Budget Announcement on PSU Bank Consolidation: Expectations for IOB, UCO, BOI, BOM, and Central Bank Merger Plans

Budget Announcement on PSU Bank Consolidation: Expectations for IOB, UCO, BOI, BOM, and Central Bank Merger Plans

by | Dec 15, 2025 | Bank of Maharashtra, Canara Bank, Central Bank of India, Indian Overseas Bank, Punjab National Bank, State Bank of India, UCO Bank

The Indian government is expected to make significant announcements regarding the merger of Public Sector Banks (PSBs) in the upcoming budget. The merger of banks such as Indian Overseas Bank (IOB), UCO Bank, Bank of India (BOI), Bank of Maharashtra (BOM), and Central...
An investigation into the alleged Union Bank fraud case, involving Anmol Ambani, is currently underway by the Central Bureau of Investigation (CBI)

An investigation into the alleged Union Bank fraud case, involving Anmol Ambani, is currently underway by the Central Bureau of Investigation (CBI)

by | Dec 9, 2025 | Punjab National Bank, State Bank of India, Union Bank of India

The Central Bureau of Investigation (CBI) has filed a fraud case against Jai Anmol Ambani, the elder son of Anil Ambani and chairman of the Reliance Group, for allegedly defrauding Union Bank of India of ₹228.06 crore. The case claims that companies linked to Reliance...
Budget Announcement on PSU Bank Consolidation: Expectations for IOB, UCO, BOI, BOM, and Central Bank Merger Plans

Major Development in PSU Bank Consolidation: IOB, UCO, BOI, BOM, and Central Bank Under Consideration for Merger – What’s the Timeline for the Next Phase of PSB Consolidation?

by | Dec 4, 2025 | Bank of Baroda, Bank of Maharashtra, Canara Bank, Central Bank of India, Indian Overseas Bank, Punjab and Sind Bank, Punjab National Bank, State Bank of India, UCO Bank

The Indian government is planning to initiate the next phase of public sector bank (PSB) mergers, with several banks on the radar, including Indian Overseas Bank (IOB), UCO Bank, Bank of India (BOI), Bank of Maharashtra (BOM), and Central Bank of India. The merger of...
Budget Announcement on PSU Bank Consolidation: Expectations for IOB, UCO, BOI, BOM, and Central Bank Merger Plans

Should SBI, PNB, and BOB Lead the Next PSU Bank Merger, and What’s the Future for BOI, IOB, BOM, and UCO?

by | Nov 21, 2025 | Bank of Baroda, Bank of Maharashtra, Indian Overseas Bank, Punjab National Bank, State Bank of India, UCO Bank

The Indian government’s plan to merge public sector banks (PSBs) has been a topic of discussion in recent years. The goal is to create larger, more efficient banks that can compete with private sector banks. The recent merger of 10 PSBs into four larger banks...
Consolidation of PSU Banks: SBI Chief Suggests Additional Mergers Could Be Beneficial As Government Considers Major Overhaul | Business News

Consolidation of PSU Banks: SBI Chief Suggests Additional Mergers Could Be Beneficial As Government Considers Major Overhaul | Business News

by | Nov 17, 2025 | Bank of Baroda, Bank of Maharashtra, Canara Bank, Central Bank of India, Indian Overseas Bank, Punjab National Bank, State Bank of India

The chairman of the State Bank of India (SBI), CS Setty, has expressed support for the Indian government’s plan to merge smaller public sector banks with larger lenders. In an interview with Bloomberg, Setty stated that there is a need for further...
Consolidation of PSU Banks: SBI Chief Suggests Additional Mergers Could Be Beneficial As Government Considers Major Overhaul | Business News

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

by | Nov 11, 2025 | Bank of Baroda, Bank of Maharashtra, Canara Bank, Central Bank of India, Indian Overseas Bank, Oriental Bank of Commerce, Punjab National Bank, State Bank of India

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...