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
Merger of 10 PSU banks comes into effect from today; 10 things you need to know about implications of govt's move
10 PSU banks are being amalgamated with a larger bank, referred to as the anchor bank
Mega-merger of PSU banks on schedule: 6 banks cease to exist from today; experts say exercise will not be smooth, seamless
Experts said bank merger at this point of time will not be very smooth and seamless. However, heads of the anchor banks are exuding confidence.
Despite coronavirus lockdown, merger of 10 PSU banks to come into effect from 1 April as planned, says RBI
The RBI has revealed that the scheme of merging 10 PSU banks into four bigger lenders is on schedule despite the country-wide coronavirus lockdown and will come into force from 1 April, 2020
Indian Bank on Thursday said its board will remain unchanged following its merger with Allahabad Bank on 1 April, but its non-performing assets will soar
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
Mega bank consolidation: Meeting 1 April deadline appears challenging with approvals, clearances still pending
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.
Allahabad Bank cuts MCLR by 5 bps across tenors, no change in one-month MCLR of 7.85%; revised rates to be effective from tomorrow
The Asset Liability Management Committee of Allahabad Bank has reviewed the existing MCLR and decided for a downward revision by 5 basis points (bps) across different MCLR tenors.
Indian Bank Q3 profit jumps 62% to Rs 247 cr on reduction in bad loans; results very much in line with expectations, says CEO Padmaja Chunduru
Indian Bank's net NPAs as a percentage of assets reduced to 3.5% during October-December 2019-20 from 4.42% in the year-ago period.
Allahabad Bank shares jump 11% on fresh capital infusion; lender to receive Rs 2,153 cr from govt this financial year
Allahabad Bank had not featured in the list of banks that were approved a total fresh capital infusion of Rs 55,250 crore, as announced on August 30 by the government.
Total of 34 functional teams to smoothen bank merger of UBI, PNB, OBC; to come into force on 1 April
The complete harmonisation among the three entities would take another 12 to 14 months after the merger
Allahabad Bank Result 2019: Allahabad Bank releases Specialist Officer examination result on allahabadbank.in
Allahabad Bank had notified a total of 92 vacancies for SO posts, 14 for JMG Scale-I and 78 in MMG Scale-II posts
Corporation Bank on Monday said the board has given its in-principle approval for the merger with Union Bank of India
Indian Bank expects to complete merger with Allahabad Bank by 31 March: Managing Director Padmaja Chunduru
State-owned Indian Bank expects to complete the merger with Allahabad Bank by the end of current fiscal, a top official said
Opposing the merger of banks, officers associations of various banks will meet in the national capital on 5 September to chalk out the future course of action, a top official of All India Andhra Bank Officers Association said here on Tuesday
Finance Ministry has decided that PNB, OBC and UBI may consider the amalgamation of OBC and UBI into PNB
Government announces plan to merge 10 PSBs to 4 to gain size: Eight questions on big bank merger exercise
Isn’t the consolidation plan going against the policy of Reserve Bank of India and government’s own idea to give more bank licenses to increase competition
United Bank of India, Allahabad Bank to offer repo-linked rates; will pass on benefit of RBI's rate cut to customers
Two city-based banks, United Bank of India (UBI) and Allahabad Bank, have decided to offer select loan products linked to repo rates to pass on the benefit of the RBI's rate cut to their customers, bank officials said on Friday
PNB, Allahabad Bank launch retail loan products linked to RBI repo rate; move will make loans cheaper
Leading state-owned lender Punjab National Bank and Allahabad Bank on Tuesday announced linking of their retail loans with the Reserve Bank's repo rate, which will make loans cheaper
Shares of public sector banks on Monday zoomed up to 10 percent after the government announced upfront capital infusion of Rs 70,000 crore into them