Rebutting social media rumours swiftly, the Reserve Bank of India on Wednesday said no commercial banks are going to be shut.
Finance secretary Rajiv Kumar discribed such social media messages as "mischievous" saying the government was in process of strengthening public sector banks by infusing...
Clearing decks for the scheduled merger of three public sector lenders—Vijaya Bank, Dena Bank and Bank of Baroda—the Supreme Court on Thursday refused to stay the amalgamation.
The top court dismissed the applications filed by several bank officers' associations for staying the merger...
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