Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Saraswat, New India merger gets RBI nod
Mint Hyderabad
|July 02, 2025
Saraswat Bank will take over NICBL's assets and liabilities by Aug-Sep 2025, aiming to protect depositor interest
Saraswat Co-operative Bank Ltd said on Tuesday it will acquire the beleaguered New India Co-operative Bank Ltd (NICBL), in a relief to depositors who were unable to fully access their funds after the central bank imposed restrictions following a ₹122-crore scam.
The Reserve Bank of India (RBI) has given its in-principle approval after Saraswat Bank approached the central bank with its proposal for the amalgamation, and a final nod will depend on the shareholders of both banks.
This story is from the July 02, 2025 edition of Mint Hyderabad.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Hyderabad
Mint Hyderabad
Nuclear recharge: Let's hedge our import bets
India's new nuclear law aligns our framework with global norms and looks set to revive a languishing source of clean energy. But don't give up on efforts to minimize import reliance
2 mins
December 19, 2025
Mint Hyderabad
Vishal Mart’s ascent is steady
Vishal Mega Mart Ltd has completed a year on the stock exchanges, and investors can scarcely complain.
2 mins
December 19, 2025
Mint Hyderabad
TVS Supply Chain moves NCLAT
TVS Supply Chain Solutions has moved appellate tribunal NCLAT, challenging an NCLT order which had rejected its plea to initiate insolvency against the Indian unit of telecom gear manufacturer ZTE.
1 min
December 19, 2025
Mint Hyderabad
Food delivery sees a 27% increase in employment
The sector directly employed 1.37 million workers in 2023-24, a 12.3% CAGR expansion
1 mins
December 19, 2025
Mint Hyderabad
Adani Infra to raise $1 billion via dollar bonds
Adani Infra is a subsidiary of Adani Properties Pvt Ltd (APPL), which is in turn held by the S.B. Adani Family Trust, a key promoter entity of the Adani Group.
1 mins
December 19, 2025
Mint Hyderabad
L Catterton bets on Haldiram Snacks
Consumer-focused global investment firm L Catterton has invested an undisclosed amount in Temasek-backed Haldiram Snacks Food Pvt. Ltd and entered into a strategic partnership, as private equity interest in India’s snacks and packaged foods sector continues to rise.
1 min
December 19, 2025
Mint Hyderabad
Accenture AI revenue tops $1 bn in Sep-Nov
The firm said it will stop disclosing standalone AI revenue going forward
2 mins
December 19, 2025
Mint Hyderabad
JSW Energy to raise project capacity
JSW Energy on Thursday announced plans to double the capacity of its Salboni thermal power project in West Bengal to 3,200MW, with the total investment expected to rise to around ₹40,000 crore, marking one of the largest private-sector power investments in the state.
1 min
December 19, 2025
Mint Hyderabad
Mitsui to bet on AM Green's clean push
Backed by the founders of Greenko, AM Green has signed a memorandum of understanding with Japan’s Mitsui & Co. for strategic collaboration on energy transition initiatives and potential investment pathways in low-carbon aluminium, the company said in a statement on Thursday.
1 min
December 19, 2025
Mint Hyderabad
Cash-rich Bharti Airtel eyes zero debt as Vodafone Idea borrows to stay afloat
appointing Gopal Vittal as executive vice chairman and Shashwat Sharma as chief executive officer effective 1 January 2026, along with a string of other changes in top management.
3 mins
December 19, 2025
Listen
Translate
Change font size