Govt may merge 4 banks to create India's second largest bank
June 4: The government is reportedly planning to merge at least four state-run banks including IDBI Bank, Bank of Baroda, Central Bank of India, and Oriental Bank of Commerce. The merged entity would become India's second-largest bank after SBI, with combined assets of ₹16.58 trillion. The government is also planning to sell 51% stake in IDBI Bank for ₹9,000-10,000 crore, reports said.
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Davangere: Two policemen injured in stone pelting during Ganesha procession
Davangere: Reports state that two groups engaged in stone pelting at each other during Ganesha idol immersion ceremony in Davangere on Thursday. Two police personnel were injured in the incident.
Few days ago, two groups of youth engaged in verbal altercation regarding raising of a flag for Eid Milad celebration. On account of the clashes, police had heightened security for the Ganesha procession. Despite the additional security, stones were pelted at the procession, sources stated. Inspector Gururaj and constable Raghavendra were injured in the incident. The procession continued after the police brought the situation to control. However, the stone pelting resumed once again as the procession surged forwards.
Security has been tightened up in the area and all shops have been closed down by the police. The two police personnel, who were injured in the stone pelting, are undergoing treatment at a hospital.
