Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Highly experienced ex-Delta One trader with 17 years of experience trading arbitrage and related strategies across Asian markets.

Exempt Financial Adviser (EFA) under CrossASEAN Research Pte Ltd.

It is important to note that the information provided by Periscope Analytics is based on publicly available data and own knowledge, which has been gathered and synthesized from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions.

All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include, but are not limited to, company announcements, exchange filings, ETF and other passive investment vehicle holdings, and free float and volume data from third-party data providers. Periscope Analytics does not guarantee the accuracy and completeness of the forecasts, estimates and/or other information.

Pan-Asia Index Rebalances/ Events/ Delta One

Event-Driven

Public sector bank (PSB) consolidation has been on the cards since the NDA Government came into power in 2014. Since then 27 PSBs have become 20, and will become 12 post this round of consolidation.The current round of amalgamations will see <a href="https://www.smartkarma.com/entities/oriental-bank-of-commerce" target="_blank" rel="noopener" data-smartkarma-citation="entities:1147:1">Oriental Bank Of Commerce (OBC IN)</a> and <a href="https://www.smartkarma.com/entities/united-bank-of-india" target="_blank" rel="noopener" data-smartkarma-citation="entities:44:1">United Bank Of India (UNTDB IN)</a> merged into <a href="https://www.smartkarma.com/entities/punjab-national-bank" target="_blank" rel="noopener" data-smartkarma-citation="entities:542:1">Punjab National Bank (PNB IN)</a> to become the second largest public sector bank, <a href="https://www.smartkarma.com/entities/syndicate-bank" target="_blank" rel="noopener" data-smartkarma-citation="entities:2492:1">Syndicate Bank (SNDB IN)</a> merged into <a href="https://www.smartkarma.com/entities/canara-bank" target="_blank" rel="noopener" data-smartkarma-citation="entities:543:1">Canara Bank (CBK IN)</a> to form the fourth largest PSB, <a href="https://www.smartkarma.com/entities/andhra-bank" target="_blank" rel="noopener" data-smartkarma-citation="entities:13709:1">Andhra Bank (ANDB IN)</a> and <a href="https://www.smartkarma.com/entities/corporation-bank" target="_blank" rel="noopener" data-smartkarma-citation="entities:8982:1">Corporation Bank (CRPBK IN)</a> merged into <a href="https://www.smartkarma.com/entities/union-bank-of-india" target="_blank" rel="noopener" data-smartkarma-citation="entities:546:1">Union Bank Of India (UNBK IN)</a> to form the fifth largest PSB, and <a href="https://www.smartkarma.com/entities/allahabad-bank" target="_blank" rel="noopener" data-smartkarma-citation="entities:8929:1">Allahabad Bank (ALBK IN)</a> merged into <a href="https://www.smartkarma.com/entities/indian-bank" target="_blank" rel="noopener" data-smartkarma-citation="entities:18110:1">Indian Bank (INBK IN)</a> to form the seventh largest PSB.In this Insight, we look at the history and rationale for the mergers and take a look at the proposed stock exchange ratios to analyse the impact on the stocks involved.

Public sector bank (PSB) consolidation has been on the cards since the NDA Government came into power in 2014. Since then 27 PSBs have become 20, and will become 12 post this round of consolidation.The current round of amalgamations will see Oriental Bank Of Commerce (OBC IN) and United Bank Of India (UNTDB IN) merged into Punjab National Bank (PNB IN) to become the second largest public sector bank, Syndicate Bank (SNDB IN) merged into Canara Bank (CBK IN) to form the fourth largest PSB, Andhra Bank (ANDB IN) and Corporation Bank (CRPBK IN) merged into Union Bank Of India (UNBK IN) to form the fifth largest PSB, and Allahabad Bank (ALBK IN) merged into Indian Bank (INBK IN) to form the seventh largest PSB.In this Insight, we look at the history and rationale for the mergers and take a look at the proposed stock exchange ratios to analyse the impact on the stocks involved.

India Public Sector Bank Mergers: Stock Exchange Ratio Analysis