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    Japan's Nikkei rises for third straight session as AI optimism returns; SoftBank falls 3%

    Japan's Nikkei 225 rose 0.80% for a third consecutive session as renewed optimism around artificial intelligence stocks lifted sentiment. Strong semiconductor demand and improving manufacturer confidence supported gains. However, SoftBank shares fell 3% after the technology investment giant reported a second-quarter net loss of 1.1 trillion yen.

    Branches of Vijaya, Dena Bank to function as BoB outlets from Monday: RBI

    The merger of Vijaya Bank and Dena Bank with Bank of Baroda, will be effective from April 1, 2019.

    Dena Bank valuation justified, Vijaya Bank should have got premium, not discount: Siddharth Purohit, SMC Global Securities

    “Dena Bank valued at a discount of 26.5% to Bank of Baroda and Vijaya Bank at close to 6% discount.”

    Dena Bank plunges 12% as RBI bars bank from fresh lending, hiring

    The RBI has initiated prompt corrective action (PCA) for Dena Bank and imposed certain restrictions.

    Dena Bank, Andhra Bank, P&S Bank are headless from Jan 1

    Dena Bank, Andhra Bank and Punjab & Sind Bank have remained in the dark since January 1, as the govt is yet to find a face to lead the financial institutions.

    Vijaya Bank, Dena Bank eye merger

    Vijaya Bank and Dena Bank are said to be discussing synergies and the boards of both banks are discussing pros and cons of such a move.

    The Economic Times
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