Psu Bank-merger

Showing of 1 - 20 from 23 results
Psu Bank-merger - Total results - 23
PNB gets stock exchanges' nod to trade over 266 cr shares post merger with 2 other PSBs
Business

PNB gets stock exchanges' nod to trade over 266 cr shares post merger with 2 other PSBs

State-owned Punjab National Bank (PNB) on Tuesday said it has received approval from stock exchanges for trading of over 266 crore shares post amalgamation with two other PSBs

Union Bank becomes 5th largest PSB post-merger with Andhra Bank, Corporation Bank
Business

Union Bank becomes 5th largest PSB post-merger with Andhra Bank, Corporation Bank

Union Bank on Wednesday said it has become the country's fifth-largest public sector lender after amalgamating Andhra Bank and Corporation Bank into itself

Mega PSU bank merger marks new dawn for Indian banking space: Finance ministry
Business

Mega PSU bank merger marks new dawn for Indian banking space: Finance ministry

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

Mega-merger of PSU banks on schedule: 6 banks cease to exist from today; experts say exercise will not be smooth, seamless
Business

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.

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

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
Business

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
Business

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
Business

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
Business

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
Business

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
Business

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
Business

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
Business

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
Business

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

Strike call given by bank officers' union may affect normal business at branches: SBI
Business

Strike call given by bank officers' union may affect normal business at branches: SBI

The State Bank of India (SBI) on Monday said the operations of the bank could be affected if the two-day strike call given by officers' unions materialises

Union Bank board okays merger of Andhra, Corporation Bank with itself; clears Rs 17,200-cr capital infusion
Business

Union Bank board okays merger of Andhra, Corporation Bank with itself; clears Rs 17,200-cr capital infusion

Union 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

PNB board approves amalgamation with OBC, United Bank; clears capital infusion of up to Rs 18,000 cr by govt
Business

PNB board approves amalgamation with OBC, United Bank; clears capital infusion of up to Rs 18,000 cr by govt

The board of Punjab National Bank (PNB) has given in-principle approval for amalgamation of Oriental Bank of Commerce and United Bank of India with PNB

Union Bank of India board meet on 9 September to approve amalgamation of Andhra Bank, Corporation Bank with itself
Business

Union Bank of India board meet on 9 September to approve amalgamation of Andhra Bank, Corporation Bank with itself

State-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

Indian Bank expects to complete merger with Allahabad Bank by 31 March: Managing Director Padmaja Chunduru
Business

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

PSU banks merger woes: Bank officers associations to meet in Delhi on 5 September
Business

PSU banks merger woes: Bank officers associations to meet in Delhi on 5 September

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