Syndicate Bank

10 State-owned banks announce share swap ratios for mergers with nearing of March-end deadline

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.

Bharat bandh likely to affect banking, ATM services on 8 January; online services may function normally

Apart from banking services, ATM services are also expected to be affected during the one-day Bharat bandh, said the report.

Post-merger of Syndicate Bank, Canara Bank turnover will be Rs 15 lakh crore, says Chairman TN Manoharan

Canara Bank Chairman TN Manoharan said his bank was having a business of Rs 10 lakh crore and the Syndicate Bank Rs 5 lakh crore.

Banking services likely to be partially affected today as employees unions call for 24-hour strike; RBI, SBI to function normally

Regional Rural Banks and cooperatives banks will also not participate in the strike as mergers do not affect them, sources said.

RBI imposes Rs 1 cr fine on Lakshmi Vilas Bank, Rs 75 lakh on Syndicate Bank for violating norms

The RBI action is based on the deficiencies in regulatory compliance

Govt appoints former Syndicate Bank executive director SS Mallikarjuna Rao as PNB managing director till September 2021

The government on Tuesday appointed S S Mallikarjuna Rao as managing director of Punjab National Bank in place of Sunil Mehta.

Canara Bank board to meet next week to consider Rs 9,000-cr capital infusion

Public sector lender Canara Bank on Wednesday said its board will meet next week to consider capital infusion of up to Rs 9,000 crore through issuance of preferential equity shares to the government of India

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

PSB mega mergers: PNB to consider Rs 18,000-cr capital infusion in board meeting on 5 September

Finance Ministry has decided that PNB, OBC and UBI may consider the amalgamation of OBC and UBI into PNB