Context: The Reserve Bank of India (RBI) on Friday has allowed the merger of National Cooperative Bank with Cosmos Cooperative Bank effective from January 6, 2025. Bank Merger A bank merger is when two or more banks combine their operations and resources to form a single entity. The resulting bank is usually larger and has more resources, which can lead to cost reductions. Recent Merged Banks Date of Merger Merged Entities Resulting Bank April 2019 Bank of Baroda, Vijaya Bank, and Dena Bank Bank of Baroda (BoB) April 2020 Punjab National Bank (PNB), Oriental Bank of Commerce (OBC), and United Bank of India (UBI) Punjab National Bank (PNB) April 2020 Canara Bank and Syndicate Bank Canara Bank April 2020 Indian Bank and Allahabad Bank Indian Bank April 2020 Union Bank of India, Andhra Bank, and Corporation Bank Union Bank of India
Bank Loan Growth in Q3FY25
Context: Deposits, as Bank of Baroda stated, increased by 9.23% y-o-y in Q3FY25, reaching a domestic deposit amount of ₹ 11.65 trillion. Loans are up by 11.76% year-on-year, touching an all-time high of ₹ 9.63 trillion, thus outstripping newly growing deposits. Bank Loan Growth
Securitisation Volumes Rise in Q3FY25
Context: Securitisation volumes are expected to have surpassed ₹ 68,000 crore in Q3FY25: ICRA Securitization Volumes Securitization volumes in banking is the amount of assets that have been pooled and repackaged into interest-bearing securities: ICRA Limited (ICRA) ICRA Limited (ICRA) is an independent and professional investment and credit rating agency in India.[2] The company has been in existence since 1991 under the name Investment Information and Credit Rating Agency of India Limited (IICRA India).
SBI Schems to Boost Deposit Mobilisation
Context: State Bank of India – the country´s largest lender – has unveiled two new schemes to boost deposit mobilisation at a time when most banks are facing challenges to raise resources. The first is Har Ghar Lakhpati and second is SBI Patrons. Har Ghar Lakhpati (HGL) “Har Ghar Lakhpati” (HGL) is a customized Recurring Deposit scheme, allowing customers to accumulate ₹1 Lakh or more by depositing small savings monthly and becoming ‘LAKHPATI’ upon deposit maturity. SBI Patrons SBI is launching a new Term Deposit scheme called “SBI Patrons” for Super Senior Citizens, who are defined as resident individuals aged 80 or older, as per Income Tax Act 1961, in order to provide them additional benefits.
Har Ghar Lakhpati (HGL) & SBI Patrons
Har Ghar Lakhpati (HGL) “Har Ghar Lakhpati” (HGL) is a customized Recurring Deposit scheme, allowing customers to accumulate ₹1 Lakh or more by depositing small savings monthly and becoming ‘LAKHPATI’ upon deposit maturity. SBI Patrons SBI is launching a new Term Deposit scheme called “SBI Patrons” for Super Senior Citizens, who are defined as resident individuals aged 80 or older, as per Income Tax Act 1961, in order to provide them additional benefits.
Baanknet to Aid One-Stop Property E-Auction
Context: Financial Services Secretary M. Nagaraju on Friday unveiled the revamped ‘Baanknet’ portal for e-auction of properties, including commercial properties, industrial land, shops, vehicles, and agricultural and non-agricultural land. Baanknet Portal
The F-T-P approach: Revolutionising biofuel integration in the sugar industry
India’s Ground Water Quality Assessment by CGWB
Context: The number of districts in India that have been reported by the Central Ground Water Board (CGWB) to have excess nitrate increased from 359 in 2017 to 440 in 2023. Key Findings: Groundwater Pollution in India and Nitrate Contamination The Central Ground Water Board (CGWB) The Central Ground Water Board (CGWB) is a scientific organization that manages India’s groundwater resources.
The Central Ground Water Board (CGWB)
The Central Ground Water Board (CGWB) is a scientific organization that manages India’s groundwater resources.
Agriculture Marketing
Context: The draft National Policy Framework on Agricultural Marketing (NPFAM), released recently for public comments by the Union Agriculture Ministry, is more dangerous than the three farm laws repealed in 2021, the Samyukt Kisan Morcha, an umbrella organisation of farmers’ outfits, said on Friday. Draft Policy on Corporate Agri-Business in India Draft National Policy Framework on Agriculture Marketing in India Agricultural Marketing In India
