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Mergers Maze

IN 2019 THE NDA II government seemed well set to take up major reforms of the banking sector. The merger of ten public sector banks (PSBs) into four appeared a well thought measure towards consolidation and building size. There were also clear indications on reducing substantially government share of the

Do Banks Count their Numbers?

KYC is a mandatory database required while opening a bank account. PAN and Aadhaar are the two most important elements. However, banks have been projecting only ‘number of bank accounts’ in their publicity campaigns. The increases in these numbers are projected as the banks’ progress in reaching out to the people.

Scandal: YES Bank with NO Kapoor

The Reserve Bank of India (RBI) has bared its teeth again. Its axe fell on the captain of Yes Bank. As a watchdog of Indian banking system, the RBI has asked Rana Kapoor, Managing Director and Chief Executive Officer (MD&CEO) of Yes Bank to step down effective 31 January 2019. The

Kerala floods threaten to drown banking

Nature’s fury has destroyed Kerala’s wealth substantially, both financially and physically. Assets, more particularly private assets, built over the years have been wiped out. Banking business has suffered irreparable losses. The banking network in Kerala is quite wide-spread having 6281 branches. Public and private sector banks abound. Kerala Gramin Bank that