Now on all private banks can collect tax, pay pension

The finance ministry on Wednesday allowed all private sector banks to participate in government-related business, like collection of taxes. pension payments and small savings schemes. IMAGE:......

Govt to amend two laws to ease privatisation of banks

To facilitate privatisation of public sector banks, the government is likely to bring amendments to two legislations later this year. IMAGE: Kindly note that this image has been posted for......

6 Indian public sector banks will cease to exist from Wed

As per the mega consolidation plan, Oriental Bank of Commerce and United Bank of India will merge into Punjab National Bank (PNB); Syndicate Bank into Canara Bank; Andhra Bank and Corporation Bank......

Public sector banks are not out of the woods yet

'The snakes and ladders game will continue till the consolidation process is complete simply because we don't know how bad the scene is with some of the banks being merged,' says Tamal......