"Alternative mechanism under Finance Minister, Arun Jaitley suggests bankofbaroda, VijayaBankIndia & dena_bank to consider amalgamation; to create India's 3rd largest globally competitive bank", he tweeted on Monday evening. The other members of the panel include Railways Minister Piyush Goyal and Defence Minister Nirmala Sitharaman.
"No employee will face any service conditions which are adverse in nature".
Hurricane Florence 5 PM Wednesday Update
Flooding farther inland also a concern as Florence meanders over NC, SC, northern GA for several days. Apparently, the hurricane is just a few hundred miles away from the North Carolina's coastline.
A senior banker said that with the amalgamation announcement, the government may be moving a step closer to implementing the Narasimham Committee recommendation on structural reforms.
Also, many banks were in a fragile condition due to excessive lending and ballooning NPAs, he said.
Employees of three banks should not worry about their career in the wake of the merger announced by the government, said Finance Minister. Meanwhile, All India Bank Employees' Association has opposed the move saying what is required is an expansion of banks and not a merger of banks. "And between 2008 and 2014, there was lending of nearly Rs 55 lakh crore", he said. The government had only unearthed the NPAs which were sought to be brushed under the carpet, he added. The banking industry was saddled with bad loans - called non-performing assets in banking parlance - of Rs 8.50 lakh crore. "And therefore, now the alternative mechanism has gone ahead and taken this decision today", Jaitley said.
"It was only after 2015 that the real picture was known and the government and the RBI started taking concrete steps".
Serena Williams breaks silence after US Open final controversy
Williams is an abuser of umpires and has never suffered the appropriate consequences for her actions because of her star status. The chaotic finish, filled with screaming, tears and jeers, cast a cloud over what should have been Osaka's shining moment.
"The envisaged amalgamation will be the first-ever three-way consolidation of banks in India, with a combined business of Rs 14.82 lakh crore, making it India's third largest bank", an official statement said.
"Capital Adequacy Ratio (of the amalgamated bank) at 12.25 per cent is significantly above the regulatory norm of 10.875 per cent and the stronger amalgamated bank will be better positioned to tap capital markets", the government said.
In the short-term, however, there could be an impact on the share price of state-run banks as few would be ready to take long term bets on them, said Asutosh Mishra, banking sector analyst at Mumbai-based Reliance Securities.
Many people with limited means like the disabled Howells will struggle to escape Florence, or build back when its damage is done. It's moving westward across the eastern Caribbean, where it's expected to bring up to 5 inches of rain across Puerto Rico.
The Herald Sun , owned by Rupert Murdoch's News Corp ( nws ), provoked outrage Tuesday with a cartoon of Williams at the U.S. Leading the criticism, Rowling said it had reduced "one of the greatest sportswomen alive to racist and sexist tropes".
Google has announced that Gmail Offline will be removed from the Chrome Web Store in December, because it isn't needed anymore. Google has put together a transition guide for those finding themselves having to make the move back to Gmail.
Russian Federation and Iran rejected Turkey's call for a ceasefire at the summit in Tehran on Friday. Our fear as humanitarians is the worst may be ahead of us", said Laerke reading from the statement.
Apple revealed its three new iPhones on September in an event at the Steve Jobs Theater in its Apple Park HQ. While similar in size to the iPhone 8 Plus , the Xs Max will employ a steel chassis opposed to aluminum.
Roger Federer of Switzerland has 20 Grand Slam titles and Spain's Rafael Nadal has 17 singles' Grand Slam trophies to his name. The win for Djokovic gave him 14 Grand Slams to move into a tie for third on the all-time list alongside Pete Sampras .
We'll be publishing coverage of the new features in all these upgrades in the coming weeks and months, so stay tuned. For a complete rundown on the list of features that are included in iOS 12, head over to Apple now.
We can expect something even more expensive if the rumors about a limited edition Galaxy S10+ with 5G tech turn out to be true. Another user nicknamed Hokyung came up with a detailed prediction: "It will be a Galaxy A model with a triple-lens camera".
Mohamed Salah has said that he believes Liverpool are capable of winning both the Premier League and Champions League this season. His four Premier League goals this term mean the 26-year-old has now scored 17 times in 30 games across all competitions.
Neither Putin not Erdogan explained how they planned to differentiate "radically-minded" rebels from other anti-government groups. Putin said he believed the agreement on Idlib could hasten a final resolution of the Syrian war.
According to the Russians, they do not know where is the house of the Skripals in Salisbury, so, possible, they passed by it. Simonyan said the men had contacted her on her cellphone. "There is nothing special there, nothing criminal, I assure you".
'Mrs. Maisel,' 'Game of Thrones' win top Emmy honors
While the FX drama was critically beloved, it hadn't picked up as much traction with the Academy voters through the years. It was clearly planned on Weiss' part, but it threw everyone else, including his new fiancee, for a loop.
Hurricane Florence strikes the eastern US
Friday, Florence's maximum winds were recorded at 65 miles per hour while it was hovering near Conway, NWS Columbia reported. Forecasters said "catastrophic" freshwater flooding was expected along waterways far from the coast of North and SC .
Storm Helene to batter NI as severe weather warning is issued
The National Hurricane Center is predicting the storm will produce "catastrophic flash flooding and significant river flooding". The enormous waves were recorded in the northeast quadrant of the hurricane, which is the strongest area of the storm.