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Bank of Baroda to appoint consultants to help revamp structure
The bank will likely ask consultants to help lower its cost-income ratio by up to 10% in the next two years in light of the merger synergies.
40% CAGR return for a decade! 12 ideas if you want to think long term
20 of today’s Nifty constituents are highly likely to be booted out ove...
Bank of Baroda to completely digitise lending operations
The validation and disbursal of fresh loans will happen via this digital platform wh...
Bank of Baroda tumbles into red with Rs 1,407-cr net loss on higher provisions
Erstwhile Dena and Vijaya banks were merged into BoB effective April 2019 and profit last year has been consolidated to reflect the amalgamated entity.
Stocks in the news: Indiabulls Housing, Adani Gas, YES Bank and TV18 Broadcast
Bharti Airtel has submitted conditional bids of around Rs 9,500 crore for RCom's telecom assets.
Bank of Baroda integrates 30,000 employees of Vijaya, Dena Banks in 7 months
To begin with, BoB brought the entire set-up under a four-tier structure that it originally had, created more zones and regions, and adopted a unified reporting structure. “This exercise we did in April helped smoothen the other business processes and systems that had to be aligned,” said Roy.
PNB board to consider Rs 18,000 crore capital infusion this week
It comes against the backdrop of the government's announcement on August 30 about merging 10 public sector banks into four entities
Big bank mergers positive, but anchor lender stocks to take a knock: Analysts
The banking consolidation will result in the merger of 10 banks into 4 banking behemoths.
10 PSBs merger notice this week to create four big lenders
“We are expecting the government to notify the merger this week,” United Bank of India managing director Ashok Kumar Pradhan said. The banks will need to follow regulatory formalities to protect the interest of minority shareholders.
Banks get no respite as Q3 slippages rise
State Bank of India saw its slippages — new bad loans — almost double sequentially to Rs 16,525 crore. Likewise, Axis Bank recognised slippages of Rs 6,214 crore in the December quarter. Kotak Mahindra Bank put new additions in bad loans at Rs 1,062 crore in the third quarter.
Dena Bank, Vijaya Bank among top losers on BSE
In the Nifty pack, 29 stocks were trading in the green, while 21 stocks were in the red.
Traders expect Vijaya, Dena Bank shares to fall today
The share swap ratio was announced after the stock markets closed on Wednesday.
Cabinet approves the merger of Vijaya Bank & Dena Bank with Bank of Baroda
Dena Bank's shareholders will receive 110 equity shares of BoB of face value Rs 2 for every 1,000 shares they held.
Oriental Bank of Commerce requests FinMin to give new name for merged entity: CEO
"We have requested Finance Minister Nirmala Sitharaman that the name of the new bank to be created after amalgamation is either different from the three banks or it should reflect the old identity of the three banks, so that a sense of equal participation appeared in the name," bank's CEO and MD Mukesh Kumar Jain said.
SBI suggests Resolution Professional for Uttam Galva Steels
State Bank of India, one of the financial creditors to Uttam Galva Steels, on Thursday submitted its suggestion for an insolvency resolution professional (IRP) for the company to the National Company Law Tribunal.