Government of India is reportedly mulling on a merger of Bank of Baroda (NSEI:BANKBARODA), IDBI Bank Limited (NSEI:IDBI), Oriental Bank of Commerce (NSEI:ORIENTBANK) and Central Bank of India (NSEI:CENTRALBK). The Department of Financial Services, under the finance ministry, is also simultaneously considering a 51% stake sale in IDBI Bank to a strategic partner, for INR 90 billion to INR 100 billion, two people told Mint.
Delayed
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276.4 INR | +2.07% | -6.83% | +19.60% |
06-04 | INDIA STOCKS-Banks, infra stocks to lead Indian shares higher as vote count set to begin | RE |
05-30 | Factbox-India central bank scrutiny of financial firms leads to restrictions | RE |
Stocks mentioned in the article
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Capi.
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87.15 INR | +1.98% | -4.93% | 11.02B | ||
64.26 INR | -0.89% | -11.01% | 6.74B | ||
EPS Revisions
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+17.55% | 574B | |
+18.15% | 311B | |
+15.71% | 254B | |
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+21.72% | 184B | |
+27.18% | 172B | |
+9.11% | 163B | |
+9.22% | 150B | |
-8.69% | 143B |
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- Government Reportedly Mulling On A Merger Of Bank Of Baroda, IDBI Bank, Oriental Bank And Central Bank