{"id":104636,"date":"2017-08-23T18:54:25","date_gmt":"2017-08-23T13:24:25","guid":{"rendered":"http:\/\/greattelangaana.com\/english\/?p=104636"},"modified":"2017-08-23T18:54:25","modified_gmt":"2017-08-23T13:24:25","slug":"cabinet-approves-bank-merger","status":"publish","type":"post","link":"https:\/\/greattelangaana.com\/english\/cabinet-approves-bank-merger\/","title":{"rendered":"Cabinet approves bank merger"},"content":{"rendered":"<p style=\"text-align: justify;\">The cabinet gave an &#8220;in-principle&#8221; approval for the consolidation of state-run banks by merging some of the lenders, reports said.<\/p>\n<p style=\"text-align: justify;\">Finance Minister Arun Jaitley is due to brief media on the outcome of the cabinet meeting at 3:00 pm, a government spokesman said, without giving details.<\/p>\n<p style=\"text-align: justify;\">The government owns majority stakes in 21 lenders, which account for more than two-thirds of banking assets in Asia&#8217;s third-biggest economy.<\/p>\n<p style=\"text-align: justify;\">But these banks also account for the lion&#8217;s share of more than $150 billion in sour assets plaguing the sector.<\/p>\n<p style=\"text-align: justify;\">The banks also need billions of dollars in new capital by March 2019 to meet global Basel III banking rules.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cabinet gave an &#8220;in-principle&#8221; approval for the consolidation of state-run banks by merging some of the lenders, reports said. Finance Minister Arun Jaitley is due to brief media on the outcome of the cabinet meeting at 3:00 pm, a government spokesman said, without giving details. The government owns majority stakes in 21 lenders, which [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":104637,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,2],"tags":[52586,52588,15048,52585,52587,954],"class_list":["post-104636","post","type-post","status-publish","format-standard","has-post-thumbnail","category-politicalnews","category-top-stories","tag-approval","tag-banking-assets","tag-cabinet","tag-cabinet-approves-bank-merger","tag-consolidation","tag-finance-minister-arun-jaitley"],"jetpack_featured_media_url":"https:\/\/greattelangaana.com\/english\/wp-content\/uploads\/2017\/08\/sbi-621x414_large.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/posts\/104636","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/comments?post=104636"}],"version-history":[{"count":0,"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/posts\/104636\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/media\/104637"}],"wp:attachment":[{"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/media?parent=104636"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/categories?post=104636"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/tags?post=104636"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}