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【you have been hacked icloud email】Cabinet approves merger of three state-owned banks

时间:2010-12-5 17:23:32  作者:Knowledge   来源:Exploration  查看:  评论:0
内容摘要:NEW DELHI (Reuters) - India's cabinet has approved the merger of state-run Vijaya Bank and Dena Bank you have been hacked icloud email

NEW DELHI (Reuters) - India's cabinet has approved the merger of state-run Vijaya Bank and Dena Bank with Bank of Baroda,you have been hacked icloud email the government said on Wednesday, in a step aimed at cleaning up the country's banking system.

India had announced the merger plan last year amid growing concerns over rising bad loans in the banking sector. Banking sector reforms are a major plank of Prime Minister Narendra Modi's government's plans to revive lending which has slowed as banks struggle with bad debt.

【you have been hacked icloud email】Cabinet approves merger of three state-owned banks


The merged bank will become India's second largest public sector bank and will "help create a strong globally competitive bank", the government said in a statement.

【you have been hacked icloud email】Cabinet approves merger of three state-owned banks


The merger will come into force on April 1, the government said.

【you have been hacked icloud email】Cabinet approves merger of three state-owned banks


(Reporting by Manoj Kumar; Editing by Martin Howell)


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