merger
Currently the public sector lender has 2,900 branches across the country with 21,000 employees, including 11,000 officers.
Merger woes: Bank officers associations to meet in Delhi on Sept 5
03 Sep 2019 3:00 PM

All the general secretaries of all banks' officers associations will meet there and finalise the action program to oppose the merger.

The mergers announced on Friday, together with two set consolidations done last year, will reduce the number of public sector banks to 12 from 27 in 2017.
PSB stocks plunge up to 9.3 per cent post merger announcement
03 Sep 2019 1:11 PM

Shares of Corporation Bank tanked 9.28 per cent to Rs 17.10, Punjab National Bank plunged 8.54 per cent to Rs 59.40.

FM Nirmala Sitharaman on Friday unveiled a mega plan to merge 10 public sector banks into four as part of plans to create fewer and stronger global-sized banks. (Photo: File)
There will not be single job loss due to merger of banks: FM
01 Sep 2019 4:56 PM

I have very clearly underlined the fact that there shall not be one employee removed, said Finance Minister Nirmala Sitharaman.

The previous two rounds of bank consolidation, will bring down the number of nationalised public sector banks to 12 from 27 in 2017.
Board to soon consider amalgamation with OBC, United Bank: PNB
31 Aug 2019 2:21 PM

The government on Friday unveiled a mega plan to merge 10 public sector banks into four as part of plans.

The government announced four major mergers of public sector banks, bringing down their total number to 12 from 27 in 2017, a move aimed at making state-owned lenders global sized banks.
Banks merger reflects govt resolve to address economic slowdown: India Inc
31 Aug 2019 11:09 AM

Manufacturing output and subdued farm sector activity pulled down India's GDP growth to 5 pc in April-June quarter.

Union Finance Minister Nirmala Sitharaman.
Target $5tn economy, Finance Minister announces mega PSU bank mergers
30 Aug 2019 4:56 PM

Non-performing assets have also been brought down from Rs 8.65 lakh crore to Rs 7.9 lakh crore.

Merger is one of the many components of the overall revival plan because clearly MTNL cannot stand by itself.
DoT working on proposal for MTNL, BSNL merger; final call by Cabinet: Source
30 Jul 2019 4:12 PM

The net worth of BSNL stood at Rs 34,276 crore, while MTNL had a negative networth of Rs 9,735 crore as on April 1, 2019.

The board of Lakshmi Vilas Bank had approved the merger with Indiabulls Housing Finance in which shareholders of the bank will get 14 shares of Indiabulls Housing Finance for every 100 shares they hold.
Merger of Indiabulls Housing Finance-Lakshmi Vilas Bank gets CCI approval
21 Jun 2019 12:36 PM

In April this year, Lakshmi Vilas Bank had announced its merger with Indiabulls Housing Finance in a share-swap deal.


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