Finance minister Arun Jaitley believes the merger of three public sector banksBank of Baroda, Vijaya Bank and Dena Bank will create a strong entity and boost the weakest among them (Dena Bank), but not everyone is convinced.
According to him, the government did not favour a merger of weak banks, and so came up with the idea of merging two strong banks with a weak one to create India’s third largest bank with a total business of Rs 14.82 lakh crore.
Dena Bank is one of the 11 public sector banks put under the Prompt Corrective Action (PCA) framework of the Reserve Bank of India (RBI). Banks are put under PCA when they breach key regulatory requirements relating to capital adequacy ratio (a measure of a bank’s available capital expressed as a percentage of its credit exposures), return on assets and non-performing assets (NPAs). Banks under PCA are restricted from issuing fresh loans, expanding branches or recruiting more staff. In April last year, five of the State Bank of India’s subsidiaries were merged into the parent bank.
هذه القصة مأخوذة من طبعة October 08, 2018 من India Today.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة October 08, 2018 من India Today.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
ARTS AND THE MAN
In his centenary year, F.N. Souza: The Archetypal Artist tries to make sense of the recurring themes in the artist’s work
The Reluctant Art Critic
Advertising executive, art critic and possible catalyst of the modern Indian art movement, Rudolf von Leyden was an intriguing figure in pre-Independence Bombay
PORTRAIT OF AN ARTIST & POET
ANINDYO ROY’S THE VICEROY’S ARTIST IS A FICTIONALISED ACCOUNT OF EDWARD LEAR’S TRAVELS IN INDIA
Lady of the Light
This artist has transformed the humble bulb into a thing of beauty
S'more to Think Of
Called Marshmallow, this penthouse in Gurgaon with soft curves and plush aesthetics stays true to its name
A Marvelous Melange
From stylish living quarters to multipurpose adaptive space, this home in Mumbai turns every nook into a showstopper
TECH MEETS TEXTURE
Smart fabrics and intelligent textiles are changing the way we view home furnishings
Refresh and Revive
That old table, those cabinets or even the console can be given a new lease of life, one that is tailor-made to the latest trends
Standout Spaces
Want dramatic interiors but don’t know how? This home in Mumbai becomes a lesson in learning the nuances of adding magic inside.
Vernacular Wise
Forget international brands and design, the beauty and simplicity of local materials and ancient techniques is gaining momentum