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In next three month Punjab National Bank (PNB) could initiate the process of merging of two-to-three small state-run banks, that could include Oriental Bank Of Commerce, Andhra Bank and Allahabad Bank. Read – Calculate your Basic Pay post 11th Bipartite Punjab National Bank was earlier in the headlines in April for a possible merger with […]
ET reported that the post election, Finance Minister is likely to hold discussions soon about next round of consolidation, which is expected in second or third quarter of this fiscal year. Finance Ministry officials are saying that it is not necessary for merger to be a tripartite merger and will now look at different and […]
After amalgamation of Public Sector Bank i.e. Vijaya Bank and Dena bank with Bank of Baroda, the government is closely watching how the Bank of Baroda-Vijaya Bank-Dena Bank merged entity is working out. Sources said some other combinations are already in process but since to proceed on concrete proposals, it needs the approval of the […]
Merger of Bank of Baroda, Vijaya Bank & Dena Bank are now approved by board of individual bank. The proposal of merger is now send to government of India for formal approval. Bank of Baroda MD & CEO states that the next step for the merger is getting government’s formal approval, followed by the swap […]
Public Sector Bank Mergers – Rumor is running around web related to merging of six new banks i.e. Punjab National Bank, Indian Bank, Indian Overseas Bank and Canara Bank, Syndicate Bank and UCO Bank. Read – Government Announces Merger Of Bank of Baroda, Dena Bank And Vijaya Bank Government of India had announced the merging of three […]
In the latest development, the Indian government has announced the merger of three public sector banks — Bank of Baroda, Dena Bank and Vijaya Bank. An announcement in this regard was made after a meeting of the ‘alternative mechanism’ set up last year to consider consolidation in the banking sector. The proposal will now need to […]
Public Secotr Bank’s (PSB) merger talks started again – The government is planning to merge four state-owned banks, namely India’s third-largest PSU bank by assets Bank of Baroda, Central Bank of India, IDBI Bank and Oriental Bank of Commerce. Government is thinking differently as there are more than nine banks are under RBI’s PCA. With […]
If believe on the recent reports by leading fiancial newspapers, there are few Public Sector Banks, which could be merged by end of this financial year or earlier. Finance Ministry has called all banks under PCA for review meeting and setting up performance metrices under reform agenda program EASE (Enhanced Access and Service Excellence), which focuses […]
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