Page 2 - Bank Merger

Bank employee unions to protest against merger, go on strike on October 22

All India Bank Employees Association (AIBEA) and Bank Employees Federation of India (BEFI) said they proposed to go on strike from 6 a.m. on October 22 to 6 a.m. on October 23

Indian Bank gets board nod to raise Rs 5,000 cr, merge with Allahabad Bank

Indian Bank to be anchor in the merger, which will create country's seventh largest lender

Why has India's mega public sector banks merger plan failed to lure funds?

A prolonged shadow-banking crisis and hurdles in bankruptcy rules have left India holding the world's worst bad-debt pile

Banks meet on Sep 4 to discuss merger; SBI and BoB to share expertise

Lenders to be merged into a single entity to also hold separate meetings to chalk out roadmap; April 1 seen as pragmatic deadline for amalgamation

Latest PSB merger could create Rs 5,000 cr business in IT outsourcing

Including consultancy companies, around Rs 5,000 crore of business could be generated

No silver bullet: Benefits of bank mergers to be visible only in long term

Whether folding one weak bank into another will make the combined entity any stronger remains to be seen

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

Smaller PSBs may not come cheap in future M&As: Oriental Bank, UBI indicate

Post asset quality clean up, Oriental Bank and United Bank have stated their intent to be acquirers and not targets in the process of consolidation

Dena Bank, Vijaya Bank investors will receive funds for fractional units

After allotting the shares in the proportion announced, the remaining units pooled and liquidated

Deutsche, Commerzbank merger would put 30,000 jobs at risk: German union

A top investor in Deutsche Bank also expressed doubts about a potential merger, according to a person close to the investor

Senior officials of BoB, Vijaya, Dena to brainstorm on smooth merger

The meeting comes ahead of commencing business as merged entity on April 1

Bank merger: Swap ratio fair for Dena, not for Vijaya Bank, say analysts

The swap ratio appears fair in respect to Dena Bank, given its multiple challenges, but Vijaya Bank shareholders have little to gain from the merger, say analysts at Motilal Oswal Financial Services.

What does the merger say for BoB, Dena and Vijaya Bank on technical chart?

Dena Bank is down 18 per cent, while Vijaya Bank is trading 7 per cent lower. On the other hand, shares of Bank of Baroda rose 2 per cent.

PSU bank officers on strike over wage revision, merger of BoB, Dena, Vijaya

Currently, banks have given mandate to the Indian Bank Association (IBA) to negotiate for bank employees from scale 1-3

FinMin's Alternative Mechanism gives nod for BoB, Dena, Vijaya Bank merger

The merged entity will have a combined business of Rs 14.82 trillion, making it the third largest bank after SBI and ICICI Bank

Vijaya Bank board approves merger proposal with Bank of Baroda, Dena Bank

Post-merger, the asset size of the new entity would be over Rs 14.5 trillion

BoB, Dena, Vijaya Bank merger: Employees get reassurance from top brass

Vijaya Bank assured employees that the service conditions 'will remain unaffected and staff benefits retained'

PSBs lose $2.8 bn in m-cap after BoB-Vijaya-Dena merger announcement

While some state-run lenders rose on Tuesday, most fell on concerns about eroding capital buffers and growing bad debt for buyers

Merger of BoB, Dena, Vijaya Bank may bring in savings worth Rs 10 billion

Credit rating agency Moody's on Tuesday said the merger of these banks would bring benefits of scale and governance

PSU banks merger: For the merged bank focus ought to be strategy, not size

Three into one gives Bank of Baroda an opportunity to innovate