India: Centre rules out new PSU bank mergers
3 months, 3 weeks ago

India: Centre rules out new PSU bank mergers

Deccan Chronicle  

New Delhi: The Centre may not consider merger of public sector banks as several reforms undertaken by the government in the banking sector have created systemic improvements and instituted checks and controls to minimise the risk of recurrence of excessive stress, the government said on Tuesday. “The reforms undertaken by the government in the banking sector have created systemic improvements and instituted checks and controls to minimise the risk of recurrence of excessive stress,” Mr Chaudhary said. In the biggest consolidation exercise in the banking space, the government in August 2019, had announced four major mergers of public sector banks, bringing down their total number to 12 from 27 in 2017, a move aimed at making state-owned lenders global-sized banks. Prior to this, the government had merged five associate banks of SBI and Bharatiya Mahila Bank with the State Bank of India.

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History of this topic

Two small-cap PSU banks set for a leap?
3 months, 2 weeks ago

Two small-cap PSU banks set for a leap?

Live Mint  

The Indian stock market has seen remarkable movements in recent years, with public sector undertaking banks emerging as a standout sector. Within this space, small-cap PSU banks like UCO Bank and Central Bank of India are showing significant potential and positioning themselves as future leaders. This scenario would likely benefit smaller PSU banks like UCO Bank and Central Bank of …

Karnataka government to close SBI, PNB accounts
7 months, 2 weeks ago

Karnataka government to close SBI, PNB accounts

Hindustan Times  

Karnataka’s finance department on Wednesday directed all state government departments, public sector undertakings, boards, corporations, local bodies, universities, and other state-run institutions to close their accounts with State Bank of India and Punjab National Bank. The other case pertained to the Karnataka State Pollution Control Board, which had invested ₹10 crore in a fixed deposit at the erstwhile State Bank …

Government may introduce amendments to laws to push banking sector reforms in Budget session
8 months, 2 weeks ago

Government may introduce amendments to laws to push banking sector reforms in Budget session

The Hindu  

The government is likely to introduce amendments to Banking Regulation Act 1949 and other laws to push banking sector reforms during the upcoming Budget session. Apart from this, amendments in the Banking Companies Act, 1970, and the Banking Companies Act, 1980 are needed for privatisation of public sector banks, sources said. Amendments, if approved by Parliament, would help bring down …

India needs more SBI-sized banks, or three times larger: FM Nirmala Sitharaman
1 year, 1 month ago

India needs more SBI-sized banks, or three times larger: FM Nirmala Sitharaman

Live Mint  

New Delhi: India needs more “SBI-size” banks to meet the growing needs of the economy and industry, particularly as the country aspires to grow to be the world’s third-largest economy, finance minister Nirmala Sitharaman said. In an interview with Mint, the finance minister said the country needs to create an atmosphere so larger overseas banks can enter India, and more …

FinMin revises letter, scotches PSU bank merger speculation
1 year, 3 months ago

FinMin revises letter, scotches PSU bank merger speculation

Live Mint  

The Union finance ministry has rectified the agenda of a parliamentary committee meeting scheduled for early next year, putting an end to speculation of a potential merger of public sector banks—UCO Bank with Union Bank of India, and Bank of India with Bank of Maharashtra. In a letter addressed to, among others, the bank chiefs of the four PSU banks …

ECONOMIC PERSPECTIVES | Is a reversal of bank nationalisation on the cards?
2 years, 2 months ago

ECONOMIC PERSPECTIVES | Is a reversal of bank nationalisation on the cards?

The Hindu  

Published : Jan 26, 2023 10:25 IST The semi-annual Financial Stability Report from the Reserve Bank of India signals that the country’s banking system, especially the public banking system, has put behind it the stress from disturbingly high non-performing or bad loans on its books. The asset quality review resulted in an increase in the volume of recorded gross NPAs …

RBI to conduct customer satisfaction survey on bank mergers
3 years, 11 months ago

RBI to conduct customer satisfaction survey on bank mergers

India TV News  

RBI to conduct customer satisfaction survey on bank mergers Among other things, the respondents will be asked whether the merger was positive from the point of customer services. The Reserve Bank of India has decided to conduct a customer satisfaction survey to find out the impact of the recent mergers of state-owned banks on banking services being availed by individuals. …

