Nirmala Sitharaman to review bank merger preparedness amid strike call on Sept 26-27
5 years, 3 months ago

Nirmala Sitharaman to review bank merger preparedness amid strike call on Sept 26-27

India TV News  

Finance Minister Nirmala Sitharaman will conduct a meeting of the heads of PSU banks on Thursday to discuss bank merger-related issues. "Tomorrow's PSB meeting will take up some of the key issues which relate to passing of low cost of borrowing and NPA settlement, doorstep banking and also the merger execution strategies to be taken up by the merging and anchor banks to iron out glitches," a source said. Consolidating the 10 banks into four and converting them into 'NextGen banks', the Finance Ministry has decided to merge United Bank of India and Oriental Bank of Commerce with Punjab National Bank to give birth to India's second largest public sector bank after the State Bank of India. Earlier on Monday, Allahabad Bank's board had also approved the merger proposal with Indian Bank, to make the amalgamated entity the seventh largest public sector lender of the country.

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History of this topic

India: Centre rules out new PSU bank mergers
1 month, 1 week 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 …

Government may introduce amendments to laws to push banking sector reforms in Budget session
5 months, 4 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 …

FinMin revises letter, scotches PSU bank merger speculation
1 year 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 …

Your Existing Chequebook, Passbook will become invalid from Today. Details Here
3 years, 9 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 …

Cheque Book, Passbook of these banks to Become Invalid from April 1. Here's why
3 years, 9 months 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 …

Two-day Bank Strike Ends; Unions Warn of Intensifying Stir if Govt Goes Ahead With Privatisation of PSBs
3 years, 9 months ago

Two-day Bank Strike Ends; Unions Warn of Intensifying Stir if Govt Goes Ahead With Privatisation of PSBs

News 18  

The two-day nationwide strike by the public sector bank unions ended on Tuesday, with disruption in services like cash withdrawals, deposits, cheque clearances, remittances and loan approvals hitting customers. The United Forum of Bank Unions, consisting of nine bank unions — AIBEA, AIBOC, NCBE, AIBOA, BEFI, INBEF, INBOC, NOBW and NOBO — had given the strike call to protest against …

Amid bank strike, Nirmala Sitharaman says not all banks will be privatised
3 years, 9 months ago

Amid bank strike, Nirmala Sitharaman says not all banks will be privatised

India TV News  

Amid bank strike over the proposed privatisation of the public sector banks, Union Minister Nirmala Sitharaman on Tuesday said not all banks are going to be privatised adding the interests of the employees will be taken care of. "Even for those banks which are likely to be privatized, the privatized institutions too will continue to function after privatization; the interests …

Centre likely to bring amendments to two legislations to facilitate privatisation of PSU banks
3 years, 10 months 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
3 years, 10 months 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 …

Banks Unions Call for Two-day Strike Against Proposed Privatisationof PSBs
3 years, 11 months ago

Banks Unions Call for Two-day Strike Against Proposed Privatisationof PSBs

News 18  

The United Forum of Bank Unions, an umbrella body of nine unions, on Tuesday gave a call for a two-day strike from March 15 to protest against the proposed privatisation of two state-owned lenders. It has been decided to oppose the government's decision to privatise banks during the meeting of UFBU held on Tuesday, All India Bank Employees Association general …

Know the Changes Affecting Customers Post Corporation Bank, Andhra Bank Merger with Union Bank of India
3 years, 11 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 …

Mega PSU bank merger marks new dawn for Indian banking space: Finance ministry
4 years, 9 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. …

10 State-owned banks announce share swap ratios for mergers with nearing of March-end deadline
4 years, 10 months 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 …

Govt closely monitoring coronavirus impact on economy: Nirmala Sitharaman
4 years, 10 months 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 …

Govt likely to notify merger of 10 PSU banks this week; all lenders to complete amalgamation procedures by April
4 years, 11 months 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
4 years, 11 months 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: Finance Minister Nirmala Sitharaman has her task cut out for crisis-ridden banking sector
5 years ago

