Tag Archives: Mergers

As per the draft guidelines, as of 2015-16, at least 187,006 primary schools (Class I-V) and 62,988 upper primary (Class VI-VIII) schools were running with fewer than 30 students. Photo: HT New Delhi: The centre is looking to execute location-specific mergers of nearly 260,000 small government schools as part of a rationalization process to ensure maximum use of resources. In draft ... Read More »

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 »