Bank Merger Current Affairs, GK & News
Govt to work with RBI for Privatisation of Banks
Recently the Union Finance Minister, Nirmala Sitharaman, while addressing the business leaders, chartered accountants and tax professionals in Mumbai stated that the central government will work with the Reserve Bank of India (RBI) to execute the plan of the privatization of the banks. Highlights The minister further said, the Centre have not made plan to ..
Month: Current Affairs - February, 2021
Category: Environment Current Affairs
Topics: Bank Merger • Private Banks in India • Privatisation of Banks • Privatization • Public Sector Banks (PSBs) • Reserve Bank of India (RBI)
Cabinet Approval: Mega Consolidation of Public Sector Banks
On March 4, 2020, the Union Cabinet chaired by Narendra Modi had approved mega consolidation of 10 Public Sector Banks. Highlights The mega merger is to come into effect from April 1, 2020. It includes amalgamation of United Bank of India and Oriental Bank of India into Punjab National Bank. Also, amalgamation of Syndicate Bank ..
Month: Current Affairs - March, 2020
Category: India Nation & States Current Affairs
Topics: Bank Merger • cabinet approval • Canara Bank • Indian Bank • Indian Banking System • Non Performing Assets (NPA) • PM Modi • Union Cabinet
Induslnd Bank- BFIL merger to be effective from July
The merger of Induslnd Bank and Bharat Financial Inclusion Ltd (BFIL) will be effective from 4 July 2019. This decision to file National Company Law Tribunal (NCLT) Order on 4 July, by lender IndusInd , BFIL and IFIL with Registrar of Companies was taken by the boards of IndusInd and BFIL. Key Highlights Background: In ..
Month: Current Affairs - June, 2019
Category: Economy & Banking Current Affairs
Topics: Bank Merger • Bharat Financial Inclusion Ltd • IndusInd Financial Inclusion Ltd • Induslnd • Induslnd Bank- BFIL merger • Microfinance • National Company Law Tribunal • NCLT • Quasi-Judicial body • Registrar of Companies • Scheme of Arrangement • SKS Microfinance