trending Market Intelligence /marketintelligence/en/news-insights/trending/ckvjONrDs3w--Dc0BI5zvw2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Canara Bank, Syndicate Bank merger to create 4th largest PSB in India

Street Talk - Ep. 64: Coronavirus jumpstarts digital adoption

Street Talk Podcast

Street Talk - Ep. 63: Deal talks continue amid bank M&A freeze, setting up for strong Q4

Street Talk Podcast

Street Talk - Ep. 62: 'Brutal' outlook for oil demand offers banks in oil patch no relief

Amid Q1 APAC Fintech Funding Slump, Payment Companies Drove Investments

Canara Bank, Syndicate Bank merger to create 4th largest PSB in India

Canara Bank's planned merger with Syndicate Bank Ltd. will create India's fourth-largest public sector bank, according to data compiled by S&P Global Market Intelligence.

The merger is part of the Indian government's push to consolidate the banking sector, with its latest plan involving the merger of 10 state-owned lenders into four bigger banks. The merged entity will have total assets of about 10.248 trillion rupees and total net loan of about 6.332 trillion rupees.

The merger will initially be negative for Canara Bank's intrinsic risk profile, said Fitch Ratings in an Oct. 4 note, as Syndicate Bank will add to the pressures on asset quality and earnings. However, this could be offset by the government's plan to inject 65 billion rupees into Canara Bank, the rating agency said added. The merger is set to be completed in April 2020.

SNL Image

As of Oct. 15, US$1 was equivalent to 71.49 Indian rupees.