Your Existing Chequebook, Passbook will become invalid from Today. Details Here
3 years, 11 months ago

Your Existing Chequebook, Passbook will become invalid from Today. Details Here

News 18  

The merger of Dena Bank, Vijaya Bank, Corporation Bank, Andhra Bank, Oriental Bank of Commerce, United Bank and Allahabad Bank came into effect on April 1, 2019, and April 1, 2020. While, Oriental Bank of Commerce and United Bank of India were merged with Punjab National Bank, followed by Syndicate Bank merger with Canara Bank, Andhra Bank and Corporation Bank …

Your Existing Cheque Book, Passbook to Become Invalid from April 1, Here's Why
3 years, 11 months ago

Your Existing Cheque Book, Passbook to Become Invalid from April 1, Here's Why

News 18  

The merger of Dena Bank, Vijaya Bank, Corporation Bank, Andhra Bank, Oriental Bank of Commerce, United Bank and Allahabad Bank came into effect on April 1, 2019, and April 1, 2020. Alerting their customers, PNB and Bank of Baroda had already informed that the existing cheque books of OBC, United Bank of India, Vijaya Bank, and Dena Bank will get …

Cheque Book, Passbook of these banks to Become Invalid from April 1. Here's why
4 years ago

Cheque Book, Passbook of these banks to Become Invalid from April 1. Here's why

News 18  

The merger of Dena Bank, Vijaya Bank, Corporation Bank, Andhra Bank, Oriental Bank of Commerce, United Bank and Allahabad Bank came into effect on April 1, 2019, and April 1, 2020. Alerting their customers, PNB and Bank of Baroda had already informed that the existing cheque books of OBC, United Bank of India, Vijaya Bank, and Dena Bank will get …

Centre likely to bring amendments to two legislations to facilitate privatisation of PSU banks
4 years, 1 month ago

Centre likely to bring amendments to two legislations to facilitate privatisation of PSU banks

Firstpost  

New Delhi: To facilitate the privatisation of public sector banks, the government is likely to bring amendments to two legislations later this year. Finance Minister Nirmala Sitharaman while presenting Budget 2021-22 earlier this month had announced the privatisation of Public Sector Banks as part of disinvestment drive to garner Rs 1.75 lakh crore. “Other than IDBI Bank, we propose to …

Govt to amend two Acts to enable privatisation of PSU banks
4 years, 1 month ago

Govt to amend two Acts to enable privatisation of PSU banks

India TV News  

To facilitate privatisation of public sector banks, the government is likely to bring amendments to two legislations later this year. The ongoing Budget session is scheduled to take up as many as 38 Bills including the Finance Bill 2021, Supplementary Demands for Grants for 2020-21 and related Appropriation Bill, National Bank for Financing Infrastructure and Development Bill, 2021, and Cryptocurrency …

Budget 2021: Two PSU Banks, One Insurance Firm to be Privatised, Here's What You Need to Know
4 years, 1 month ago

Budget 2021: Two PSU Banks, One Insurance Firm to be Privatised, Here's What You Need to Know

News 18  

Finance Minister Nirmala Sitharaman in her Union Budget 2021 speech on February 1 announced that two public sector banks and one general insurance company will be privatised as she revealed the government’s intent to focus more on disinvestment going forward. The privatisation of two public sector banks and one general insurance company comes as part of the consolidation in the …

Know the Changes Affecting Customers Post Corporation Bank, Andhra Bank Merger with Union Bank of India
4 years, 2 months ago

Know the Changes Affecting Customers Post Corporation Bank, Andhra Bank Merger with Union Bank of India

News 18  

The migration of all the customers of the Corporation Bank and Andhra Bank has been successfully completed to the core banking solution of Union Bank of India. Internet banking, mobile banking, UPI, IMPS, treasury and swift have also been rolled out by UBI for Andhra and Corporation Bank customers. No changes have been made to the account number and customer …

New NPA Cycle, Privatisation Among Ailments in Banking that Union Budget 2021 is Expected to Address
4 years, 2 months ago

New NPA Cycle, Privatisation Among Ailments in Banking that Union Budget 2021 is Expected to Address

News 18  

With the Union Budget less than a week away, stakeholders in the banking sector expect the Centre to go beyond recapitalisation of bonds to infuse capital in public sector banks. The RBI’s stress test recently revealed that bank NPAs could jump from 7.5 per cent in September last year to 13.5 per cent by September this year. The gross non-performing …

