Page 5 - Bank Mergers

PSBs consolidation building block for $5 trillion economy: Finance secy

The consolidation will help create strong and globally competitive banks with economies of scale and enable realisation of wide-ranging synergies, he said

Merger will force branch closures, hit customer service: staff association

Branch closure would mean more customers going to fewer branches. Banking services would be impacted, as the customer population per branch will increase

PNB to hold meeting on Sept 5 to consider merger with OBC, United Bank

The government on Friday unveiled a mega plan to merge 10 public sector banks into four as part of plans to create fewer and stronger global-sized lenders

Consolidation of public sector banks may boost sentiment in the near term

Lower MTM provisioning already making these lenders attractive

Govt moves to reform bank boards: The six new rules you should know

Experts say it won't be easy to appraise general managers because the board won't be knowledgeable enough

Mergers lack logic, will destabilise finance and economy more: Bank unions

While announcing the merger, finance minister Nirmala Sitharaman said plans is to create fewer but stronger global- sized banks for building a $ 5 trillion economy

Implications of bank mergers: Overhaul of subsidiaries to cause pain

Number of branches, HR policies are other issues in bank mergers; bandwidth of managements will be tested

Government creates banking behemoths to boost India's flagging economy

News of the mergers comes minutes before official data is expected to confirm a fifth-straight quarter of slowing economic growth

PSB merger on expected lines; buy stocks for the long-term: Analysts

Investors need to understand the share swap ratio and the other details of the proposed merger, analysts caution

Public sector banks merger: Modi govt to announce big bang plan soon

Finance ministry has called a meeting with chief executives of ten public sector banks on Friday

Explained: What was the need to merge Vijaya, Dena Bank with Bank of Baroda

The merged entity will become India's third largest bank after SBI and HDFC Bank

Decoding govt's move to amalgamate Bank of Baroda, Dena Bank, Vijaya Bank

The recent announcement by the government to go in for an amalgamation of three public sector banks raises several legal/regulatory issues. Sudipto Dey explains the key implications

Bank consolidation blues: Forced mergers could be a tricky affair

After it merged five associate banks into SBI last year and followed it up with LIC's proposed takeover of IDBI Bank, govt is now amalgamating Bank of Baroda, Dena, and Vijaya Bank

Merger no solution

Till stressed sectors remain under stress, the health of the banks will not improve

BoB, Canara may lead round 2 of bank mergers

Dena Bank, Vijaya Bank, UCO Bank among the acquisition targets

Govt considers merging 26 banks into six big lenders

SBI, PNB, Canara Bank, Union Bank, Bank of Baroda and Bank of India said to be leading merger, as per a government proposal

Bank mergers: Changes that customers can expect

Loan rates will change at the next reset, while deposit rates will continue till maturity as the contract is binding on the bank