Page 675 - Finance News

Market salary for a few in a public sector bank could be a chimera

The possibility is that high calibre chief risk officers in the PSBs already earn Rs 1 crore to Rs 2 crore, whereas even SBI chairman could be earning less than Rs 30 lakh

Not a single job will be lost due to merger of banks: Nirmala Sitharaman

Nirmala Sitharaman was replying to a question on the bank employees unions opposing the merger plan on the ground it would lead to loss of jobs.

Govt accepts State Bank of India MD Anshula Kant's resignation

Kant was appointed as the managing director and chief financial officer of the World Bank

How technology integration, regional synergies drove bank merger plan

PNB will take over OBC and UBI to become the country's second-largest lender after SBI in terms of business

Merger will force branch closures, hit customer service: staff association

Branch closure would mean more customers going to fewer branches. Banking services would be impacted, as the customer population per branch will increase

PNB to hold meeting on Sept 5 to consider merger with OBC, United Bank

The government 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 lenders

Bank of India introduces repo-based interest rate for select loan products

Corporation Bank also announced launch of home loans linked with external benchmark

Bank employees stage protest against govt's decision to merge PSBs

AIBEA general secretary C H Venkatachalam alleged the merger of public sector banks would mean closure of six banks

India Ratings downgrades YES Bank to 'IND A+', says 'outlook is negative'

"India Ratings and Research has downgraded Yes Bank Ltd's long-term issuer rating to 'IND A+' from 'IND AA-," the bank said in a BSE filing

How the mergers will impact your bank accounts, debit cards and EMIs

If you book a new fixed deposit or take a fresh loan, the rate will be decided by the merged entity

NextGen PSBs: Govt unveils mega bank mergers to revive economic growth

10 banks to be merged into 4; Indian Bank & Allahabad to be one

Merger of PSBs: Move to improve efficiency, bargaining power, says industry

However, benefits from these measure, being structural in nature, will accrue in the long term, they said.

I felt time was right for me to go: LVB MD & CEO Parthasarathi Mukherjee

Claims he resigned for personal reasons, adds that a new person at the helm may succeed where he failed

DHFL board approves plan to convert debt into equity, sell assets

DHFL and other shadow banking firms have been stung by a liquidity crunch following last year's collapse of IL&FS

Mergers lack logic, will destabilise finance and economy more: Bank unions

While announcing the merger, finance minister Nirmala Sitharaman said plans is to create fewer but stronger global- sized banks for building a $ 5 trillion economy

Merger will put together banks' strength: Andhra Bank's J Packirisamy

Our capital to risk (weighted) assets ratio, or CRAR, is good, says Andhra Bank MD

Merger will create fourth largest public sector bank: Syndicate Bank MD

There were discussions in general since a few months, said Syndicate Bank MD Mrutyunjay Mohapatra

FM Sitharaman's bank mergers step will make resolution process easier

Often the resolution process gets stuck with many smaller players not agreeing with the majority view

There will be no loss of employment after merger of PSBs: Sankara Narayanan

It was mainly based on system integration that the government took a call for amalgamation, said Narayanan

Implications of bank mergers: Overhaul of subsidiaries to cause pain

Number of branches, HR policies are other issues in bank mergers; bandwidth of managements will be tested