Page 3 - Bank Mergers

Merger of public sector banks on schedule, says Nirmala Sitharaman

"We are on the course on bank mergers... lot of core banking operations regarding the merger are currently going on"

Mega bank consolidation: Meeting April 1 deadline appears challenging

Even after Cabinet approval to the proposed mega merger plan, officials said, fixation of share swap ratio, shareholders consent and other regulatory approvals are expected to take at least 30-45 days

Banks may not be in a position to go to the market now: United Bank CEO

Bank's merger with Oriental Bank of Commerce and Punjab National Bank will be smooth, says Ashok Kumar Pradhan.

PSU bank employees to go on two-day strike from Friday over wage revision

Earlier this week, a meeting with the Chief Labour Commissioner remained inconclusive, AIBOC President Sunil Kumar said

Irdai issues norms to protect group policyholders of merging state banks

Moreover, Irdai has said a bank in its capacity as a group organizer may have group insurance arrangements with any number of insurance firms

Ahead of merger, public sector banks advance promotions and transfers

According to sources, promotions and transfers till scale four at officers' level for the financial year 2020-21 is being decided by individual banks

Key policy steps taken by NDA govt this year to revive a sagging economy

Macroeconomic parameters have shown that the Indian economy is going through a rough patch. Here are the key policy decisions taken by the govt in 2019, to bring the India growth story back on track

Amalgamated entity of 3 PSBs to retain sovereign status: UBI chief

The merger of the three PSBs is scheduled to come into force from April 1 next year.

Irdai may allow merged state-run banks to hold over 10% in insurance firms

Some of the 10 public sector banks that are merging into four are promoters of insurance entities as well

Merger of 10 public sector banks won't lead to any job losses: Govt

In August, the government announced a mega plan to merge 10 public sector banks into four with a view to creating fewer and stronger global-sized lenders with robust balance sheets

Post-merger preparations: PNB seeks time to offload stake in insurance JV

Union Bank holds around 46 per cent stake in Star Union Dai-ichi Life Insurance and Andhra Bank is a part of IndiaFirst Life Insurance with 30 per cent stake

Bank unions to go on first major strike on October 22 against merger

While banking operations are expected to be hit due to the strike, many banks, including branches of SBI are likely to remain open

Corporate tax cut will not benefit banks: PNB MD & CEO S S Mallikarjuna Rao

In an interview with Somesh Jha, Rao spoke about the road map of the amalgamation and how the corporate tax cut and repo rate-linked products will impact the finances of banks

Loan mela comeback: Missed history lessons

The loan mela announced by Union FM Sitharaman is not new. It was initiated under Indira Gandhi's term and it failed miserably

Bank mergers may bring down the curtains for old-world forex brokerages

The flurry of state-run bank mergers will see an era come to an end

Letter to BS: Merger process at BoB may serve as a template for other PSBs

Undoubtedly, this merger is going to create a case study for the students of management and banking professionals, this merger was of a different kind and of a larger scale also

Trade unions of public sector banks call off two-day nationwide strike

AIBOA, the Indian National Bank Officers' Congress and the National Organisation of Bank Officers had called for a two-day strike opposing the amalgamation of banks

Loan camps by public sector banks, NBFCs in 200 districts from October 3

The loan camps are being held later than the scheduled date of September 24-29 as lenders will be involved in finalising their balance sheets during this period

Cricket, culture and PSU bank merger

The market may take time to digest the BoB-Vijaya-Dena merger but it could be a template for the next four mergers to create "NextGen" mega banks

As bank mergers loom, PSB contractual workers stare at job losses

Most PSBs have already been closing down ATMs, as well as doing away with security guards in the existing ones