BREAKING NEWS

BREAKING NEWS ""**Expected DA for Bank Employees from Aug 2024 MINIMUM 7 SLAB AND MAXIMUM 24 SLAB*****I *****

VISITOR FROM WORLD

Free counters!

YOU ARE VISITOR

Blog Archive

LIVE

BREAKING NEWS ""**If we want PSU bank to compete with Pvt bank ---Give them a break Saturday first****Outcome of Today’s meeting with IBA - 31.01.2023*********

Monday, October 5, 2020

Another bank amalgamation comming soon



🍒 RBI may consider ICICI Bank, Kotak Mahindra to bail out Lakshmi Vilas Bank, says experts : Will the Reserve Bank of India (RBI) rely on the mergers & acquisition (M&A) experience of private sector banks such as ICICI Bank and Kotak Mahindra Bank (KMB) to mount a rescue plan for the troubled Lakshmi Vilas Bank (LVB)? Financial market experts feel that if the proposed amalgamation of the ‘Clix Group’ with LVB, which could lead to surplus capital of about ₹1,500 crore from Clix Capital becoming available to the bank on merger, does not materialise then the latter’s merger with either ICICI Bank or Kotak Mahindra Bank may be the best option. They feel the regulator could possibly offer some regulatory dispensation to the acquiring banks to encourage a takeover. ICICI Bank has vast M&A experience, having acquired Bank of Madura (2000), Sangli Bank (2007) and Bank of Rajasthan (2013). KMB had acquired ING Vysya Bank in 2015. Moreover, ICICI Bank and KMB have raised capital in the last few months. ICICI Bank mopped up ₹15,000 crore via allotment to eligible qualified institutional buyers in August 2020. KMB raised ₹7,442.50 crore via a Qualified Institutional Placement (QIP) of equity shares in May 2020. The resources raised by these two banks could come in handy if they make up their mind on acquiring LVB. - Business Line




1 comment:

MosteroJitse said...

Hello there! I could have sworn I've been to this site before but after checking through some of the post I realized it's new to me. Nonetheless, I'm definitely happy I found it and I'll be bookmarking and checking back frequently!
Personalized Mortgage Solutions

33.9 million Jobs: Good News! India plans to add 33.9 million jobs by 2028

33.9 million Jobs : India’s workforce is anticipated to expand from 423.73 million in 2023 to 457.62 million by 2028, adding a net gain of a...

script async src="https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js">