Search For "merge"
Moody's takes rating action on five Indian public sector banks following m
Updated : 6 years, 6 months ago IST
Singapore, Sept 4 (ANI): Moody's Investors Service on Wednesday took rating actions on Canara Bank, Oriental Bank of Commerce (OBC), Punjab National Bank (PNB), Syndicate Bank and Union Bank of India (Union Bank) that will undergo mergers as announced by the government.
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PSU Bank index falls 3.7 pc after merger plan, PNB and Canara Bank stocks
Updated : 6 years, 6 months ago IST
Mumbai (Maharashtra) [India], Sep 3 (ANI): Shares of public sector banks (PSBs) traded under pressure on Tuesday after the government last week unveiled a mega-plan to merge 10 of them for creating four stronger lenders with countrywide networks and global reach.
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FM allays concerns of job losses over merger of public sector banks
Updated : 6 years, 6 months ago IST
Chennai (Tamil Nadu) [India], Sept 1 (ANI): Union Finance Minister Nirmala Sitharaman on Sunday allayed the concerns of job losses in the wake of the merger of public banks.
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Protest in Bengaluru, Ahmedabad against bank merger
Updated : 6 years, 6 months ago IST
Bengaluru (Karnataka)/Ahmedabad (Gujarat) [India], Aug 31 (ANI): Union government's decision to merge 10 public sector banks to create four entities has irked many bank workers who were seen staging protests in different cities on Saturday.
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PNB's board to meet soon on merger with Oriental Bank, United Bank
Updated : 6 years, 6 months ago IST
New Delhi [India], Aug 31 (ANI): Punjab National Bank (PNB) will soon hold a board meeting to consider its amalgamation with Oriental Bank of Commerce and United Bank of India.
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CPI-M opposes merger of banks, says it is meant to facilitate privatisati
Updated : 6 years, 6 months ago IST
New Delhi [India], Aug 31 (ANI): The Communist Party of India-Marxist (CPI-M) on Saturday opposed government's decision to merge 10 public sector banks to create four entities and said it is meant to facilitate privatisation of nationalised banking sector.
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Decision to merge Rane's party with BJP to be taken after talk with Shiv S
Updated : 6 years, 6 months ago IST
Nanded (Maharashtra) [India], Aug 31 (ANI): Maharashtra Chief Minister Devendra Fadnavis on Saturday said that the decision to merge Narayan Rane's party with the BJP will be taken after discussions with Shiv Sena.
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Finance Secretary dispels fears of job losses after merger of 10 PSU banks
Updated : 6 years, 6 months ago IST
New Delhi [India], Aug 31 (ANI): The merger of 10 public sector banks (PSBs) to form four big lenders will create more jobs and not lead to any retrenchment as being claimed by some trade unions, Finance Secretary Rajiv Kumar has said.
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Merger of PSBs will unlock new potential: Shah
Updated : 6 years, 6 months ago IST
New Delhi [India], Aug 30 (ANI): Union Home Minister Amit Shah on Friday lauded Prime Narendra Modi and Finance Minister Nirmala Sitharaman after the latter announced the merger of 10 Public Sector Banks (PSBs) into four strong lenders with countrywide networks and global reach to boost c
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Government unveils merger of 10 PSU banks to become four major entities
Updated : 6 years, 6 months ago IST
New Delhi [India], Aug 30 (ANI): Government on Friday announced merger of 10 public sector banks (PSBs) into four strong lenders with countrywide networks and global reach to boost credit and revive economic growth in the nation's bid to become a five trillion dollar economy in the next f
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PNB, Oriental Bank and United Bank to be merged: Sitharaman
Updated : 6 years, 6 months ago IST
New Delhi [India], Aug 30 (ANI): The government on Friday announced the merger of Punjab National Bank, Oriental Bank of Commerce and United Bank of India to create the second-largest banking network in the country with 11,431 branches.
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India clocks M&A deals worth $9.8 billion in July: Grant Thornton
Updated : 6 years, 6 months ago IST
New Delhi [India], Aug 20 (ANI): India recorded 110 merger and acquisition (M&A) deals worth 9.8 billion dollars in July, which is three times the deal values but 10 per cent short of deal volumes as compared to June, according to a report by Grant Thornton India LLP.
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