Bank customers alert! THESE 7 merged banks to see cheque book changes from April 1
Dena and Vijaya Bank were merged with Bank of Baroda with effect from April 1, 2019. Oriental Bank of Commerce and United Bank of India were merged with Punjab National Bank (PNB). Syndicate Bank merged with Canara Bank, Andhra Bank and Corporation Bank merged with Union Bank of India, and Allahabad Bank merged with Indian Bank.
Mar 30, 2021, 20:46 PM IST
Indian-Allahabad Bank merger: Find out your new IFSC code, mobile banking app and more
The Indian Bank, which has merged with the Allahabad Bank, carried out a software migration over the weekend. In addition, changes made in IFSC code, mobile banking app, cheque book and passbook of Allahabad Bank account holders have come into effect from Monday (February 15).
Feb 15, 2021, 21:30 PM IST
Six public sector banks will cease to exist after mega-merger comes into effect on April 1
The new financial year is set to begin on Wednesday (April 1) and this year this day is significant because it will witness see the merger of six public sector banks into four (anchor banks).
Apr 01, 2020, 10:00 AM IST
Cabinet approves mega merger of public sector banks, to come into effect from April 1
The Union Cabinet, chaired by Prime Minister Narendra Modi on Wednesday (March 4) approved the mega consolidation of ten Public Sector Banks into four, including the amalgamation of Oriental Bank of Commerce and United Bank of India into Punjab National Bank, Syndicate Bank into Canara Bank, Andhra Bank and Corporation Bank into Union Bank of India and Allahabad Bank into Indian Bank.
Mar 04, 2020, 16:41 PM IST
Talks with govt fail, bank unions call 24-hour strike today against merger
Besides several central trade unions, the All India Bank Officers' Association (AIBOA) has also extended support to the strike. AIBOA has clearly asked its members to not join work today.
Banking operations to be hit on Tuesday as bank employees call for strike
According to AIBEA General Secretary, members of AIBEA and BEFI (Bank Employees Federation of India) will be on strike on Tuesday across the country. Other unions in the industry are extending their support for the strike.
Oct 21, 2019, 17:47 PM IST
FM Nirmala Sitharaman to meet heads of public sector banks today
The meeting assumes importance as this will be her first meeting with PSB heads after she announced amalgamation of 10 public sector banks into on August 30.
Sep 19, 2019, 10:50 AM IST
Merger of 10 Public Sector banks, governance reforms may improve performance of PSBs: Ind-Ra
The rating agency said that though the proposed amalgamations may face hiccups in short term, the governance reforms are a step in the right direction to improve the overall functioning of PSBs.
Sep 04, 2019, 14:35 PM IST
'Benefits of PSB mergers likely over medium-to-long term'
Centrum Broking Research's report said that the consolidated banks will likely see an improvement in economies of scale and efficiency of operations over the medium-long term.
Sep 04, 2019, 10:57 AM IST
India gets ready for NextGen Banks as Centre merges banks to create mega units
The government on Friday announced the mega-merger of 10 PSU banks into four, where the Punjab National Bank, the Oriental Bank of Commerce and the United Bank to merge become the second-largest PSB while the Canara Bank and the Syndicate Bank will amalgamate to make the fourth-largest PSU bank entity.
Aug 30, 2019, 23:32 PM IST
DNA: Non Stop News, August 30, 2019
This segment of DNA brings to you important stories of the day. Watch this video for more info.
Aug 30, 2019, 21:54 PM IST
Modi govt's mega banking reform: 10 Public Sector Banks to be merged into 4 entities
Punjab National Bank will become the second largest PSB in India with a total business of Rs 17.5 lakh crore post the merger while that of the Canara Bank and Syndicate Bank will be Rs 15.20 lakh crore.
Aug 30, 2019, 18:05 PM IST
PSU bank merger should follow balancesheet clean-up: Raghuram Rajan
Mergers of PSU banks should be done only after balancesheets are cleaned up and these are nursed back to health with adequate capitalisation, said former RBI governor Raghuram Rajan.
Sep 12, 2017, 19:19 PM IST
Names of PNB, Bank of Baroda, Canara Bank to be changed after merger
Names of Punjab National Bank (PNB), Canara Bank and Bank of Baroda will be changed after merger according to the sectors. Watch full video to know top 10 business news of the day.
Jun 17, 2017, 12:10 PM IST
SBI hikes minimum balance for savings a/c, other charges
SBI has started charging more from its millions of account holders, including those of the 6 lenders merged with it this month, for not maintaining minimum balance as well as for services like cheque books and lockers.
Apr 03, 2017, 19:09 PM IST
SBI shares surge 3% in morning trade after merger approval with associate banks
Shares of State Bank of India today surged over three per cent in early morning trade after its board cleared the merger of five associate banks and Bharatiya Mahila Bank with itself.
Aug 19, 2016, 12:15 PM IST
Banks' merger plan on the anvil; SBI and SBP first in queue
SBI first merged its State Bank of Saurashtra with itself in 2008. Two years later in 2010, State Bank of Indore was merged with SBI.
Jul 26, 2014, 12:21 PM IST
