https://www.taxtmi.com/news?id=17485 Approval authorises statutory acquisition of multiple public sector subsidiary banks by their parent bank and legislative repeal of subsidiary-specific Acts to enable legal merger and integration. The consolidation aims to achieve recurring cost savings through operational efficiency and lower cost of funds, unify treasury and risk management, reduce geographic concentration risks, and extend the parent bank's network benefits to subsidiary customers. en-us Thu, 16 Feb 2017 09:54:24 +0530 Thu, 16 Feb 2017 09:54:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=17485 Approval authorises statutory acquisition of multiple public sector subsidiary banks by their parent bank and legislative repeal of subsidiary-specific Acts to enable legal merger and integration. The consolidation aims to achieve recurring cost savings through operational efficiency and lower cost of funds, unify treasury and risk management, reduce geographic concentration risks, and extend the parent bank's network benefits to subsidiary customers. News - Thu, 16 Feb 2017 09:54:24 +0530 https://www.taxtmi.com/news?id=17485