC stayed insolvency proceedings against Jaypee Infratech, RBI declared HDFC Bank as “too big to fail bank” but RBI’s former head Raghuram Rajan stole the cake talking about demonetisation at the launch of his book “I Do What I Do”
Rajan spoke as he released his book “I Do What I Do” based on compilation of his speeches and his commentary on the reform, rhetoric and resolve.
Raghuram Rajan's new book talks about reforms, rhetoric and resolve through a compilation of his speeches delivered while at the helm of the central bank.
Merger proposals to largely constitute factors such as capital strengths, geographical presence, asset quality, IT compatibility and human resource transition of the banks
The nationwide strike called upon by nine bank unions on Tuesday saw major participation of nearly 10 lakh employees and officers of public sector banks across 10,300 branches in the country.