Banking services partially affected due to strike by employees to protest against govt's mega-merger plan
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
Bank strike: Operations may be affected tomorrow; employees' unions to protest against mergers, fall in deposit rates
Services in state-owned banks may be affected as some of the employee's unions have decided to observe nationwide strike on Tuesday to protest against bank mergers and fall in deposit rates
The merger of banks will bring down the number of state-run banks to 12 from 19 after the merger of Dena Bank and Vijaya Bank with Bank of Baroda effective April 2019.
Opposing the probable majority stake sale by the government in IDBI Bank to LIC, bank union AIBEA has asked the Centre not to go back on its commitment on the debt-laden bank, and retain at least 51 percent stake
Bank employees’ union urges RBI to revoke lending restrictions on Dena Bank; curbs part of corrective action
In view of high non-performing assets (NPAs), the Reserve Bank of India (RBI) last month had initiated prompt corrective action (PCA) against Dena Bank, restricting the lender from giving fresh credit and conducting new hirings.