Indian Banking System Current Affairs, GK & News

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 ..

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Global Macro Outlook for 2019 and 2020

Moody’s has released its quarterly Global Macro Outlook for 2019 and 2020. The outlook highlights the following points about India: Indian economy is expected to grow at 7.3 per cent in the calendar year 2019 and 2020. The proposed government spending ahead of elections in 2019 will support near-term growth. India is less exposed to ..

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