How did a profitable bank founded to serve small businesses in 1926 by a group of businessmen from the Vysya community - a trader caste based in southern and central India - come to this pass? T E......
As per the mega consolidation plan, Oriental Bank of Commerce and United Bank of India will merge into Punjab National Bank (PNB); Syndicate Bank into Canara Bank; Andhra Bank and Corporation Bank......
Of the total, the financial creditors - banks, bond holders and other financial institutions - have claimed Rs 86,892 crore. Illustration: Uttam Ghosh/Rediff.com Creditors to Dewan Housing Finance......
'It's a toss-up between a fire sale of equity or merger with a strong bank,' points out Tamal Bandyopadhyay. After the Reserve Bank of India rejected Indiabulls Housing Finance Ltd's plan......
All transfers and promotions for next financial year will be decided by respective banks, not by the merged entity. Illustration: Uttam Ghosh/Rediff.com The human resource integration for the......
Recession and tight liquidity has forced Bollywood to go in for cost cutting and slowdown on several projects. Filmmaker Mukesh Bhatt feels that distributors have been severely hit by the......