ECONOMY
10 public sector banks to be merged into four
- Team PT
10 public sector banks to be merged into four



Finance Minister Nirmala Sitharaman today announced a big consolidation of public sector banks: 10 public sector banks to be merged into four. Under the scheme of amalgamation, Indian Bank will be merged with Allahabad Bank; PNB, OBC and United Bank to be merged (PNB will be the anchor bank); Union Bank of India, Andhra Bank and Corporate Bank to be merged; and Canara Bank and Syndicate Bank to be merged. In place of 27 public sector banks in 2017, now there will be 12 public sector banks after the latest round of consolidation of PSU banks. The consolidation of public sector banks will give them scale, the finance minister said.

The government also announced capital infusion totalling over 55,000 crore into public sector banks: PNB (16,000 crore), Union Bank of India (11,700 crore), Bank of Baroda (7000 crore), Indian Bank (2500 crore), Indian Overseas Bank (3800 crore), Central Bank (3300 crore), UCO Bank (2100 crore), United Bank (1600 crore) and Punjab and Sind Bank (750 crore).

Last year, the government had approved the merger of Vijaya Bank and Dena Bank with Bank of Baroda (BoB) that become effective from April 1, 2019. In 2017, the State Bank of India absorbed five of its associates and the Bharatiya Mahila Bank.
 

Disclaimer : PunjabToday.in and other platforms of the Punjab Today group strive to include views and opinions from across the entire spectrum, but by no means do we agree with everything we publish. Our efforts and editorial choices consistently underscore our authors' right to the freedom of speech. However, it should be clear to all readers that individual authors are responsible for the information, ideas or opinions in their articles, and very often, these do not reflect the views of PunjabToday.in or other platforms of the group. Punjab Today does not assume any responsibility or liability for the views of authors whose work appears here.

_______________________________________________________________

Most shared Punjab Today articles:
 

KYUN KE HUM HAIN HINDUSTANI

Three Women of 1984

 FROM 1984 TO BARGARI - Hurt & angry, we’ve tried rage, anger. Did we miss karuna?   

REVISITING 1984 – RIOT AROUND A POLE     

KARTARPUR SAHIB: A CLARION CALL FOR PEACE IN AN AGE OF CYNICISM

If it could happen to Arun Shourie, imagine what could they do to you?

Healers & Predators – The Doctor is In, & is very corrupt

Amarinder, Badals, AAP — Every party in Punjab is now an Akali Dal

Welcome to 1947. Happy Independence Day. Would you like to step out?

In Pakistan, a donkey pays for democracy – bleeding, its nostrils ripped apart

WOOING THE PANTH: Amarinder a little less Congressy, Akali Dal a little more saffron

"Captain Amarinder Singh ji” and "Rahul”: Reading Sign Language In A Relationship

The Comrade In Punjab - Lost, Irrelevant, Asleep, Even Bored!

WATERS ROYALTY - The Loot that Rajasthan Committed

AMARINDER GOVT's LOVE FOR FARMERS, AND MY DAD's FOR HIS SCOOTER

OF SUNNY KID & HORSE SENSE: The Punjab-Punjab Ties 
A SAFFRON JOURNEY VIA CANADA

TRUDEAU VISIT AND RIGHT-WING MEDIA MACHINE

OF NIRMAL SINGH'S EYES 

Mr. CHIEF MINISTER, PLEASE CALL OFF JANUARY 7 FUNCTION
BAD, BAD WOMAN! 

MR PRESIDENT, PLEASE TAKE BACK HIS GALLANTRY MEDAL

 

_______________________________________________________________


Punjab Today believes in serious, engaging, narrative journalism at a time when mainstream media houses seem to have given up on long-form writing and news television has blurred or altogether erased the lines between news and slapstick entertainment. We at Punjab Today believe that readers such as yourself appreciate cerebral journalism, and would like you to hold us against the best international industry standards. Brickbats are welcome even more than bouquets, though an occasional pat on the back is always encouraging. Good journalism can be a lifeline in these uncertain times worldwide. You can support us in myriad ways. To begin with, by spreading word about us and forwarding this reportage. Stay engaged.

— Team PT
 


 







Comment by: samir sardana

95% of the NPA and Bank Frauds in North India upto the borders of the Vindhyas are on account of Bania vermin ! No one talks of the said statistic as every media house is owned and managed by banias or has 75% of the advert revenue from Banias

The entire banking system is designed as a wealth transfer system to move funds from Indian clowns in SB accounts and Fancy Bonds – which funds Banias ,who steal the money for Netas ,and then avail of CDR/OTS

Which is Y I support the 26/11 attacks on Hindoosthan ! They were designed to kill the Bania filth (Marwari-Gujarati-Kayastha scum) at one shot.

Kasab and his ilk lost the plot – as they started the rape orgies. They lost focus.

It is the Bania filth who worked as spies for each invader into Hindoosthan ! They also funded the wars of the Mughals and Sakas and Huns. There is not one 1 record in history of them having stood up for anything !

The Birlas,Goenkas,Jindals,Bajajs and other bania filth built their empire by sending their women to Nehru for his peccadilos.They also funded Ambedkar in London – result that – Ambedkar spoke not one word against the Bania vermin !

The Bania loot the banking system as a matter of right using netas and suck the blood of the poor by the route of arhatiyas and traders in the agri supply chain and then on on all food & consumer goods value chains as price gougers,hoarders, contaminators, counterfeiters etc.Since these vermin manipulate the supply and value chain of agri items – these vermin are now the owners of COMEX in agri items to control the whole value chain of manipulation,cheating and fraud.

The vermin have no skills in any domain – except that of cheating and exploitation.The reason for the growth of the cluster mafia approach of the bania vermin, is that – they trade among themselves on clean credit basis and in cash.As time passes the cluster will naturally expand.This destroys the enterprise of all other races.If you analyse the bank managers and directors who sanctioned the loans of fraud, willful defaulters and NPAs -they are all banias,marwaris,gujaratis,kayasthas and brahmins

What is a Gujarati – who are also called Bastards in the Mahabharata ! dindooohindoo

The Mahabharata , Book 8: Karna Parva ,Section 45

The Pancalas observe the duties enjoined in the Vedas; the Kauravas observe truth; the Matsyas and the Surasenas perform sacrifices, the Easterners follow the practices of the Shudras; the Southerners are fallen; the Vahikas are thieves; the Saurashtras are bastards.

The Gujaratis are also termed as a race of Miscegnation – in the Mahabharata ! That word refers to those born of unnatural sex ! Gujaratis are a Bastard race ! They swap wives ! And they do it openly and ADVERTISE IT OPENLY !

Similarly, The Rajasthanis are also sons of prostitutes as under :

Sample these Rajasthani sons of harlots born out of Nata Pratha – which is basically child prostitution for a fee !

And these Gujaratis like I said are a breed born of harlots and have a system of organised prostitution by registration – called Maitri Karar – which is registered by the DM

These vermin have to be exterminated en masse. It was Kasab and the Mujahideen who reckoned their evil.Their evil is also recorded in the ,Mahabharata as a bastard race

Kasab is a Che Clone ,with the look of Al Pacino ! May Allah rest his soul

reply


Comment

your name*

email address*

comments*
You may use these HTML tags:<p> <u> <i> <b> <strong> <del> <code> <hr> <em> <ul> <li> <ol> <span> <div>

verification code*
 







MOST VISITED
YOU MAY LIKE

TOPIC CLOUD

TAGS CLOUD

ARCHIVE



Copyright © 2016-2017







NEWS LETTER