Recent Highlights
All Stories for Andhra Bank
Mega-merger of PSU banks on schedule: 6 banks cease to exist from today; experts say exercise will not be smooth, seamless
Fp Staff • 5 years agoExperts said bank merger at this point of time will not be very smooth and seamless. However, heads of the anchor banks are exuding confidence.
10 State-owned banks announce share swap ratios for mergers with nearing of March-end deadline
• 5 years agoThe 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
• 5 years agoAccording 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.
PSU bank consolidation: PNB, Union Bank get in-principle nod from govt for proposed merger
• 5 years agoPunjab 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
Total of 34 functional teams to smoothen bank merger of UBI, PNB, OBC; to come into force on 1 April
• 5 years agoThe complete harmonisation among the three entities would take another 12 to 14 months after the merger
Union Bank board okays merger of Andhra, Corporation Bank with itself; clears Rs 17,200-cr capital infusion
• 5 years agoUnion 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
Finance Minister Nirmala Sitharaman says Centre will respond to challenges faced by all sectors
• 6 years agoUnion Finance Minister Nirmala Sitharaman on Friday said the government will respond to the challenges faced by all the sectors.
Union Bank of India board meet on 9 September to approve amalgamation of Andhra Bank, Corporation Bank with itself
• 6 years agoState-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
Mega merger woes: Bank officers associations to meet in Delhi today, will decide on future course of action
• 6 years agoBesides, Indian Bank will be merged with Allahabad Bank, making it the seventh-largest state-owned bank. Andhra Bank is the second city-based bank which will lose its geographical identity.
Mega merger: PNB, Canara, Union, Indian Bank shares feel heat on bourses post-amalgamation; what is the shareholder thinking?
Dinesh Unnikrishnan123 • 6 years agoFor better understanding, let’s look at the share movement of the acquiring banks or the anchor banks involved in the merger process.