Latest Bank Update: Will Indian Overseas Bank, Central Bank of India, and Bank of India Merge with SBI and Canara Bank?

Latest Bank Update: Will Indian Overseas Bank, Central Bank of India, and Bank of India Merge with SBI and Canara Bank?

The Indian government is planning a major overhaul of the country’s banking system by merging smaller public sector banks with larger ones. Finance Minister Nirmala Sitharaman emphasized the need for a world-class banking system, with the goal of expanding...
Government to Accelerate PSBs’ Fundraising Efforts with Roadshows Slated for Next Week, Boosting Economy

Government to Accelerate PSBs’ Fundraising Efforts with Roadshows Slated for Next Week, Boosting Economy

The Indian government is gearing up to accelerate its fund-raising plans for public sector banks (PSBs) through a series of investor roadshows, starting next week. The Department of Investment and Public Asset Management (DIPAM) will lead the effort, with its...