Gå ubegrenset med Magzter GOLD
Få ubegrenset tilgang til over 9000 magasiner, aviser og premiumhistorier for bare
Prøve GULL - Gratis
Govt weighs merging Union Bank-BoI to create new No. 2 bank
Mint Hyderabad
|October 29, 2025
ministry of finance didn't respond to queries emailed on 21 October.
-
The discussions are part of a decades-long process of banking reforms in India that were set rolling in 1991. The latest milestone in the chronology of such reforms was the amalgamation of associate banks into SBI in 2017, when it was signalled that the mega-merger would be followed by more such deals.
"Contrary to perceptions that the [earlier] plan had been shelved, the finance ministry is working on a fresh blueprint on bank consolidation. The aim is to strengthen public sector banks through scale and efficiency, not just size. So, parameters such as optimisation of operations and synergies are being stressed in any consolidation exercise," the second person said.
A third person confirmed the discussions and the names of the banks specifically being considered for mergers and those for privatization.
Denne historien er fra October 29, 2025-utgaven av Mint Hyderabad.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA Mint Hyderabad
Mint Hyderabad
Ola's battery packs get certification
Ola Electric on Tuesday said it has secured ARAI (Automotive Research Association of India) certification for its indigenously developed and manufactured “4680 Bharat Cell’ battery packs in a 5.2kWh configuration.
1 min
October 29, 2025
Mint Hyderabad
Microsoft deal values OpenAI at $500 billion
Microsoft and OpenAI reached a deal to allow the ChatGPT maker to restructure itself into a public benefit corporation, valuing OpenAI at $500 billion and giving it more freedom in its business operations.
1 min
October 29, 2025
Mint Hyderabad
Oil India eyes stake in BPCL's refinery in AP
State-run Bharat Petroleum Corp. Ltd (BPCL) is exploring a plan to jointly develop its proposed greenfield refinery and petrochemical complex in Andhra Pradesh with public sector explorer Oil India Ltd (OIL).
1 min
October 29, 2025
Mint Hyderabad
Skyroot readies India's maiden private rocket launch in January
Three years after India opened up its space sector to private companies, Hyderabad-based Skyroot Aerospace will conduct its first commercial satellite launch in January, becoming the only Indian entity other than Indian Space Research Organisation (Isro) to accomplish the feat.
1 min
October 29, 2025
Mint Hyderabad
Blume Ventures eyes $275 mn fund
Blume Ventures, the 15-year-old venture capital company, has made the first close of its fifth fund at $175 million and is on track to complete a final close of up to $275 million by early 2026, according to a top official.
1 min
October 29, 2025
Mint Hyderabad
Apple becomes third stock in history to top $4 trillion in value
Apple Inc. shares rose as much 0.4% to hit $4 trillion in market value, making the iPhone maker only the third public company in history to reach the milestone.
1 mins
October 29, 2025
Mint Hyderabad
Skyroot readies India's maiden pvt satellite launch by January
to a different set of clients that will approach the government consortium for space launches. But on the private front, it will be a question of which launch provider has the more superior, more reliable technology,\" Chandana said.
1 min
October 29, 2025
Mint Hyderabad
DoT to roll out caller ID feature for 4G, 5G
Nationwide trials of CNAP have been completed; 2G users to be left out
2 mins
October 29, 2025
Mint Hyderabad
Credit card UPI lifts RuPay volume mkt share to 38%
Homegrown credit card network RuPay has quietly wrestled market share from Visa, MasterCard and American Express, leveraging its exclusive access to India's fast payments network Unified Payments Interface or UPI.
1 mins
October 29, 2025
Mint Hyderabad
Investors tempted to buy gold shouldn't expect glittery gains
Gold is not as safe an investment at this juncture as it might seem
3 mins
October 29, 2025
Listen
Translate
Change font size