BoI, Union Bank set to merge in April

Mumbai-based Union Bank of India is to be merged with the Bank of India, a marriage that will create India's second largest commercial bank after the State Bank of India. The new entity, to be......

Bankers see no pressure on rates

The hike in cash reserve ratio will not put immediate pressure on interest rates, senior bankers said. However, in the medium term it will have an impact as credit has started picking up.The half a......