Post SBI merger, PNB and BoB may take over smaller banks: Report

THE NDA government is finetuning details for the overhaul of PSU banks that involves the next round of consolidation, public offers in the next few months by banks to raise fresh capital, and changes in the hiring policy, including increased lateral entry. Punjab National Bank (PNB) and Bank of Baroda (BoB) may take over smaller lenders, a senior finance ministry official was quoted as telling a national daily. The government is looking at...

Can ex-CAG chief Vinod Rai-led Bank Board Bureau fix PSU banks?

Vinod Rai

JUST a day before the presentation of the Budget for 2016-17, Prime Minister Narendra Modi approved the constitution of the Bank Board Bureau, which will seek to reform the appointment process for top-level posts and improve governance in public sector banks. The new board will be headed by
Vinod Rai, former...