Investment growth moderated slightly in the economy during the first quarter (Q1) of the current financial year (2023-24, or FY24), notwithstanding the front-loading of capital expenditure (capex)......
Banks are also weighing the option of hiring experts for help in specialised areas. Illustration: Uttam Ghosh/Rediff.com Public sector banks (PSBs) named for merger by the government have formed......
The combined entity is set to be the third largest bank in India, behind State Bank of India and ICICI Bank.Somesh Jha & Abhijit Lele report. Illustration: Uttam Ghosh/Rediff.com The brand names......
Vijaya Bank assured employees that the service conditions ‘will remain unaffected and staff benefits retained’ Illustration: Uttam Ghosh/Rediff.com In an effort to soothe nervousness......
The recent three-bank merger seems to be grossly negative for Vijaya Bank and Bank of Baroda in the short term, as the negative net worth of Dena Bank will have to be absorbed by the merged entity......