AIBOC Opposes Merger of LVB with DBS Bank, Pitches for Merger With State-owned Bank
4 years, 4 months ago

AIBOC Opposes Merger of LVB with DBS Bank, Pitches for Merger With State-owned Bank

News 18  

A day after the RBI put in public domain a draft scheme of merger of Lakshmi Vilas Bank with subsidiary of Singapore-based DBS, public sector banks’ officer union AIBOC on Wednesday said the amalgamation is not in the national interest and demanded the consolidation with any PSB. The proposed amalgamation of the cash-strapped LVB with DBS Bank India seems to …

RBI Excludes 6 PSBs from Second Schedule of RBI Act
4 years, 5 months ago

RBI Excludes 6 PSBs from Second Schedule of RBI Act

News 18  

The RBI has excluded six public sector banks, including OBC and Allahabad Bank, from the Second Schedule of the RBI Act following their merger with other banks. The six banks are Syndicate Bank, Oriental Bank of Commerce, United Bank of India, Andhra Bank, Corporation Bank, and Allahabad Bank. "We advise that Syndicate Bank has been excluded from the Second Schedule …

Coronavirus Lockdown: Economy needs support from PSBs, says Union Bank chief Rajkiran Rai G
4 years, 10 months ago

Coronavirus Lockdown: Economy needs support from PSBs, says Union Bank chief Rajkiran Rai G

Firstpost  

The country’s economy, which has been hit by the COVID-19 outbreak, needs support from the public sector banks to boost credit growth, an official said on Friday Kolkata: The country’s economy, which has been hit by the COVID-19 outbreak, needs support from the public sector banks to boost credit growth, an official said on Friday. The number of PSBs has …

Mega PSU bank merger marks new dawn for Indian banking space: Finance ministry
4 years, 11 months ago

Mega PSU bank merger marks new dawn for Indian banking space: Finance ministry

Firstpost  

The biggest-ever consolidation exercise in the public sector banking space effected on Wednesday will mark a new dawn for the Indian banking sector, the Finance Ministry said on Wednesday New Delhi: The biggest-ever consolidation exercise in the public sector banking space effected on Wednesday will mark a new dawn for the Indian banking sector, the Finance Ministry said on Wednesday. …

Mega-Merger Of PSU Banks To Be Effective From Today; Key Points
4 years, 11 months ago

Mega-Merger Of PSU Banks To Be Effective From Today; Key Points

ABP News  

According to the scheme, Oriental Bank of Commerce and United Bank of India will be merged into Punjab National Bank; Syndicate Bank into Canara Bank; Allahabad Bank into Indian Bank; and Andhra and Corporation banks into Union Bank of India. Branches of Oriental Bank of Commerce and United Bank of India will operate as branches of Punjab National Bank; Syndicate …

PSB mergers the new hurdle for resolutions under IBC
5 years ago

PSB mergers the new hurdle for resolutions under IBC

Live Mint  

The approaching deadline for the merger of small public sector banks with their larger counterparts is slowing down resolution of cases under the Insolvency and Bankruptcy Code. While small state-run banks generally have limited influence in lender committees of large assets, in cases where they have a substantial say, key decisions on resolution are being postponed until the ongoing mergers …

10 State-owned banks announce share swap ratios for mergers with nearing of March-end deadline
5 years ago

10 State-owned banks announce share swap ratios for mergers with nearing of March-end deadline

Firstpost  

The Union Cabinet on Wednesday had okayed the amalgamation of 10 public sector banks to create four large state-owned lenders with effect from 1 April, 2020 New Delhi: With the March-end deadline for the biggest-ever amalgamation scheme is approaching, ten state-owned banks on Thursday announced swap ratios for the proposed mergers. Andhra Bank said, “Further, the board of directors of …

Amalgamation of 10 public sector banks into 4 from April 1: Sitharaman
5 years ago

Amalgamation of 10 public sector banks into 4 from April 1: Sitharaman

India TV News  

Amalgamation of 10 public sector banks into 4 from April 1: Sitharaman ​The Union Cabinet on Wednesday approved amalgamation of 10 public sector banks, including Allahabad Bank, Andhra Bank and OBC, to create large four state-owned lenders with effect from April 1, Finance Minister Nirmala Sitharaman said. The Union Cabinet on Wednesday approved amalgamation of 10 public sector banks, including …

