bank merger

Bank unions to stage dharna before Parliament on December 10

In August, the government announced its plan to merge 10 public sector lenders into four to create fewer and stronger global-sized banks.

published on : 21st November 2019

Unions' strike against PSB mergers partially hits banking operations

The whole priority will now shift to mergers and bad loan recovery will become the casualty,” General Secretary of All India Bank Employees Association (AIBEA) C H Vekatachalam said. 

published on : 22nd October 2019

Banking operations to be hit on Tuesday due to strike

In a joint circular to their members, the two unions said, 'IBA appealed to us not to go ahead with the strike but could not come out to resolve any of the demands raised by us.'

published on : 21st October 2019

Portals seeking customer views on merger with Allahabad Bank to be set soon: Indian Bank

A meeting was organised in Vijayawada recently following the in-principle approvals from the respective boards of Indian Bank and Allahabad Bank.

published on : 14th October 2019

Mega bank merger: 34 functional teams to smoothen amalgamation of UBI, PNB, OBC

'A team comprises two members each from the three banks from different functional areas,' a UBI official said.

published on : 2nd October 2019

Keep cash handy as banks to stay shut on Sept 26, 27, 28

This is a part of the all India bank strike which will be held to protest against the merger of 10 state-run banks.

published on : 21st September 2019

AITUC backs bank officers' 2 day strike against merger of banks

AITUC pointed out that earlier two mergers have not resulted into any tangible gains as bad loans have not come down.

published on : 20th September 2019

Bank unions threaten two-day strike later this month

The strike call has been given by All India Bank Officer's Confederation against the mega-merger of 10 nationalised banks and expeditious wage revision, the introduction of the five-day week etc.

published on : 12th September 2019

Bank unions to oppose merger, to renegotiate wage revision

The unions, which met on Wednesday, will decide on the next course of action at their next meet on September 20.

published on : 12th September 2019

Union Bank board okays merger with Andhra, Corp Bank; clears Rs 17,200 crore capital infusion

Finance Minister Nirmala Sitharaman had on August 30 announced a mega-merger of pubic sector banks.

published on : 9th September 2019

Four new big banks: Will they be of any help?

For PNB, the merger comes at a time when its balance sheet is under stress. The merged entity will restore its status as the country's second-largest public sector bank.

published on : 9th September 2019

Andhra Bank Employees Union opposes bank’s merger

The Andhra Bank Employees Union staged a dharna here on Thursday in protest against the Centre’s decision to merge Andhra Bank with the Union Bank and Corporation Bank.

published on : 6th September 2019

Execution remains key in the amalgamation of public sector banks: Ind-Ra

The measure related to the recruitment of a chief risk officer at market-linked compensation especially is likely to drive an improvement in the risk framework, said Ind-Ra.

published on : 4th September 2019

Canara Bank board to meet next week to consider Rs 9,000 crore capital infusion

Last week, the government unveiled a mega plan to merge 10 public sector banks into four with a view to creating fewer and stronger global-sized lenders.

published on : 4th September 2019

RBI surplus transfer, bank merger to aggravate economic slowdown: Sitaram Yechury 

Yechury batted for boosting domestic demand through public investments.

published on : 3rd September 2019
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