The recent successful merger of two public sector banks (PSBs), Dena Bank and Vijaya Bank, with Bank of BarodaNSE -2.97 % has paved the way for the future road map of PSB restructuring. It has created the right synergy, achieved scale & resulted in better shareholder value creation. It would be wrong to think that this move of GoI was in
BEIJING: China’s banking and insurance regulators have issued a notice to commercial banks to boost financial support for the country’s rural areas. In a notice issued on March 8, the ChinaBanking and Insurance Regulatory Commission told commercial banks to fulfill special lending targets, including those for achieving faster increases in loans to farmers and other businesses in rural areas.