Ten public sector banks' merger to come into effect from 1 April, says Nirmala Sitharaman – Firstpost
5 years ago

Ten public sector banks' merger to come into effect from 1 April, says Nirmala Sitharaman – Firstpost

Firstpost  

New Delhi: The Union Cabinet on Wednesday approved amalgamation of 10 public sector banks, including Allahabad Bank, Andhra Bank and OBC, to create large four state-owned lenders with effect from 1 April, Finance Minister Nirmala Sitharaman said. As per the mega consolidation plan, Oriental Bank of Commerce and United Bank of India will merge into Punjab National Bank; Syndicate Bank …

Govt closely monitoring coronavirus impact on economy: Nirmala Sitharaman
5 years, 1 month ago

Govt closely monitoring coronavirus impact on economy: Nirmala Sitharaman

The Hindu  

February 26, 2020 08:43 pm | Updated November 28, 2021 12:27 pm IST - New Delhi Finance Minister Nirmala Sitharman on Wednesday said the government is keeping a close watch on the impact of the COVID-19 outbreak on the Indian economy. On bank mergers, Ms. Sitharaman said there is “no uncertainty about bank merger” and the process is on as …

Mega bank consolidation: Meeting 1 April deadline appears challenging with approvals, clearances still pending
5 years, 1 month ago

Mega bank consolidation: Meeting 1 April deadline appears challenging with approvals, clearances still pending

Firstpost  

According to a senior banker, information technology integration of Vijaya Bank and Dena Bank with Bank of Baroda is still in process even after 10 months of merger. Mumbai: With the deadline of 1 April fast approaching for the mega merger of 10 public sector banks, there seems to be more odds in the way of meeting the target date …

Govt likely to notify merger of 10 PSU banks this week; all lenders to complete amalgamation procedures by April
5 years, 1 month ago

Govt likely to notify merger of 10 PSU banks this week; all lenders to complete amalgamation procedures by April

Firstpost  

The banks will need to follow regulatory formalities to protect the interest of minority shareholders. The government is expected to notify the merger of 10 public sector banks that it had announced last year to create four big banks this week and the merger process may be completed by April, said a news report. Union Bank, Andhra Bank, Corporation Bank …

Maharashtra Co-op Bank pitches for branch merger of PMC Bank
5 years, 1 month ago

Maharashtra Co-op Bank pitches for branch merger of PMC Bank

India TV News  

Maharashtra State Co-operative Bank has written to Union Finance Minister Nirmala Sitharaman seeking merger of branches of PMC Bank, in case of a takeover of the troubled lender, a top official said on Tuesday. In support of his argument, Anaskar reminisced over six years ago, there was a similar proposal for a branch merger of the troubled Rupee Cooperative bank …

Union Budget 2020: Budget May Provision Rs 50k Cr Recap For PSU Banks
5 years, 2 months ago

Union Budget 2020: Budget May Provision Rs 50k Cr Recap For PSU Banks

ABP News  

New Delhi: The Union Budget 2020 may allocate Rs 50,000 crore recapitalisation for the banks undergoing merger to support them through the amalgamation with the anchor banks. The new merged bank will be the second-largest PSB in the country with Rs 18 lakh crore business and the second-largest branch network in India. The Canara and Syndicate Banks will also merge …

Key policy steps taken by NDA govt this year to revive a sagging economy
5 years, 3 months ago

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

Business Standard  

There is little doubt that the Indian economy is going through a rough patch, earning the government a great deal of flak. On August 23, she announced an upfront capital infusion of Rs 70,000 crore into public sector banks in a move aimed at generating additional lending capacity and liquidity in the financial system to the extent of Rs 5 …

Maharashtra government suggests merger of troubled PMC Bank with MSC Bank
5 years, 3 months ago

Maharashtra government suggests merger of troubled PMC Bank with MSC Bank

India TV News  

In a bid to provide relief to depositors of the troubled lender, the Maharashtra government has suggested the scam-hit Punjab and Maharashtra Cooperative Bank be merged with the MSC Bank. The state government will also speak to the Reserve Bank of India on the issue of merger of the Maharashtra State Cooperative and PMC banks, if the need arises, Patil …

