Merger Of Public Sector Banks
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Economy Needs Support From PSBs, Says Union Bank Chief
Union Bank chief said that there will be a shift of credit growth in favour of the PSBs
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4 State-Run Banks In Place Of 10 From Today As Mega Merger Takes Effect
The government's mega merger plan to strengthen the country's banking system came into effect on Wednesday, combining 10 state-run banks into four. Announced in August last year, the merger combines Oriental Bank of Commerce and United Bank into Punjab National Bank, to create a single lender managing businesses worth Rs 17.95 lakh crore. Similarly...
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Banks' Merger To Come Into Effect From April 1, Says Nirmala Sitharaman
In the biggest consolidation exercise in the banking space, the government in August 2019 had announced four major mergers of public sector banks.
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Government "Closely Monitoring" Coronavirus Impact On Economy: Nirmala Sitharaman
The Finance Minister said that the process of merger of public sector banks was underway as per the schedule.
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Bank Strike: Operations Hit As Thousands Strike Against Mergers In Patna, Bengaluru
Thousands of bankers of public and private sector refused to report to work on Tuesday in Patna and Bengaluru protesting the merger of ten government banks into four.
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Banking Services Affected Due To Strike By Employees
Banking services were affected on Tuesday after two bank unions called for a one-day nationwide strike to oppose the government's move to merge public-sector lenders. Services like cash deposit and withdrawal at the counter and cheque clearances were impacted due to the strike by banking staff. However, public sectors bank branches in urban areas o...
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Bank Employee Unions Call Strike To Protest Against Mergers: 10 Things To Know
Two trade unions of bank employees have proposed an all-India strike on October 22 to protest against the announced consolidation of 10 state-run lenders into four. "We can easily understand that mergers are a prelude to privatisation of banks and hence we need to vehemently oppose such moves," the Bank Employees Federation of India (BEFI) said in ...
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State-Run Banks To Remain Shut For Two Days This Week As Strike Deferred
Trade unions of state-run bank staff on Monday called off a two-day strike scheduled for this week. Four unions had called a 48-hour bank strike to protest against the mega merger of public sector lender announced by the government and demand for a wage revision. In a joint statement dated September 23, the four trade unions said the decision to de...
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Bank Unions Defer 2-Day Strike, No Disruption In Services On Sept 26, 27
Officers' unions of public sector banks have deferred the proposed two-day strike following an assurance from Finance Secretary Rajiv Kumar to look into their concerns.
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Nationwide Bank Strike On September 26, 27 Against Mergers
Around four lakh bank employees across the country are set to go on a strike on September 26-27 to protest against the merger of public sector banks.
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Bank Officers' Unions Threaten To Go On Strike: 10 Things To Know
Four unions of public sector bank officers have threatened to go on a strike opposing the consolidation of 10 state-run lenders into four. The unions have jointly given a strike call for forty-eight hours - from the midnight of September 25, 2019 to the midnight of September 27, 2019, the All India Bank Officer's Confederation (AIBOC) said in a sta...
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Bank Mergers Won't Lead To Job Losses, Nirmala Sitharaman Assures
Union Finance Minister Nirmala Sitharaman today calmed apprehensions of job loss following the merging of public sector banks, saying it would not lead to any. "I have very clearly underlined the fact that there shall not be one employee removed, not at all," she told reporters in Chennai two days after announcing that 27 state-run banks will be me...
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There Won't Be Single Job Loss Due To Banks' Merger: Nirmala Sitharaman
The government on Friday unveiled a mega plan to merge 10 public sector banks into four as part of plans to create fewer and stronger lenders.
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"Bank Mergers Create Value If Executed Well": Uday Kotak On Government's Mega Merger Plan
The Punjab National Bank, Oriental Bank of Commerce and United Bank will merge to form the country's second largest public sector bank with a business of Rs.17.95 lakh crore, Finance Minister Nirmala Sitharaman said on Friday.
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Public Sector Banks Can Recruit Chief Risk Officer: Nirmala Sitharaman
Finance Minister Nirmala Sitharaman has announced the merger of several banks into "consolidated banks" as she addressed a press conference amid an economic slowdown.
