trending Market Intelligence /marketintelligence/en/news-insights/trending/mQ2AXyAD63JVLoRm9C0abw2 content esgSubNav
In This List

Indian government merges 3 regional rural banks

Blog

Banking Essentials Newsletter: July Edition - Part 2

Blog

Anticipate the Unknown Go Beyond Fundamentals to Uncover Early Signs of Private Company Credit Deterioration

Blog

Taking Loss Given Default Estimation to the Next Level: An Aspiration for All Creditors, Not Just Banks

Blog

Anticipate the Unknown A Fundamentals Approach to Detect Early Signs of Private Company Credit Deterioration


Indian government merges 3 regional rural banks

The government of India has merged three regional rural banks — Punjab Gramin Bank, Malwa Gramin Bank and Sutlej Gramin Bank — into a single regional rural bank, with effect from Jan. 1.

The amalgamation comes after consultations with sponsor banks including National Bank for Agriculture & Rural Development, Punjab National Bank, Punjab & Sind Bank and State Bank of India, according to a Jan. 5 stock exchange filing.