Post merger of Syndicate Bank, Canara Bank turnover will be Rs 15 lakh crore: Chairman
5 years, 3 months ago

Post merger of Syndicate Bank, Canara Bank turnover will be Rs 15 lakh crore: Chairman

India TV News  

The Canara Bank and the Syndicate Bank, set to be merged as part of the Centre's mega consolidation plan for banks, would become one entity from April next year and their combined turnover will be Rs 15 lakh crore, a top official said on Wednesday. Canara Bank Chairman T N Manoharan said his bank was having a business of Rs.10 …

No job losses post merger of 10 PSBs: Government
5 years, 3 months ago

No job losses post merger of 10 PSBs: Government

India TV News  

The government on Tuesday assured the Rajya Sabha that merger of 10 public sector banks will not lead to any job losses and employees' interest will be protected. During the Question Hour, Minister of State for Finance Anurag Singh Thakur said lending and other banking services to eastern states will be improved after two Kolkata-based banks are merged. "Amalgamating banks …

Vijaya Bank, Dena bank removed from second schedule of RBI Act
5 years, 4 months ago

Vijaya Bank, Dena bank removed from second schedule of RBI Act

India TV News  

The Reserve Bank of India on Thursday said it has excluded Vijaya Bank and Dena Bank from the second schedule of the RBI Act, with effect from April 1, 2019. "Vijaya Bank and Dena Bank have been excluded from the second schedule to the Reserve Bank of India Act, 1934 with effect from April 1, 2019, since they have ceased …

Mega merger of PSBs: Employees unions of state-run banks to stage sit-in before Parliament on 10 December
5 years, 4 months ago

Mega merger of PSBs: Employees unions of state-run banks to stage sit-in before Parliament on 10 December

Firstpost  

In August this year, the government announced its plan to merge 10 PSBs into four to create fewer and stronger global-sized banks. Mumbai: Thousands of employees of various state-run banks are planning to stage a sit-in on 10 December in front of the Parliament to protest against the government’s mega merger plan of public sector banks. It had announced four …

PSU bank consolidation: PNB, Union Bank get in-principle nod from govt for proposed merger
5 years, 4 months ago

PSU bank consolidation: PNB, Union Bank get in-principle nod from govt for proposed merger

Firstpost  

New Delhi: Punjab National Bank and Union Bank of India on Monday said they have received in-principle approval from the government for their amalgamation with other public sector banks. “Bank has received a letter dated 13 November, 2019 from Department of Financial Services, Ministry of Finance vide which bank has been advised that Alternative Mechanism, has accorded in-principle approval to …

PNB, Union Bank get in-principal nod from government for proposed merger
5 years, 4 months ago

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

Hindustan Times  

Punjab National Bank and Union Bank of India on Monday said they have received in-principal approval from the government for their amalgamation with other public sector banks. Punjab National Bank is the transferee bank and Oriental Bank of Commerce and United Bank of India as transferor banks. “Bank has received a letter dated November 13, 2019 from Department of Financial …

Over 3,400 branches of 26 public sector banks closed or merged in last 5 years: RTI
5 years, 4 months ago

Over 3,400 branches of 26 public sector banks closed or merged in last 5 years: RTI

Firstpost  

Over 3,400 branches of 26 public sector banks have been either closed or merged during the last five financial years due to merger under the consolidation exercise in the banking space, revealed an RTI query Indore: Over 3,400 branches of 26 public sector banks have been either closed or merged during the last five financial years due to merger under …

Over 3,400 branches of 26 PSBs closed or merged in last 5 years: RTI
5 years, 4 months ago

Over 3,400 branches of 26 PSBs closed or merged in last 5 years: RTI

India TV News  

Over 3,400 branches of 26 public sector banks have been either closed or merged during the last five financial years due to merger under the consolidation exercise in the banking space, revealed an RTI query. Of this, 75 per cent of the affected branches belong to the country's biggest lender State Bank of India. To a query under the Right …

Bank strike against merger today; several branches, ATMs likely to be shut
5 years, 5 months ago

Bank strike against merger today; several branches, ATMs likely to be shut

India TV News  

Employees of two bank unions are on a 24-hour strike from Tuesday morning, which could affect the banking operations across India. The bank strike has been called in protest against the Central government's decision to merge 10 public sector banks into four bigger banks. All the banks which are facing closures, namely Andhra Bank, Allahabad Bank Syndicate Bank, Corporation Bank, …

