Psu Bank Merger
Future-ready banking
Book review of Transformational Leadership in Banking: Challenges of Governance, Leadership and HR in a Digital and Disruptive World
 "Future-ready banking")
How the PSU bank merger that comes into force on April 1 will impact you
PSU Bank merger: You'll have to take stock of your cheque books, passbooks, IFCS, ECS mandates and other things once you start dealing with the new entity
 "How the PSU bank merger that comes into force on April 1 will impact you")
More banks likely to join RBI's list of 'systemically important banks'
Move result of change in pecking order post-mergers
 "More banks likely to join RBI's list of 'systemically important banks'")
How Indian Bank-Allahabad Bank amalgamation proved an unlikely success
The merger was complicated by the fact that the government had not allowed post-merger lay-offs for any of the banks under this process
 "How Indian Bank-Allahabad Bank amalgamation proved an unlikely success")
Indian-Allahabad Bank amalgamation: Changes & all the post-merger details
Despite the pandemic, the Allahabad Bank merger with Indian Bank concluded the final technical amalgamation (software integration) last month
 "Indian-Allahabad Bank amalgamation: Changes & all the post-merger details")
Allahabad Bank merger: Combined CBS platform a success, says Indian Bank
This is the final step in the amalgamation, with data of 3,000-plus branches and all channels of erstwhile Allahabad Bank migrating seamlessly to Indian Bank database
 "Allahabad Bank merger: Combined CBS platform a success, says Indian Bank")
PSBs rally on privatisation buzz; Nifty PSU Bank index up 2%; PNB gains 4%
Canara Bank, Bank of Maharashtra, Bank of Baroda, and State Bank of India surged between 2.6 per cent and 6 per cent in the intra-day trade today
 "PSBs rally on privatisation buzz; Nifty PSU Bank index up 2%; PNB gains 4%")
PSBs shouldn't be privatised, reduce govt stake to 26%: RBI Board member
RBI Board member Satish Marathe said public sector banks need an overhaul of their systems, processes and staff attitudes to be relevant and effective in the future
 "PSBs shouldn't be privatised, reduce govt stake to 26%: RBI Board member")
United Bank of India, OBC slipped into red before merger with PNB
While UBI posted a net loss of around Rs 6,700 crore in the quarter ending March 2020 (Q4FY20), OBC logged a net loss of around Rs 2,700 crore, an executive said, requesting anonymity.
 "United Bank of India, OBC slipped into red before merger with PNB")
One month of bank merger: Coronavirus lockdown proves a dampener
On April 1, Punjab National Bank (PNB) took over Oriental Bank of Commerce (OBC) and United Bank of India (UBI) to become the country's second-largest lender after SBI in terms of business
 "One month of bank merger: Coronavirus lockdown proves a dampener")
Indian Bank sees new opportunities with larger footprint after merger
Both the banks have come together amid the coronavirus (Covid-19) lockdown and started working as a single bank with a larger footprint.
 "Indian Bank sees new opportunities with larger footprint after merger")
Irdai grants exemptions to merged banks on corporate agency matters
Irdai has said the acquiring bank can retain the existing certificate of registration (COR) to act as a corporate agent and surrender the COR's held by the acquired banks
 "Irdai grants exemptions to merged banks on corporate agency matters")
We might raise capital through AT-1 bonds in H2, says Rajkiran Rai G
Union Bank of India's Rajkiran Rai G, in an interview with Abhijit Lele, talks about managing the integration of banks amid lockdown, raising capital
 "We might raise capital through AT-1 bonds in H2, says Rajkiran Rai G")
Bank merger: Will approach markets for capital in Q3, says Mallikarjuna Rao
The ecosystem is favourable to us because of the developments over the last two months. Therefore, we will have to work in converting that confidence into business relationships, says Rao
 "Bank merger: Will approach markets for capital in Q3, says Mallikarjuna Rao")
No immediate plans to exit Universal Sompo: Padmaja Chunduru of Indian Bank
In a March 31 Q&A, the lender's MD & CEO dwells on its strengths following the amalgamation with Allahabad Bank
 "No immediate plans to exit Universal Sompo: Padmaja Chunduru of Indian Bank")
Indian Bank allots 520.5 mn shares to Allahabad Bank shareholders
The bank is in the process of filing listing applications with the stock exchanges
 "Indian Bank allots 520.5 mn shares to Allahabad Bank shareholders")
Merger of 10 PSU banks into 4 effective from today; 6 banks cease to exist
Experts said merger at this point of time will not be very smooth and seamless. However, heads of the anchor banks are exuding confidence
 "Merger of 10 PSU banks into 4 effective from today; 6 banks cease to exist")
Coronavirus outbreak: Consolidation in PSB space now a reality
Each of the amalgamated entities with scale and national reach would have a business of over Rs 8 trillion.
Bank mergers: Allahabad Bank branches are now Indian Bank branches
Effective April 1, Allahabad Bank will merge with Indian Bank, creating an entity with over 6,000 branches, 4,800 ATMs, 43,000 employees, 120 million customers and business mix of Rs 8 trillion
Merger of 10 PSBs into 4: Gains may not accrue soon for investors
Experts say concern over growth, credit cost, and asset quality would restrict valuation improvement despite sharp correction in share prices
 "Merger of 10 PSBs into 4: Gains may not accrue soon for investors")
