Maha bankbandhan of Bank of Baroda, Dena & Vijaya banks will be complete in 2 years

State-owned Bank of Baroda (BoB), which has become the country’s second-largest bank by merging Vijaya Bank and Dena Bank, is likely to complete the entire process of the merger in two years. Continue Reading

Indian banks on top of situation over NPA problem: SBI Chairman

Indian banks are now “on top of the situation” on the problem of the non-performing assets (NPA), State Bank of India Chairman Rajnish Kumar said. Kumar said that going by the initial results that have started coming in September, it seems that many banks are returning to profit. Continue Reading

RBI rate hike a ‘win-win’ situation for markets, banks: SBI report

The Reserve Bank of India’s (RBI) decision to raise the repo rate by 25 basis points (bps) to 6.50 per cent is a ‘win-win’ situation for both markets and the banks as inflation is expected to rapidly decelerate to sub-five per cent in coming months, suggests the report from the Economic Research Department of State Bank of India (SBI). Continue Reading