Mergers and acquisitions Current Affairs, GK & News
RBI rejects Lakshmi Vilas Bank-Indiabulls Housing Finance merger plan
The Reserve Bank of India (RBI) rejected the merger proposal between Lakshmi Vilas Bank and mortgage lender Indiabulls Housing Finance Limited. If the RBI would have approved the move, this would have been the first-ever incident where a non-bank lender would have merged with a bank in the country. Poor Performance of banks: Both Lakshmi ..
Topics: Indian Economy • Mergers and acquisitions • Prompt Corrective Action • RBI
Decline in FDI Inflow
For the first time in the last six years, the foreign direct investment (FDI) in India has declined. The FDI inflow declined by 1 per cent to $44.37 billion in 2018-19. Why there was a decline in FDI Inflow? The decline in the FDI inflow is attributed to: Stressed financial condition of the telecom sector. ..
Category: Economy & Banking Current Affairs
Topics: FDI • Foreign direct investment • generic medicines • Mergers and acquisitions • NPPA • Pharmacy Sector • Telecom sector
Union cabinet approves merger of Vijaya Bank and Dena Bank with Bank of Baroda (BoB)
On 2nd January 2019, the Union Cabinet approved the merger of Vijaya Bank and Dena Bank with Bank of Baroda (BoB). With the merger, BoB will become the third largest bank after State Bank of India and ICICI Bank. The move will help create a strong globally competitive bank with economies of scale and enable ..
Category: Government Schemes Current Affairs
Topics: Bank • Bank of Baroda • CNX Nifty • Companies • Dena Bank • Economy • Economy of India • ICICI Bank • Mergers and acquisitions • Vijaya Bank
Differential Voting Rights (DVR) Shares
A DVR share is like an ordinary equity share, but it provides fewer voting rights to the shareholder. The objective of issuing DVR shares is for prevention of a hostile takeover and dilution of voting rights. It also helps strategic investors who do not want control, but are looking at a reasonably big investment in ..
Topics: Corporate finance • Corporate law • Equity securities • Finance • Financial markets • Issued shares • Mergers and acquisitions • Money • Share capital • Stock dilution • Stock market • Takeover