Union Budget 2020: Finance Minister Nirmala Sitharaman has her task cut out for crisis-ridden banking sector

Firstpost  

Union Finance Minister Nirmala Sitharaman has her tasks cut for the Indian banking sector in the Union Budget 2020. The Budget is an opportunity for the finance minister to address some of the long-pending critical issues, beginning with addressing the massive capital requirement for the banks. Capital infusion Since coming to power in 2014, the Narendra Modi-government has pumped in …

No job losses post merger of 10 PSBs: Government
5 years, 1 month 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 …

PSU bank consolidation: PNB, Union Bank get in-principle nod from govt for proposed merger
5 years, 1 month 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, 1 month 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 PSBs closed or merged in last 5 years: RTI
5 years, 2 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 …

Banking services partially affected due to strike by employees to protest against govt's mega-merger plan
5 years, 2 months ago

Banking services partially affected due to strike by employees to protest against govt's mega-merger plan

Firstpost  

Banking services remained affected on Tuesday as employees of state-run banks are on a nation-wide one day strike to protest against the government’s mega-merger plan Mumbai: Banking services remained affected on Tuesday as employees of state-run banks are on a nation-wide one day strike to protest against the government’s mega-merger plan. It had announced four new sets of mergers of …

Banking services partially affected due to strike
5 years, 2 months ago

Banking services partially affected due to strike

India TV News  

Banking services remained affected on Tuesday as employees of state-run banks are on anation-wide one day strike to protest against the government's mega-merger plan. It had announced four new sets of mergers of state-run banks-- Punjab National Bank taking over Oriental Bank of Commerce and United Bank of India; Syndicate Bank merging with Canara Bank; Union Bank of India will …

Bank strike against merger today; several branches, ATMs likely to be shut
5 years, 2 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, 2 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, 2 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 …

Finance Minister Nirmala Sitharaman to meet CEOs of PSU banks on Monday
5 years, 2 months ago

Finance Minister Nirmala Sitharaman to meet CEOs of PSU banks on Monday

India TV News  

Finance Minister Nirmala Sitharaman will hold a review meeting with CEOs of public sector banks on Monday to discuss various issues, including progress on credit offtake, as part of efforts to prop up the economy. The Centre in August issued guidelines on operationalising Rs 1 lakh crore partial guarantee scheme under which PSBs can purchase high-rated pooled assets of financially …

PMC Bank scam: Finance Minister Nirmala Sitharaman faces protesters; promises legislation
5 years, 3 months ago

PMC Bank scam: Finance Minister Nirmala Sitharaman faces protesters; promises legislation

Firstpost  

Finance Minister Nirmala Sitharaman on Thursday faced irate depositors of Punjab and Maharashtra Co-operative Bank, and promised to bring in legislative changes for upholding of their interests Mumbai: Finance Minister Nirmala Sitharaman on Thursday faced irate depositors of Punjab and Maharashtra Co-operative Bank, and promised to bring in legislative changes for upholding of their interests. The depositors had gathered outside …

Will speak to RBI Governor, Nirmala Sitharaman assures PMC bank depositors
5 years, 3 months ago

Will speak to RBI Governor, Nirmala Sitharaman assures PMC bank depositors

The Hindu  

Finance Minister Nirmala Sitharaman assured the depositors of Punjab and Maharashtra Cooperative Bank that she would once again raise the issue of their distress to the RBI governor on Wednesday. Ms. Sitharaman, who was in Mumbai to campaign for the BJP-Shiv Sena alliance for the upcoming Maharashtra Assembly elections was greeted by agitated depositors of Punjab and Maharashtra Bank. Stating …

Total of 34 functional teams to smoothen bank merger of UBI, PNB, OBC; to come into force on 1 April
5 years, 3 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, 3 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 …

Bank unions defer 2-day strike; operations to be normal on Sep 26-27
5 years, 3 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 …

No concern to asset quality post UBI, OBC merger: PNB CEO
5 years, 3 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 …

RBI to ensure mega bank mergers non-disruptive, central bank in discussion with govt: Shaktikanta Das
5 years, 3 months ago

