Psu Bank Merger

Mega bank consolidation on track; to take effect from 1 April, says finance minister Nirmala Sitharaman

The government on Thursday said the mega bank consolidation plan is very much on track and will take effect from April 1 despite the onslaught of coronavirus pandemic throwing the country out of gear

Officers' union requests Narendra Modi to defer mega bank merger amidst coronavirus pandemic

Bank officers' union on Wednesday requested Prime Minister Narendra Modi to defer mega-merger exercise of banks in view of coronavirus outbreak

Indian Bank NPA to rise, no change in board post-merger, says MD & CEO Padmaja Chunduru

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

Bank strike: Two major bank unions declare strike on 27 March against PSB mergers; services likely to be hit

Employees of AIBEA and AIBOA will go on a bank strike against the mergers of ten public sector banks (PSBs) which the Union Cabinet approved on Wednesday.

Ten public sector banks' merger to come into effect from 1 April, says Nirmala Sitharaman

Finance Minister Nirmala Sitharaman on Wednesday said the exercise of consolidation of 10 public sector banks (PSBs) into four is on course and the merger will come into effect from 1 April, 2020

Bharat bandh on 8 January: Trade unions claim around 25 cr people likely to participate in nationwide strike

Ten central trade unions on Monday said around 25 crore people will participate in a nationwide strike on 8 January to protest against the government's "anti-people" policies

PSU bank consolidation: PNB, Union Bank get in-principle nod from govt for proposed merger

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

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

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

The Reserve Bank of India (RBI) 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

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

Corporation Bank on Monday said the board has given its in-principle approval for the merger with Union Bank of India