12  BIS Review 46/2008  Annex- I List of Indian commercial banks merged since January 1990 under the provisions of the Banking Regulation Act 1949 Sr. No. Name of the Transferor Bank  Name of the Transferee Bank  Date of amalgammation  1. Bank of Tamilnad Ltd.  Indian Overseas Bank  20.02.1990  2.
NBFIs tend to be more volatile than other sources of finance, such as bank lending and foreign direct investment. This was apparent during the March 2020 ‘dash-for-cash’ stage. Investment funds accounted for around half of the portfolio outflows observed, even though they (by some accounts) only represent a third of the stock of global portfolio liabilities.