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PNB Likely To Take Control Of Three Public Sector Banks: Report

Tuesday, May 21, 2019, 4:19 PM

Punjab National Bank could take control of two-to-three small state-run banks, that could include Oriental Bank of Commerce, Andhra Bank and Allahabad Bank, according to two sources familiar with the situation. PNB could start the process of taking control of the banks in the next three months, according to the sources. The government is seeking to consolidate the nation's debt-burdened state banking sector.
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Yes Bank slips 3 notches to 10th spot as most valued bank

Monday, May 6, 2019, 6:25 PM

Yes Bank has slipped three spots to 10th spot in market valuation for the first time as its shares slumped over 30% in the last two trading sessions. This comes after it reported Rs.1,500-crore net loss for its March quarter earnings. HDFC Bank is the most valued Indian bank with Rs.6.34 trillion market valuation, followed by SBI and Kotak Mahindra.
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CEO Ravneet Gill planning to replace entire top management of Yes Bank

Thursday, April 25, 2019, 6:05 PM

Yes Bank's new CEO Ravneet Gill is planning to replace the entire top management of the lender, including some of ousted Co-founder Rana Kapoor's aides, according to a eport. At least 14 top executives are reportedly being considered for replacement, including Group President Rajat Monga, Group CFO Raj Ahuja. Gill took the helm of the private lender in March.

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