Financial Daily from THE HINDU group of publications
Tuesday, Jan 29, 2002
Financial Daily from THE HINDU group of publications Tuesday, Jan 29, 2002 |
|
|
|
|
|
Markets
-
Impact Bank of Baroda: Merger blues BL Research Bureau
THE news that the merger of the beleaguered Benares State Bank with Bank of Baroda is being considered may sour sentiment for the stock of the latter in the markets. Benares State Bank is a bank with a negative net worth and liabilities in excess of Rs 600 crore. The bank is large enough to adversely affect the fortunes of Bank of Baroda. The terms of the merger, which are not known, now may mitigate the adverse effect. However, that the merger is being considered may itself induce selling pressure. The response of the board of directors, which is considering the proposal of the Reserve Bank of India in this regard, is now crucial and any moves to go ahead with the merger may be viewed negatively by investors.
Send this article to Friends by E-Mail
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |
Copyright © 2002, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|