Bank Merger
Relaiance Prospective: The story behind success of housing finance behemoth
In a press conference on June 27, HDFC's chairman Deepak Parekh said that the board of these two companies will meet on June 30 to finalise the merger and it will be effective on July 1
 "Relaiance Prospective: The story behind success of housing finance behemoth")
HDFC giants' merger is a joint-family deal made for a changing India
As the two HDFC elephants start their dance, they must be careful - not just of other banks, but of fintech rivals trying to set the tune for both lenders and borrowers.
 "HDFC giants' merger is a joint-family deal made for a changing India")
What does the HDFC-HDFC Bank merger mean for shareholders?
While the merger of HDFC twins will increase the bank's product portfolio and ability to cross-sell, there are financial and regulatory concerns that investors should know. Find out in this report
 "What does the HDFC-HDFC Bank merger mean for shareholders?")
TMS Ep143: Deepak Parekh, Covid-19 cases, HDFC merger, edge data centres
How life has come full circle for Deepak Parekh? Can we lower our guard as Covid-19 cases fall in India? What does the HDFC merger mean for shareholders? What are edge data centres? All answers here
 "TMS Ep143: Deepak Parekh, Covid-19 cases, HDFC merger, edge data centres")
Effects of HDFC-HDFC Bank merger go beyond banking: Rajnish Kumar
The finance companies, including housing finance entities, have to rely on wholesale fund-raising from the market or borrowings from banks, both of which are relatively costly
 "Effects of HDFC-HDFC Bank merger go beyond banking: Rajnish Kumar")
Banking on efficiency
HDFC Bank will benefit from higher scale
 "Banking on efficiency")
Lakshmi Vilas Bank resolution: RBI delays final merger scheme to next week
According to the draft scheme, the entire paid-up share capital of LVB will be written off
 "Lakshmi Vilas Bank resolution: RBI delays final merger scheme to next week")
Proposed LVB-DBS merger a remarkable job: RBI board member Manish Sabharwal
Sabharwal, who is the chairman and co-founder of TeamLease Services, said the move indicates that the RBI is innovating
 "Proposed LVB-DBS merger a remarkable job: RBI board member Manish Sabharwal")
Lakshmi Vilas Bank, Clix Capital reaffirm commitment to ongoing merger
Major portion of due diligence completed; application to RBI is likely in one - two weeks
 "Lakshmi Vilas Bank, Clix Capital reaffirm commitment to ongoing merger")
Fraud-hit PMC approaches other banks for possible merger: Administrator
PMC has "tried to engage with the major banks of the country to request for a merger", the bank's administrator said in a Sept 10 filing at the Delhi High Court
 "Fraud-hit PMC approaches other banks for possible merger: Administrator")
PNB appoints EY as consultant for merger with OBC and United Bank of India
"They will study the suggestion of each of the banks. If there are certain areas which need to be harmonized in tune with the industry, they will suggest that"
 "PNB appoints EY as consultant for merger with OBC and United Bank of India")
Key policy steps taken by NDA govt this year to revive a sagging economy
Macroeconomic parameters have shown that the Indian economy is going through a rough patch. Here are the key policy decisions taken by the govt in 2019, to bring the India growth story back on track
 "Key policy steps taken by NDA govt this year to revive a sagging economy")
An account closes: Allahabad Bank looks back with nostalgia before merger
The merger marks the end of a bank in which two states with contrasting identities - Uttar Pradesh and West Bengal - took equal pride
 "An account closes: Allahabad Bank looks back with nostalgia before merger")
Bank employee unions to protest against merger, go on strike on October 22
All India Bank Employees Association (AIBEA) and Bank Employees Federation of India (BEFI) said they proposed to go on strike from 6 a.m. on October 22 to 6 a.m. on October 23
 "Bank employee unions to protest against merger, go on strike on October 22")
Indian Bank gets board nod to raise Rs 5,000 cr, merge with Allahabad Bank
Indian Bank to be anchor in the merger, which will create country's seventh largest lender
 "Indian Bank gets board nod to raise Rs 5,000 cr, merge with Allahabad Bank")
Why has India's mega public sector banks merger plan failed to lure funds?
A prolonged shadow-banking crisis and hurdles in bankruptcy rules have left India holding the world's worst bad-debt pile
 "Why has India's mega public sector banks merger plan failed to lure funds?")
Banks meet on Sep 4 to discuss merger; SBI and BoB to share expertise
Lenders to be merged into a single entity to also hold separate meetings to chalk out roadmap; April 1 seen as pragmatic deadline for amalgamation
 "Banks meet on Sep 4 to discuss merger; SBI and BoB to share expertise")
Latest PSB merger could create Rs 5,000 cr business in IT outsourcing
Including consultancy companies, around Rs 5,000 crore of business could be generated
 "Latest PSB merger could create Rs 5,000 cr business in IT outsourcing")
No silver bullet: Benefits of bank mergers to be visible only in long term
Whether folding one weak bank into another will make the combined entity any stronger remains to be seen
 "No silver bullet: Benefits of bank mergers to be visible only in long term")
PNB to hold meeting on Sept 5 to consider merger with OBC, United Bank
The government on Friday unveiled a mega plan to merge 10 public sector banks into four as part of plans to create fewer and stronger global-sized lenders
 "PNB to hold meeting on Sept 5 to consider merger with OBC, United Bank")