Bank Strike Alert: Banking services to be hit across several cities for 4 days; check details
5 years, 5 months ago

Bank Strike Alert: Banking services to be hit across several cities for 4 days; check details

India TV News  

Bank Strike Alert: Banks in Maharashtra and Haryana will remain open for only three days this week on account of the Assembly Elections in the states and bank unions strike. Bank employees unions have called a rike on October 22 against the Centre's decision to merge 10 state-run Public Sector Banks into four. Due to this, banking operations could be …

Bank unions on strike tomorrow against 10 public sector banks merger
5 years, 5 months ago

Bank unions on strike tomorrow against 10 public sector banks merger

India TV News  

Bank employees have called for a strike on October 22 to oppose the government's decision to merge 10 state-run banks into four. The two unions of bank employees -- All India Bank Employees Association and Bank Employees Federation of India have jointly called for the strike. State-run banks including Bank of Maharashtra, Oriental Bank of Commerce, Syndicate Bank and Bank …

All India bank strike on October 22 against merger of PSBs
5 years, 5 months ago

All India bank strike on October 22 against merger of PSBs

India TV News  

Banking services could be hampered on next week due to an all-India bank strike called by two large bank unions. All India Bank Employees Association and Bank Employees Federation of India have called for a strike across the country on October 22 to stage a protest against the merger of 10 public sector banks. In a joint statement, the unions …

Total of 34 functional teams to smoothen bank merger of UBI, PNB, OBC; to come into force on 1 April
5 years, 5 months ago

Total of 34 functional teams to smoothen bank merger of UBI, PNB, OBC; to come into force on 1 April

Firstpost  

The complete harmonisation among the three entities would take another 12 to 14 months after the merger Kolkata: A total of 34 functional teams have been formed to smoothen the process of merger of United Bank of India, Punjab National Bank and Oriental Bank of Commerce, a senior official said. “The functional teams will also try standardising the loan process, …

34 functional teams to smoothen merger of UBI, PNB, OBC
5 years, 5 months ago

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

India TV News  

A total of 34 functional teams have been formed to smoothen the process of merger of United Bank of India, Punjab National Bank and Oriental Bank of Commerce, a senior official said. "Thirty four functional teams have been created to come out with solutions for the process of integration," a UBI official told PTI. "The functional teams will also try …

RBI places Lakshmi Vilas Bank under prompt corrective action
5 years, 6 months ago

RBI places Lakshmi Vilas Bank under prompt corrective action

Live Mint  

In a move that might put a question mark on the proposed merger of Indiabulls Housing Finance Ltd with Lakshmi Vilas Bank, the Reserve Bank of India has placed the private bank under its prompt corrective action framework. In regulatory filing on Saturday, the bank said that the central bank has taken this action owing to high level of bad …

Bank unions defer 2-day strike; operations to be normal on Sep 26-27
5 years, 6 months ago

Bank unions defer 2-day strike; operations to be normal on Sep 26-27

India TV News  

Officers' unions of public sector banks have deferred the proposed two-day strike following an assurance from Finance Secretary Rajiv Kumar to look into their concerns. Four unions of bank officers had threatened to go on a two-day strike from September 26 to protest against the consolidation of 10 state-run lenders into four. The Indian Banks' Association had informed SBI that …

Bank strike deferred after assurance from government
5 years, 6 months ago

Bank strike deferred after assurance from government

Live Mint  

Officers' unions of public sector banks have deferred the proposed two-day strike following an assurance from Finance Secretary Rajiv Kumar to look into their concerns. Four unions of bank officers had threatened to go on a two-day strike from September 26 to protest against the consolidation of 10 state-run lenders into four. The Indian Banks' Association had informed SBI that …

No concern to asset quality post UBI, OBC merger: PNB CEO
5 years, 6 months ago

No concern to asset quality post UBI, OBC merger: PNB CEO

India TV News  

The Punjab National Bank, which is the anchor bank for a scheduled merger with the United Bank of India and the Oriental Bank of Commerce, has said that it does not see any erosion in asset quality after the merger and the best HR, process and products will be chosen for the consolidated entity to offer a win-win situation for …

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