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Merger of Public Sector Banks
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Govt. planning merger of Bank of Baroda, IDBI, OBC and Central Bank of India

Government is considering merger of four public sector banks, Bank of Baroda, Oriental Bank of Commerce, Central Bank of India and IDBI Bank. If the plan goes ahead and these four PSBs are merged, the resulting bank will be second largest bank of India after State Bank of India with Read more…

By Jai, 8 yearsJune 4, 2018 ago
Prompt Corrective Action
News

RBI puts restriction on IDBI Bank as Prompt Corrective Action

Reserve Bank of India has invoked ‘Prompt Corrective Action’ (PCA) on IDBI Bank. The PCA has been invoked by RBI due to IDBI Bank’s increasing NPAs and negative Return on Assets. IDBI Bank’s net NPAs increased to 9.61% in the December 2016 quarter from 8.32% during September 2016 quarter. The Read more…

By Jai, 9 years ago
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