RBI to ensure mega bank mergers non-disruptive, central bank in discussion with govt: Shaktikanta Das

Firstpost  

The Reserve Bank of India is in discussions with the government to ensure that the mega bank merger process is carried out in a non-disruptive, governor Shatikanta Das said on Friday Mumbai: The Reserve Bank of India is in discussions with the government to ensure that the mega bank merger process is carried out in a non-disruptive, governor Shatikanta Das …

Two bank unions to go on strike Oct 22
5 years, 3 months ago

Two bank unions to go on strike Oct 22

India TV News  

Two major unions in the banking sector on Thursday announced that they would go on a one-day strike on October 22 protesting against the merger of government-owned banks. The two unions are All India bank Employees' Association and Bank Employees Federation of India. In a joint communication to the Chairman, Indian Banks' Association the lobby for banks and the Chief …

Five things to watch out for in Nirmala Sitharaman’s meeting with PSB heads
5 years, 3 months ago

Five things to watch out for in Nirmala Sitharaman’s meeting with PSB heads

Live Mint  

Finance minister Nirmala Sitharaman will meet heads of public sector banks on Thursday for a review meeting. Under the merger plan, Punjab National Bank, Oriental Bank of Commerce and United Bank will be brought together to form the second largest public sector bank in the country, after State Bank of India. While announcing the merger, finance secretary Rajiv Kumar had …

Boards of Corporation Bank, Allahabad Bank give in-principal approval for respective merger plans
5 years, 3 months ago

Boards of Corporation Bank, Allahabad Bank give in-principal approval for respective merger plans

Firstpost  

New Delhi: Corporation Bank on Monday said the board has given its in-principle approval for the merger with Union Bank of India. “The board of directors in its meeting held on 16 September, 2019 has given in-principle approval for the amalgamation of the Corporation Bank into Union Bank of India,” it said in a regulatory filing. Earlier on 9 September, …

Strike call given by bank officers' union may affect normal business at branches: SBI
5 years, 3 months ago

Strike call given by bank officers' union may affect normal business at branches: SBI

Firstpost  

New Delhi: The State Bank of India on Monday said the operations of the bank could be affected if the two-day strike call given by officers’ unions materialises. The bank has been advised by Indian Banks’ Association that the All India Bank Officers’ Confederation, All India Bank Officers’ Association, Indian National Bank Officers’ Congress and National Organisation of Bank Officers …

Bank unions call for two-day strike from Sept 26, SBI says normal ops likely to be affected
5 years, 3 months ago

Bank unions call for two-day strike from Sept 26, SBI says normal ops likely to be affected

India TV News  

If you are planning to carry out any important bank-related work on September 26 and 27, you might have to do it before or post it as operations in key public sector banks are likely to be hit due to proposed strike of bank unions. Sitharaman said the Punjab National Bank, Oriental Bank of Commerce and United Bank will merge …

Bank officers' union threatens 2-day strike from Sep 26 against mergers
5 years, 3 months ago

Bank officers' union threatens 2-day strike from Sep 26 against mergers

India TV News  

Four unions of officers of public sector banks have threatened to go on a two-day strike from September 26 to protest against the announced consolidation of 10 state-run lenders into four. All India Bank Officers' Confederation, All India Bank Officers' Association, Indian National Bank Officers' Congress, National Organisation of Bank Officers have jointly served the strike notice. According to the …

Union Bank board okays merger of Andhra, Corporation Bank with itself; clears Rs 17,200-cr capital infusion
5 years, 4 months ago

Union Bank board okays merger of Andhra, Corporation Bank with itself; clears Rs 17,200-cr capital infusion

Firstpost  

Union Bank of India on Monday said its board of directors has approved the merger of Andhra Bank and Corporation Bank with itself and given nod for a capital infusion of Rs 17,200 crore in the current financial year New Delhi: Union Bank of India on Monday said its board of directors has approved the merger of Andhra Bank and …

Andhra Bank merger proposal unites leaders, people in Andhra Pradesh
5 years, 4 months ago

