Day Trading Stocks & Futures

Canara Bank and Syndicate Bank to be merged, which will be the fourth largest PSB, with a business of 15.20 lakh crore

Union Bank of India, Andhra Bank and Corporation Bank to merge with business of Rs 14.59 lakh crore. There will be large cost reduction due to potential network overlap

On merger of Bank of Baroda, Dena Bank and Vijaya Bank: No retrenchment of any staff

India Bank, Allahabad Bank will merge to form the 7th largest PSB with a business of Rs 8.08 lakh crore
Breakup of capitalisation:
10 PSBs will get a total of Rs 55,250 crore. Here is the breakup:

Punjab National Bank -- Rs 16,000 crore
Union Bank of India -- Rs 11,700 crore
Bank of Baroda -- Rs 7,000 crore
Canara Bank -- Rs 6,500 crore
Indian Bank -- Rs 2,500 crore
Indian Overseas Bank -- Rs 3,800 crore
Central Bank of India -- 3,300 crore
UCO Bank -- Rs 2,100 crore
United Bank of India -- Rs 1,600 crore
Punjab & Sind Bank -- Rs 750 crore


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SLide show has started...


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From 27 Bank it will become 12 bank.....


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Despite MANY positive doses by Mrs.Nirmala Sitaraman poor financial performance ( GDP growth falls to 5% in April-June quarter from 5.8% )
and The Sword of Damocles always hangs on our head (Pak issue).

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