Business  /  Published 21.12.20

Vijaya, Dena merger with BoB complete

Bank of Baroda (BoB), the country’s third-largest public-sector bank (PSB) by assets, has completed the integration of 3,898 branches of erstwhile Vijaya Bank and Dena Bank with itself, the lend...
By Our Special Correspondent in Mumbai

Business  /  Published 25.11.20

Government approves LVB merger with DBS

The government on Wednesday approved the merger of crisis-ridden Lakshmi Vilas Bank (LVB) with DBS Bank India Ltd (DBIL) and removed restrictions on withdrawal of deposits by depositors. The Union Ca...
By Our Bureau, Agencies in New Delhi

Business  /  Published 27.10.20

IndusInd merger buzz gathers steam

Kotak Mahindra Bank on Monday said acquiring companies and assets was one of the objectives of the capital raising exercise done during the first quarter, indicating that it is not averse to a merger ...
By Our Special Correspondent in Mumbai

Business  /  Published 09.10.20

Clix Group bids for Lakshmi Vilas Bank

Lakshmi Vilas Bank (LVB), the troubled private sector lender, on Thursday said it has received an “indicative non-binding” offer from Aion-backed Clix Group for a merger. LVB was in the n...
By Our Special Correspondent in Mumbai

Business  /  Published 07.10.20

Promoters’ share buying stirs disquiet

The fact that promoters were buying shares leading up to the announcement calls for a suo motu investigation by the market regulator Sebi, said Shriram Subramanian of InGovern, a proxy advisory and co...
By Sambit Saha in Calcutta


Business  /  Published 17.07.20

Stellantis: A star is born

The combined company resulting from the merger of Italian-American carmaker Fiat Chrysler Automobiles and France’s Peugeot owner PSA will be called Stellantis, the auto makers said on Wednesday....
By PTI & Reuters in Paris

Business  /  Published 09.07.20

Govt halts insurance trio merger for now

The government has put on hold the merger of three general insurance PSUs as it decided to infuse Rs 12, 450 crore in the ailing trio, raising the prospect of a similar recapitalisation plan for PSU b...
By Our Special Correspondent in New Delhi

Business  /  Published 01.09.19

Bad loan cloud over bank mergers

The success of the mega bank mergers announced last week would depend on how the lenders manage their bad loans, analysts said.On Friday, Union finance minister Nirmala Sitharaman had announced the am...
By Our Special Correspondent in Mumbai

Business  /  Published 31.08.19

PNB board gears up for merger

Punjab National Bank on Saturday said its board will meet on September 5 to consider the merger of Oriental Bank of Commerce and United Bank of India with itself.In a regulatory filing, the bank said ...
By Our Special Correspondent in New Delhi

Business  /  Published 30.08.19

10 PSU lenders combine to form 4 giant entities

The government on Friday announced four separate mergers of public sector banks in which 10 lenders will combine to form a quartet of new entities, with the aim to create world-class banks with strong...
By R. Suryamurthy in New Delhi


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