-
Economy Needs Support From PSBs, Says Union Bank Chief
Union Bank chief said that there will be a shift of credit growth in favour of the PSBs
-
4 State-Run Banks In Place Of 10 From Today As Mega Merger Takes Effect
The government's mega merger plan to strengthen the country's banking system came into effect on Wednesday, combining 10 state-run banks into four. Announced in August last year, the merger combines Oriental Bank of Commerce and United Bank into Punjab National Bank, to create a single lender managing businesses worth Rs 17.95 lakh crore. Similarly...
-
Banks' Merger To Come Into Effect From April 1, Says Nirmala Sitharaman
In the biggest consolidation exercise in the banking space, the government in August 2019 had announced four major mergers of public sector banks.
-
Government "Closely Monitoring" Coronavirus Impact On Economy: Nirmala Sitharaman
The Finance Minister said that the process of merger of public sector banks was underway as per the schedule.
-
Bank Strike: Operations Hit As Thousands Strike Against Mergers In Patna, Bengaluru
Thousands of bankers of public and private sector refused to report to work on Tuesday in Patna and Bengaluru protesting the merger of ten government banks into four.
-
Banking Services Affected Due To Strike By Employees
Banking services were affected on Tuesday after two bank unions called for a one-day nationwide strike to oppose the government's move to merge public-sector lenders. Services like cash deposit and withdrawal at the counter and cheque clearances were impacted due to the strike by banking staff. However, public sectors bank branches in urban areas o...
-
Bank Employee Unions Call Strike To Protest Against Mergers: 10 Things To Know
Two trade unions of bank employees have proposed an all-India strike on October 22 to protest against the announced consolidation of 10 state-run lenders into four. "We can easily understand that mergers are a prelude to privatisation of banks and hence we need to vehemently oppose such moves," the Bank Employees Federation of India (BEFI) said in ...
-
State-Run Banks To Remain Shut For Two Days This Week As Strike Deferred
Trade unions of state-run bank staff on Monday called off a two-day strike scheduled for this week. Four unions had called a 48-hour bank strike to protest against the mega merger of public sector lender announced by the government and demand for a wage revision. In a joint statement dated September 23, the four trade unions said the decision to de...
-
Bank Unions Defer 2-Day Strike, No Disruption In Services On Sept 26, 27
Officers' unions of public sector banks have deferred the proposed two-day strike following an assurance from Finance Secretary Rajiv Kumar to look into their concerns.
-
Nationwide Bank Strike On September 26, 27 Against Mergers
Around four lakh bank employees across the country are set to go on a strike on September 26-27 to protest against the merger of public sector banks.
-
Bank Officers' Unions Threaten To Go On Strike: 10 Things To Know
Four unions of public sector bank officers have threatened to go on a strike opposing the consolidation of 10 state-run lenders into four. The unions have jointly given a strike call for forty-eight hours - from the midnight of September 25, 2019 to the midnight of September 27, 2019, the All India Bank Officer's Confederation (AIBOC) said in a sta...
-
Bank Mergers Won't Lead To Job Losses, Nirmala Sitharaman Assures
Union Finance Minister Nirmala Sitharaman today calmed apprehensions of job loss following the merging of public sector banks, saying it would not lead to any. "I have very clearly underlined the fact that there shall not be one employee removed, not at all," she told reporters in Chennai two days after announcing that 27 state-run banks will be me...
-
There Won't Be Single Job Loss Due To Banks' Merger: Nirmala Sitharaman
The government on Friday unveiled a mega plan to merge 10 public sector banks into four as part of plans to create fewer and stronger lenders.
-
"Bank Mergers Create Value If Executed Well": Uday Kotak On Government's Mega Merger Plan
The Punjab National Bank, Oriental Bank of Commerce and United Bank will merge to form the country's second largest public sector bank with a business of Rs.17.95 lakh crore, Finance Minister Nirmala Sitharaman said on Friday.
-
Public Sector Banks Can Recruit Chief Risk Officer: Nirmala Sitharaman
Finance Minister Nirmala Sitharaman has announced the merger of several banks into "consolidated banks" as she addressed a press conference amid an economic slowdown.
