Apr 05, 2019 06:05 PM IST
The merged entity's net worth will be Rs 19,472 crore, with 14,302 employees and a loan book of Rs 1.23 lakh crore.
- Jan 16, 2019 02:38 PM IST
2018 witnessed generally swift and speedy approvals by the CCI. Yet again the CCI showed its maturity whether it was dealing with cases under the new Insolvency and Bankruptcy Code 2016 (Insolvency Code) or with high profile mergers such as Walmart/Flipkart and Siemens/Alstom.
- Jan 16, 2019 09:35 AM IST
In the longer run, anyone looking to come and invest in India would fancy the merged entity for their core portfolio in all probability
- Jan 08, 2019 10:36 AM IST
Most global brokerage firms have maintained their rating for Bandhan Bank, but expressed doubts about the synergies that the deal would offer
- Jan 08, 2019 09:47 AM IST
The amalgamation will result in enhancement of shareholders' value accruing from the synergy of operations, new products development, integration of technology and information
- Jan 03, 2019 02:51 PM IST
Outright privatisation will be the best option for state-owned banks, but the least the government should do is consider overhauling governance and management structures.
- Jan 03, 2019 11:13 AM IST
The swap ratio appears fair in respect to Dena Bank owing to the multiple challenges faced by the bank, and most experts feel that Vijaya Bank shareholders have nothing to gain from this merger.
- Dec 04, 2018 09:56 AM IST
Brokerages feel that the deal is likely to be EPS-accretive for HUL and investors who have a time horizon of more than a year can hold the stock with a target placed above Rs 2,000
- Oct 25, 2018 05:49 PM IST
Applications are being invited from chartered accountancy firms to value each bank and decide on the probable swap ratio.
- Sep 25, 2018 11:20 AM IST
Merger of banks is in the interest of the customers, so there is no reason to panic. When banks merge, sufficient care is taken to ensure that the impact on customers is minimal.
- Sep 17, 2018 06:43 PM IST
The announcement was made after a meeting on ‘alternative mechanism’ set up to consider consolidation in the banking sector.
- Sep 08, 2018 02:58 PM IST
The transaction will position Aurobindo as the second-largest dermatology player and the second-largest generics company in the US, by prescriptions.
- Jun 27, 2018 08:47 PM IST
A Memorandum of Understanding (MoU) to this effect was signed by Dr Saji Gopinath, CEO, KSUM and SanilChorinchath, Vice-President, Transaction Banking, YES Bank, here today.
- Jun 14, 2018 02:53 PM IST
Max Life had last week withdrawn its bid for IDBI Federal Life Insurance, after lenders refused to meet conditions put forth by the bidder
- Mar 28, 2018 07:27 PM IST
The deal was carried out between HGS Population Health LLC, USA, and CMH Services Subsidiary LLC, USA, operating under the trade name of AxisPoint Health.
- Mar 27, 2018 09:31 PM IST
Rai believes that public sector banking needs a mindset change to be more ‘nimble-footed. He says, government can't own 24 banks and that the "elephant must learn to dance"
- Mar 27, 2018 06:01 PM IST
In 2014, PJ Nayak committee report on ‘Governance of Boards of Banks of India’ recommended that Govt must distance itself from several bank governance functions
- Feb 22, 2018 08:04 PM IST
Aditya Birla Idea Payments bank is among seven entities to get a final approval from the banking regulator. Airtel Payments Bank Ltd was the first payments bank. So far, Airtel, Paytm, India Post, and Fino Payments Banks have been launched
- Feb 01, 2018 04:51 PM IST
Rising losses and dropping solvency was a trigger for PSU insurers' merger decision.
- Jan 15, 2018 02:45 PM IST
Talking about the synergies of the combined entity, V Vaidyanathan, Chairman & MD, Capital First said they would be carrying capabilities of creating retail asset.
- Nov 23, 2017 12:50 PM IST
The corporate affairs ministry's decision to exempt such deals from the ambit of the Competition Commission of India (CCI) comes against the backdrop of the proposed consolidation and stake purchases among state-owned oil and gas companies.
- Nov 04, 2017 01:08 PM IST
Banking sector during the week saw more of disappointing news of job cuts, bad loans and NPA divergences raising questions on bank auditors. Further public sector banks reported losses due to rise in bad loans
- Oct 16, 2017 08:21 AM IST
While it is common for companies not to unveil divestitures during merger announcements, T-Mobile's and Sprint's approach shows that the companies plan to enter what could be challenging negotiations with U.S. antitrust and telecommunications regulators without having made prior concessions.
- Oct 14, 2017 11:56 AM IST
RBI had pulled up Religare Finvest for outstanding loans of Rs 1,156 crore to entities given under the "influence of its promoters", flouting lending guidelines and corporate governance norms
- Oct 12, 2017 09:05 PM IST
The Bank’s board members will meet on Saturday, October 14, and most likely announce the merger deal with Bharat Financial