Andhra Bank merger proposal unites leaders, people in Andhra Pradesh

Deccan Chronicle  

VIJAYAWADA: The end of the road for the 96-year old Andhra Bank as proposed by the Centre is not going down well with the people of AP. The ruling YSR Congress, opposition Telugu Desam, Congress and Communist parties and several other organisations are against the proposed merger of Andhra Bank, an entity that has brought recognition to the people of …

Union Bank of India board meet on 9 September to approve amalgamation of Andhra Bank, Corporation Bank with itself
5 years, 4 months ago

Union Bank of India board meet on 9 September to approve amalgamation of Andhra Bank, Corporation Bank with itself

Firstpost  

New Delhi: State-owned Union Bank of India on Wednesday said its Board will meet on 9 September to approve amalgamation of Andhra Bank and Corporation Bank with itself. Besides, the board would also take up the matter related to capital infusion of Rs 11,700 crore, Union Bank of India said in a regulatory filing. In a separate filing, United Bank …

Mega merger: PNB, Canara, Union, Indian Bank shares feel heat on bourses post-amalgamation; what is the shareholder thinking?
5 years, 4 months ago

Mega merger: PNB, Canara, Union, Indian Bank shares feel heat on bourses post-amalgamation; what is the shareholder thinking?

Firstpost  

For better understanding, let’s look at the share movement of the acquiring banks or the anchor banks involved in the merger process. In the two trading sessions after the big bank merger announcement, the public sector banks have lost a combined market cap of close to Rs 11,000 crore. Among others, United of Bank of India has a net NPA …

Watch | Merger of public sector banks
5 years, 4 months ago

Watch | Merger of public sector banks

The Hindu  

In what comes as the second wave of the government’s efforts to revive the economy, Finance Minister Nirmala Sitharaman on Friday announced a slew of banking reform measures, including merger of 10 public sector banks into four entities. This would take the number of banks in the country from 27 in 2017 to 12, Ms. Sitharaman said. These bank mergers, …

PSB stocks plunge up to 10.6% post merger announcement
5 years, 4 months ago

PSB stocks plunge up to 10.6% post merger announcement

India TV News  

Public sector bank stocks, led by Canara Bank, Union Bank and Punjab National Bank, tumbled up to 10.6 per cent on Tuesday after the government announced the merger of 10 state-run lenders into four. Shares of Canara Bank dropped 10.59 per cent, Union Bank of India fell 9.08 per cent, Punjab National Bank plunged 8.55 per cent, Oriental Bank of …

Indian Bank expects to complete merger with Allahabad Bank by 31 March: Managing Director Padmaja Chunduru
5 years, 4 months ago

Indian Bank expects to complete merger with Allahabad Bank by 31 March: Managing Director Padmaja Chunduru

Firstpost  

New Delhi: State-owned Indian Bank expects to complete the merger with Allahabad Bank by the end of current fiscal, a top official said. Last week, the government announced the consolidation of 10 public sector banks into four mega state-owned lenders, including the merger of Allahabad Bank with Indian Bank. I expect that all the process should ideally be over by …

Indian Bank expects to complete merger with Allahabad Bank by March 31
5 years, 4 months ago

Indian Bank expects to complete merger with Allahabad Bank by March 31

India TV News  

State-owned Indian Bank expects to complete the merger with Allahabad Bank by the end of current fiscal, a top official said. Last week, the government announced consolidation of 10 public sector banks into four mega state-owned lenders, including merger of Allahabad Bank with Indian Bank. Indian Bank last week received a communication from Ministry of Finance that the Alternative Mechanism …

Bank merger: Officers associations to meet in Delhi on September 5
5 years, 4 months ago

Bank merger: Officers associations to meet in Delhi on September 5

India TV News  

Opposing the merger of banks, officers associations of various banks will meet in the national capital on September 5 to chalk out the future course of action, a top official of All India Andhra Bank Officers Association said here on Tuesday. Finance Minister Nirmala Sitharaman last week announced the merger of Oriental Bank of Commerce and United Bank with Punjab …

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