United Stock Exchange of India: GK, General Studies and Current Affairs

Finance Ministry to infuse Rs. 5042 crore into Bank of Baroda

The government will infuse around Rs. 5000 crore into Bank of Baroda, which will be merged with two other public sector banks Dena Bank and Vijaya Bank. This merger would be effective from 1st April and is further aiming to create the third-largest lender after State Bank of India and ICICI Bank. The Ministry of ..

The Government of India proposes to merge BoB, Dena Bank and Vijaya Bank

The Government of India (GoI) has proposed to merge state-owned Vijaya Bank, Dena Bank and Bank of Baroda (BoB) to create India’s third largest lender as parts of reforms in the public sector banking segment. The decision was taken at the meeting of a ministerial panel headed by Finance Minister Arun Jaitley which oversees merger ..

Current Affairs : Business and Economy November 19-24, 2009

November 19, 2009 : Some latest data on Agricultural Credit The target agricultural credit to be disbursed among the farmers across the country during the current fiscal year 2009-10 was approximately Rs. 3.25 Lakh Crore. Out of this amount Rs 1.38 lakh crore have been disbursed up to September which is about 42.41% of the ..

Banking & Finance Update

April 17, 2009: RBI Turns Net Foreign Exchange BuyerApril 18, 2009 : RBI widens scope of unsecured loansApril 20, 2009 : IFC-backed funds to pick up equity in Indian infra projects April 20, 2009 : Meltdown hits Rs 5,500cr solar power project in BengalApril 21, 2009 : Economy to grow at 5.7% in FY10, as ..