Tag Archives: Likely

Bank Mergers Likely To Happen After SBI Consolidation: Report

August 7, 2016 Comments Off on Bank Mergers Likely To Happen After SBI Consolidation: Report

The merger of SBI with associate banks is likely to take place towards the end of the current fiscal year. New Delhi: Consolidation among public sector lenders is expected to happen only after the completion of merger between State Bank of India (SBI) and its associates, a senior Finance Ministry official said. “Banks can consider merger and acquisition only when their financial strength ... Read More »

Power Reforms Likely To Pressure States’ Budgets, Says RBI

April 8, 2016 Comments Off on Power Reforms Likely To Pressure States’ Budgets, Says RBI

India’s power reforms are likely to put pressure on state governments’ budgets, potentially forcing them to cut spending needed to support economic growth, the Reserve Bank of India (RBI) said in a report on Thursday (07 April). States could find themselves deviating from the path of fiscal consolidation as they take on an additional interest burden from debt tied to ... Read More »