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Prepare a list of the public sector banks that can be merged: Govt asks RBI
In a meeting this month, finance ministry officials also asked the Reserve Bank of India to suggest a time frame for the consolidation, the people said, asking not be named as the information isn’t public. The move is aimed at creating fewer, better-capitalized lenders and improving regulatory oversight.
IBM partners with Indian tech firms for solutions to tackle natural disasters
“2017 has been the costliest year ever for natural disasters in the Indian sub-continent. At the same time, India has the second largest developer community with 3.5 million developers – a community with great potential to create innovative solutions,” Seema Kumar, Country Leader, Developer Ecosystem and Startups at IBM, said.
LIC Board to meet on September 4 to decide modalities for raising stake to 51% in IDBI Bank
Buffett’s Berkshire confirms stake buy in Paytm, pegged at Rs 2500cr
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