Category: Banking

P Chidambaram welcomes merger of banks

Bengaluru: Former Finance Minister P. Chidambaram welcomed the Centre’s drive to merge several state-run banks. “I believe India should have 6-8 big banks with big...

RBI slaps fine on four banks

NEW DELHI The Reserve Bank has imposed a monetary penalty of Rs 3 crore on Union Bank, Rs 2 crore on Dena BankNSE 7.21 %, and...