There will no job loss due to merger of banks: Finance Minister

Finance Minister Nirmala Sitharaman allayed fears of job losses following the proposed merger of public sector banks, saying not even one employee shall be removed following the amalgamation. Continue Reading

RBI to examine Indiabulls, LVB merger proposal

The statement comes amidst report that the presence of two nominee directors of the Reserve Bank of India (RBI) on the board of Lakshmi Vilas Bank implies the central bank’s indirect approval of the proposal. Continue Reading