Banking Sector

In order to raise the capital adequacy ratio of DBS Bank India from 15.13% in March 2021 to 16.29%, DBS Bank Singapore invested Rs1,040 crore in the bank.

After reviewing thorough research that has been commissioned on the results of amalgamation in state-run banks, the government intends to start the next phase of public sector bank mergers, a senior official from the finance ministry communicated to ET.

BSE and NSE have already given their approval

The National Stock Exchange and Bombay Stock Exchange have accepted the proposed merger of HDFC Bank and its parent company HDFC, stating that they have "no objection," bringing the transaction one step closer to completion.

The RBI on Wednesday hiked rates for the first time since August 1, 2018.

The proposed merger could redefine the competitive landscape for banks, and increase the prominence of M&A among banks seeking to close market-share gap with the merged HDFC Bank

The amalgamation of the two entities will provide further impetus to the Government’s vision of “Housing for Allâ€.

The company will subscribe 12,50,000 shares under the first tranche of IBBIC's Rights Issue.

As of February 04, 2022, banks have deployed their funds to the tune of Rs9,654 crore towards COVID-19 related emergency health services.

AU Bank, Cholamandalam Investment and Finance Company also emerged as bullish stocks; SBI Life dragged the most.