10 public sector banks to be merged into four

[jobseeker1]

6 minutes ago, Kool_SRG said:

Man, taco uncle, r2d2 and nuvvu, are you all mods here? News post chetuu db ni live ga unchutaaru 

[Kool_SRG]

5 minutes ago, jobseeker1 said:

Man, taco uncle, r2d2 and nuvvu, are you all mods here? News post chetuu db ni live ga unchutaaru 

Vaallu Mods oh kaado teliyadu gaani nenu matuku kaadu just a normal DB member thats it

[riashli]

20 minutes ago, Kool_SRG said:

Madam garu cinema ela undi whats your review.. 

Free avvaleka poyanu aa time ki

[Aleluaya]

PNB ki 16,000 crores allocation uh, super asalu. Nirav Modi chesina appu govt kattesindhi ga..

[jalsa01]

1 hour ago, Kool_SRG said:

10 public sector banks to be merged into four

 

• Canara Bank and Syndicate Bank to be merged; Union Bank, Andhra Bank and Corporate Bank to be merged
• Punjab National Bank (PNB), Oriental Bank of Commerce (OBC) and United Bank; Indian Bank to be merged with Allahabad Bank

 

Finance Minister Nirmala Sitharaman today announced a big consolidation of public sector banks: 10 public sector banks to be merged into four. Under the scheme of amalgamation, Indian Bank will be merged with Allahabad Bank; PNB, OBC and United Bank to be merged (PNB will be the anchor bank); Union Bank of India, Andhra Bank and Corporate Bank to be merged; and Canara Bank and Syndicate Bank to be merged. In place of 27 public sector banks in 2017, now there will be 12 public sector banks after the latest round of consolidation of PSU banks. The consolidation of public sector banks will give them scale, the finance minister said.

The government also announced capital infusion totalling over ₹55,000 crore into public sector banks: PNB ( ₹16,000 crore), Union Bank of India ( ₹11,700 crore), Bank of Baroda ( ₹7000 crore), Indian Bank ( ₹2500 crore), Indian Overseas Bank ( ₹3800 crore), Central Bank ( ₹3300 crore), UCO Bank ( ₹2100 crore), United Bank ( ₹1600 crore) and Punjab and Sind Bank ( ₹750 crore).

Last year, the government had approved the merger of Vijaya Bank and Dena Bank with Bank of Baroda (BoB) that become effective from April 1, 2019. In 2017, the State Bank of India absorbed five of its associates and the Bharatiya Mahila Bank.

Here are the highlights of what the finance minister said today:

We want banks with strong national presence and enhanced risk appetite

Indian Bank to be merged with Allahabad Bank

Consolidated Indian Bank and Allahabad Bank to be 7th largest public sector bank with cRs 8.08 lakh crore business

PNB, OBC and United Bank to be merged (PNB will be the anchor bank)

Union Bank of India, Andhra Bank and Corporate Bank to be merged

Consolidated Union Bank of India, Andhra Bank and Corporation Bank to be 5th largest public sector banks with ₹14.6 lakh crore business

Canara Bank and Syndicate Bank to be merged

Consolidated Canara Bank and Syndicate Bank to be 4th largest public sector bank with ₹15.2 lakh crore business

A bank shares konochu?

[Mitron]

7 minutes ago, jalsa01 said:

A bank shares konochu?

None

[timmy]

1 hour ago, Kool_SRG said:

maa voorlo corporation bank customer service is the best, andhra bank is the worst,  andhra bank employees are reckless,careless and ill informed, I hate that bank. daanni theesukuvachi corporation bank ki kaluputhunnadu  aa bank ni kooda nasanam chesesethaaru ippudu 

[AndhraneedSCS]

Will this solve all the problems?

[walter18]

Bada babulu Dabbu eggattadam runaalu maafu cheyadam sab ka Sarath bjp men ka vikas

Indian banks wrote off a record Rs 2.54 lakh crore of bad loans in FY19 to show reduced NPAs on their books, a trend that continues into FY20 as well, data compiled by ETIG showed. State-owned banks alone wrote off Rs 1.94 lakh crore of bad loans.

[kevinUsa]

31 minutes ago, walter18 said:

Bada babulu Dabbu eggattadam runaalu maafu cheyadam sab ka Sarath bjp men ka vikas

Indian banks wrote off a record Rs 2.54 lakh crore of bad loans in FY19 to show reduced NPAs on their books, a trend that continues into FY20 as well, data compiled by ETIG showed. State-owned banks alone wrote off Rs 1.94 lakh crore of bad loans.

one person I know came to us in takign loan

 did not pay but makes good money here

had a settlement with bank and paid only 8k lakhs for the loan he took 20l

I took 8l and paid 11l with  interest.

 how do u expect the banks to be profitable

atleast principle +1 year interest pay chesina ok

 kani  this is bad.

[AndhraneedSCS]

3 minutes ago, kevinUsa said:

one person I know came to us in takign loan

 did not pay but makes good money here

had a settlement with bank and paid only 8k lakhs for the loan he took 20l

I took 8l and paid 11l with  interest.

 how do u expect the banks to be profitable

atleast principle +1 year interest pay chesina ok

 kani  this is bad.

The one person you know have no assets held by the bank for Surety?