does virgin sail out of galveston【tim stewart funeral home in loganville】Cabinet approves merger of three state-owned banks
NEW DELHI (Reuters) - India's cabinet has approved the merger of state-run Vijaya Bank and Dena Bank with Bank of Baroda,tim stewart funeral home in loganville the government said on Wednesday, in a step aimed at cleaning up the country's banking system.
India had announced the merger plan last year amid growing concerns over rising bad loans in the banking sector. Banking sector reforms are a major plank of Prime Minister Narendra Modi's government's plans to revive lending which has slowed as banks struggle with bad debt.
The merged bank will become India's second largest public sector bank and will "help create a strong globally competitive bank", the government said in a statement.
The merger will come into force on April 1, the government said.
(Reporting by Manoj Kumar; Editing by Martin Howell)
View comments
相关推荐
- UPDATE 1-MSCI to quadruple weighting of China A-shares in its global benchmarks
- Lockheed Martin (LMT) Wins $1B Deal for Super Hercules Fleet
- Should You Buy AMD Stock?
- The Attractive Combination That Could Earn Allegiance Bancshares, Inc. (NASDAQ:ABTX) A Place In Your Dividend Portfolio
- Vineyard Wind picks GE turbines for Massachusetts offshore wind farm
- EU’s Digital Services Act Advocates Speak Up
- The Global Physiotherapy Equipment Market is expected to grow from USD 14,684.89 Million in 2018 to USD 23,874.40 Million by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 7.18%
- Company News for Nov 4, 2020
