Tue, Mar 21, 2023
As per the deal between UBS and Credit Suisse, the shareholders of Credit Suisse will get one UBS share for every 22.48 shares of common stock. Early on Monday, the last-minute rescue failed to soothe people down, and bank stock prices were heavily pressured all morning. UBS fell 12 per cent in early trade, outperforming its remaining regional counterparts in losses.
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Mon, Oct 17, 2022
HDFC merger news: The voting results will be out by the first week of December 2022.
Fri, Aug 05, 2022
HDFC Bank has already received in-principle approval from the Reserve Bank (RBI) for the merger with HDFC Ltd, among other approvals.
Thu, Jul 28, 2022
"The Securities and Exchange Board of lndia (Sebi) has granted its in-principle approval for the change in control of HDFC Property Ventures Limited, a wholly-owned subsidiary of HDFC Ltd which is the investment manager of HDFC India Real Estate Fund III (HIREF III)," HDFC Ltd said in a regulatory filing on Wednesday.
Thu, Feb 27, 2020
Zee Business Sources says, PM Modi will review bank merger plan soon. DFS will give a presentation to PM on bank merger plan. Know More details on this.
Wed, Feb 12, 2020
The Centre might approve the scheme of amalgamation of 10 public sector banks into four. The Union Cabinet, led by Prime Minister Narendra Modi s expected to approve the amalgamation of the Banks.
Mon, Aug 28, 2017
Moody's believes that PSU bank merger will be credit positive but banks still need a lot of money for recapitalisation.
Wed, Aug 23, 2017
Shares of public sector banks (PSBs) rose in trade on Wednesday afternoon as the government gave an in-principle approval for mergers between various PSBs.
Thu, Apr 13, 2017
The head of State Bank of India , the country`s largest lender, said she expects a boost to annual profit of as much as 30 billion rupees ($465 million) in three years on cost and efficiency gains from the absorption of associate banks.
Tue, Oct 11, 2016
India may merge two large state banks in the coming fiscal year once a cleanup of bad assets has run its course, the official overseeing a turnaround of the sector told Reuters, days before a new process to resolve stressed assets goes live.
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