Top three public sector banks post cheery Q1 results
State-owned lenders SBI, BoB, and PNB have all posted profits for the quarter ended June 30. Recoveries have been flat but cutting interest rates on deposits should help increase their margins.
bank of baroda
August 2019
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October 2018
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Decoding disinvestments
A detailed look at data reveals that Modi 1.0 had a far superior record on disinvestment compared to UPA 2.0.
PNB’s road to recovery
A year after it was hit by the biggest banking scandal in the country’s history, PNB chief Sunil Mehta is steering the bank towards financial stability.
Big churn at banks leaves search firms troubled
As RBI keeps a hawk’s eye, finding the right candidates for the top jobs will be a challenge.
Expect ₹1.8 lakh crore NPA recovery this year: govt
Finance minister Arun Jaitley says the government is committed to aiding and recapitalising PSU banks
Health check: The big bank merger
The proposed consolidation of Bank of Baroda, Dena Bank, and Vijaya Bank will see a mega-bank with assets of ₹606,782 crore, and combined gross non performing assets (NPAs) of ₹79,320 crore
BoB shares plummet 16% on merger proposal
Shares of Bank of Baroda took a beating, while Dena Bank’s shares received a boost following the government’s announcement suggesting a merger of the two lenders along with Vijaya Bank.
Coming up next, India’s third-largest bank
Government proposes merger of Bank of Baroda, Vijaya Bank and Dena Bank. Experts divided on whether the move will help the troubled public sector lenders.
