Bank Merger

Timelines
Ahead of bank merger, PNB reduces FD interest rates again

01 Sep 2019

Ahead of bank merger, PNB reduces FD interest rates again

Ahead of its merger with Oriental Bank of Commerce and United Bank of India, the state-run Punjab National Bank (PNB) has revised its fixed deposit (FD) interest rates yet again.

Bankers on nation-wide strike again, second in a week

26 Dec 2018

Bankers on nation-wide strike again, second in a week

Operations at branches of public sector banks across the country were impacted today due to a strike by unions against the proposed merger of Vijaya Bank and Dena Bank with Bank of Baroda (BoB).

10 lakh bank employees on strike: All you should know

26 Dec 2018

10 lakh bank employees on strike: All you should know

Nearly 10 lakh bank employees went on a strike on Wednesday, December 26, and it is sure to hit offline services like withdrawing, depositing cash, clearance of cheques and issuance of demand drafts.

There could be a nation-wide bank strike on December 26

23 Dec 2018

There could be a nation-wide bank strike on December 26

Almost one million bank employees, including those of private banks, have called for a one-day-long nation-wide strike on December 26 to protest against the proposed merger of Vijaya Bank and Dena Bank with Bank of Baroda.

Banks could remain shut for 5-days in December: Details here

14 Dec 2018

Banks could remain shut for 5-days in December: Details here

Your bank related work could take a hit for a few days in December as officials are likely to go on strike.

LIC board approves acquisition of 51% stake in IDBI Bank

16 Jul 2018

LIC board approves acquisition of 51% stake in IDBI Bank

The LIC board today gave approval to the insurance behemoth for acquiring of up to 51% stake in IDBI Bank, Economic Affairs Secretary SC Garg said today.

Government mulls merging four more state-run banks to reduce losses

04 Jun 2018

Government mulls merging four more state-run banks to reduce losses

The government is mulling a major merger of at least four state-run banks - Bank of Baroda, IDBI Bank Ltd, Central Bank of India and Oriental Bank of Commerce - to give a boost to India's struggling banking sector, HT reports.

Bharat Financial, IndusInd Bank sign exclusive merger talk deal

12 Sep 2017

Bharat Financial, IndusInd Bank sign exclusive merger talk deal

BFIL, after months of speculation, formally confirmed that it has signed an exclusivity agreement for a potential merger with IndusInd Bank.