Page 2 - Psu Bank Merger

Year in Review: Banking sector bets on reforms, mergers for revival

"Every fundamentals indicate towards higher growth and better future next year," Finance Secretary Rajiv Kumar told PTI, reflecting strong optimism going into 2020

Digital banking initiatives of PSBs under merger likely to be delayed

According to officials, integration of core banking systems may take 12-18 months

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

RBI believes PSU banks merger can create lenders of global scale

Currently, there is not a single domestic lender in the global top 50 list, which since the 2008 global financial meltdown has been dominated disproportionately by Chinese lenders

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

Allahabad Bank's merger with Indian Bank gets in-principle govt nod

Indian Bank is the acquiror while Allahabad Bank is the transferor

PNB, Union Bank get in-principal nod from govt for proposed merger

According to this, United Bank of India and Oriental Bank of Commerce will be merged with Punjab National Bank, making the proposed entity the second largest public sector bank (PSB).

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

34 functional teams formed to smoothen process of PNB, OBC, UBI merger

The merger is scheduled to come into force from April 1 next year

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

Mega merger of PSBs: What happens to their names, logo and identity?

Among other committees formed by banks to implement the merger is a committee on branding, which will look into the issue of logo and name of the bank, said the head of a PSB

Customer to IT integration, banks to follow BoB's footsteps during merger

Banks to take cue from merger of BoB, Vijaya Bank, and Dena Bank

How strong state-owned banks drive growth

The PSBs are expected to focus on infrastructure financing, credit growth, financial inclusion, and digital transactions

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

Will establish IOB as bank focused on South India: MD and CEO Karnam Sekar

In a Q&A, the bank's chief also dwells the strategies to trim down the lender's non-performing assets

Banks meet on Sep 4 to discuss merger; SBI and BoB to share expertise

Lenders to be merged into a single entity to also hold separate meetings to chalk out roadmap; April 1 seen as pragmatic deadline for amalgamation

Latest PSB merger could create Rs 5,000 cr business in IT outsourcing

Including consultancy companies, around Rs 5,000 crore of business could be generated