PSB merger: Insurance companies to see stake changes over next one year Merged PSU bank stakes in insurance companies have to be reduced to below 10 percent to avoid violation of rules. IRDAI laws say that one bank cannot be a promoter in multiple insurance companies.
The little-known story of once-private Syndicate Bank, which started with a 25-paise deposit Syndicate Bank is an important milestone in India's evolution because it shows that when entrepreneurs are allowed to become wealth generators, everyone benefits.
As curtains fall on six PSU banks, old-timers walk down the memory lane with a mix of nostalgia and grief As six Indian public sector banks (PSBs), some of which have been in existence for over a century, ceased to exist on April 1 after their amalgamation with bigger PSBs, old timers are looking back at the halcyon days of these institutions wistfully.
Stocks in the news: Stocks in the news: SBI, IDBI Bank, Tata Power, Graphite, Lupin, Godawari Power, Sun Pharma Sun Pharma | SBI | Abott India | HeidelbergCement India | Sobha and aviation stocks are in the news today.
Coronavirus pandemic | PSB-merger interrupted, advisories against large gatherings: Report The banks have either put on hold or held online sessions for some planned gatherings, such as employee training and customer interface programmes.
Stocks in the news: Yes Bank, M&M, JSW Steel, Syndicate Bank, Pidilite, Lupin Mahindra & Mahindra | JSW Steel | Yes Bank | Pidilite | Lupin and Syndicate Bank are among the stocks that are in the news today.