March 2017 Current Affairs
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February 2017 Current Affairs
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January 2017 Current Affairs
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December 2016 Current Affairs
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Government likely to merge 27 PSU banks into 6 banks : Report

Government likely to merge 27 PSU banks into 6 banks : Report
07 March 2016 Current Affairs: With public sector banks under pressure to tackle their dismal bad loan scenario, consolidation is the way forward, and this could bring down the number of lenders to about six from the present 27, participants in the recently-held Gyan Sangam, a retreat for chiefs of public sector banks and financial institutions. The BBB, which will independently oversee consolidation and chalk out business plans for public sector banks, is set to be put in place by April 1, 2016.At present, public sector banks are fighting with each other for market share, but with so many payments and small finance banks coming in, the need is to consolidate and focus on strengthening the balance sheets to create big banks.The finance ministry is already looking to merge the newly-launched Bharatiya Mahila Bank. The government has maintained that it would not have any role to play in the merger exercise of public sector banks. The official said that in case certain banks show unwillingness, despite plans being chalked out by the BBB and the expert committee, then the government would intervene.


March 2017 Current affairs
23 MAR
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22 MAR
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21 MAR
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20 MAR
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18 MAR
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17 MAR
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February 2017 Current affairs
28 FEB
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27 FEB
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25 FEB
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23 FEB
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January 2017 Current affairs
31 JAN
NEWS
30 JAN
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28 JAN
NEWS
27 JAN
NEWS
25 JAN
NEWS
24 JAN
NEWS

December 2016 Current affairs
31 DEC
NEWS
30 DEC
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29 DEC
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28 DEC
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27 DEC
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26 DEC
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November 2016 Current affairs
30 NOV
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29 NOV
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28 NOV
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