Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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Principal Economic Advisor Sanjeev Sanyal said the government wants to reduce the number of PSU lenders to 10 to 15 from the current 21. 

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                            <div align="justify">-Scroll.in<br /><br /><em>Principal Economic Advisor Sanjeev Sanyal said the government wants to reduce the number of PSU lenders to 10 to 15 from the current 21. <br /></em><br />The Union Cabinet on Wednesday gave its in-principle approval for the merger and consolidation of public sector banks, reported ET Now. The Cabinet gave the go-ahead to set up a mechanism to carry out such mergers. The move is aimed at improving the efficiency of public lenders, which are burdened with bad loans, and also saving capital.<br /><br />This comes after banking operations were affected on Monday as employees of public sector banks took part in a nationwide strike, protesting against the consolidation of PSU banks. The United Forum of Bank Unions, which includes nine bank associations, had called for the strike, believing that merging public lenders would not be an employee-friendly move.<br /><br />The Finance Ministry&rsquo;s Principal Economic Advisor Sanjeev Sanyal had said on August 21 that the government wants to reduce the number of PSU banks to 10 to 15, the Hindustan Times reported. Currently, there are 21 public sector banks.<br /><br />&ldquo;Consolidation [of banks] will not be taken too far as speculated, since the whole system will then break down if even one of them fails,&rdquo; he said. &ldquo;Eventually, the number of PSU banks will come down to between 10 and 15. It will be done purely on a commercial basis.&rdquo;<br /><br />Please <a href="https://scroll.in/latest/848194/centre-approves-the-merger-of-public-sector-banks" title="https://scroll.in/latest/848194/centre-approves-the-merger-of-public-sector-banks">click here</a> to read more. <br /><br /></div>                                                           
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                            <div align="justify">-Scroll.in<br /><br /><em>Principal Economic Advisor Sanjeev Sanyal said the government wants to reduce the number of PSU lenders to 10 to 15 from the current 21. <br /></em><br />The Union Cabinet on Wednesday gave its in-principle approval for the merger and consolidation of public sector banks, reported ET Now. The Cabinet gave the go-ahead to set up a mechanism to carry out such mergers. The move is aimed at improving the efficiency of public lenders, which are burdened with bad loans, and also saving capital.<br /><br />This comes after banking operations were affected on Monday as employees of public sector banks took part in a nationwide strike, protesting against the consolidation of PSU banks. The United Forum of Bank Unions, which includes nine bank associations, had called for the strike, believing that merging public lenders would not be an employee-friendly move.<br /><br />The Finance Ministry&rsquo;s Principal Economic Advisor Sanjeev Sanyal had said on August 21 that the government wants to reduce the number of PSU banks to 10 to 15, the Hindustan Times reported. Currently, there are 21 public sector banks.<br /><br />&ldquo;Consolidation [of banks] will not be taken too far as speculated, since the whole system will then break down if even one of them fails,&rdquo; he said. &ldquo;Eventually, the number of PSU banks will come down to between 10 and 15. It will be done purely on a commercial basis.&rdquo;<br /><br />Please <a href="https://scroll.in/latest/848194/centre-approves-the-merger-of-public-sector-banks" title="https://scroll.in/latest/848194/centre-approves-the-merger-of-public-sector-banks">click here</a> to read more. <br /><br /></div>                                                           
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                            <div align="justify">-Scroll.in<br /><br /><em>Principal Economic Advisor Sanjeev Sanyal said the government wants to reduce the number of PSU lenders to 10 to 15 from the current 21. <br /></em><br />The Union Cabinet on Wednesday gave its in-principle approval for the merger and consolidation of public sector banks, reported ET Now. The Cabinet gave the go-ahead to set up a mechanism to carry out such mergers. The move is aimed at improving the efficiency of public lenders, which are burdened with bad loans, and also saving capital.<br /><br />This comes after banking operations were affected on Monday as employees of public sector banks took part in a nationwide strike, protesting against the consolidation of PSU banks. The United Forum of Bank Unions, which includes nine bank associations, had called for the strike, believing that merging public lenders would not be an employee-friendly move.<br /><br />The Finance Ministry&rsquo;s Principal Economic Advisor Sanjeev Sanyal had said on August 21 that the government wants to reduce the number of PSU banks to 10 to 15, the Hindustan Times reported. Currently, there are 21 public sector banks.<br /><br />&ldquo;Consolidation [of banks] will not be taken too far as speculated, since the whole system will then break down if even one of them fails,&rdquo; he said. &ldquo;Eventually, the number of PSU banks will come down to between 10 and 15. It will be done purely on a commercial basis.&rdquo;<br /><br />Please <a href="https://scroll.in/latest/848194/centre-approves-the-merger-of-public-sector-banks" title="https://scroll.in/latest/848194/centre-approves-the-merger-of-public-sector-banks">click here</a> to read more. <br /><br /></div>                                                           
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    <br><a href="https://scroll.in/latest/848194/centre-approves-the-merger-of-public-sector-banks" class="re" target="_blank">Scroll.in, 23 August, 2017, https://scroll.in/latest/848194/centre-approves-the-merger-of-public-sector-banks</a><div class="clear"></div>
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Home हिन्दी

Centre approves the merger, consolidation of public sector banks

Published on Aug 24, 2017   Modified on Aug 24, 2017

-Scroll.in Principal Economic Advisor Sanjeev Sanyal said the government wants to reduce the number of PSU lenders to 10 to 15 from the current 21. The Union Cabinet on Wednesday gave its in-principle approval for the merger and consolidation of public sector banks, reported ET Now. The Cabinet gave the go-ahead to set up a mechanism to carry out such mergers. The move is aimed at improving the efficiency of public lenders, which are burdened with bad loans, and also saving capital. This comes after banking operations were affected on Monday as employees of public sector banks took part in a nationwide strike, protesting against the consolidation of PSU banks. The United Forum of Bank Unions, which includes nine bank associations, had called for the strike, believing that merging public lenders would not be an employee-friendly move. The Finance Ministry’s Principal Economic Advisor Sanjeev Sanyal had said on August 21 that the government wants to reduce the number of PSU banks to 10 to 15, the Hindustan Times reported. Currently, there are 21 public sector banks. “Consolidation [of banks] will not be taken too far as speculated, since the whole system will then break down if even one of them fails,” he said. “Eventually, the number of PSU banks will come down to between 10 and 15. It will be done purely on a commercial basis.” Please click here to read more.

Scroll.in, 23 August, 2017, https://scroll.in/latest/848194/centre-approves-the-merger-of-public-sector-banks

Tagged with: Public Sector Banks Bank merger

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