Page 2 - Psb Mergers

The largest rewrite of the banking history and merger's cultural traps

Govt's focus on technological compatibility over cultural is set to make the largest rewrite of the banking history a complex job

Banks form GM-level teams for merger ease, may hire advisory firms

Banks are also weighing the option of hiring experts for help in specialised areas

Canara Bank to PNB, Moody's affirms rating for five PSBs on merger decision

The affirmations reflect Moody's expectation that the acquiring banks will receive sufficient capital injections

Bank mergers cast shadow on wage negotiations between IBA and unions

Bank unions - officers and workmen - had buried their differences and sat across the table on August 29 to work out a fresh deal with the IBA involving a 20 per cent wage hike

PSB merger plan: OBC, Indian Bank, PNB dip up to 13%; United Bank gains 15%

On Friday, Finance Minister Nirmala Sitharaman unveiled a mega plan to merge 10 public sector banks into four as part of plans to create fewer and stronger global-sized lenders

PSB mergers a credit positive move: Moody's

The government is seeking to consolidate 21 PSBs