Page 2 - Merger Of Banks
PSBs consolidation building block for $5 trillion economy: Finance secy
The consolidation will help create strong and globally competitive banks with economies of scale and enable realisation of wide-ranging synergies, he said
 "PSBs consolidation building block for $5 trillion economy: Finance secy")
Free the banks
Mergers are cosmetic without real governance reform
 "Free the banks")
Delivering on growth a must for NextGen PSBs to attract investors
Analysts cite examples of SBI and BoB to indicate how the mergers could be value-depletive for investors in the near term
 "Delivering on growth a must for NextGen PSBs to attract investors")
Demand in economy has to match credit expansion: Finance Secy Rajiv Kumar
We have budgeted Rs 70,000 crore for this year, says Finance Secretary Rajiv Kumar
 "Demand in economy has to match credit expansion: Finance Secy Rajiv Kumar")
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
 "How technology integration, regional synergies drove bank merger plan")
Consolidation of public sector banks may boost sentiment in the near term
Lower MTM provisioning already making these lenders attractive
 "Consolidation of public sector banks may boost sentiment in the near term")
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
 "How the mergers will impact your bank accounts, debit cards and EMIs")
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 put together banks' strength: Andhra Bank's J Packirisamy")
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
 "Merger will create fourth largest public sector bank: Syndicate Bank MD")
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
 "FM Sitharaman's bank mergers step will make resolution process easier")
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
 "There will be no loss of employment after merger of PSBs: Sankara 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
 "Implications of bank mergers: Overhaul of subsidiaries to cause pain")
Merger of banks: Synergy benefit relevant in Gujarat, says Dena Bank ED
Employees' interest will not be harmed: Ramesh Singh, Executive Director, Dena Bank
 "Merger of banks: Synergy benefit relevant in Gujarat, says Dena Bank ED")
BoB, Dena, Vijaya Bank to merge; process completion may take 4-6 months
Amalgamated entity to be third-largest lender; govt to continue to provide capital support
Merger of BoB, Vijaya Bank, Dena Bank to give a fillip to lending capacity
But swap ratio should not be biased against stronger banks, say experts
 "Merger of BoB, Vijaya Bank, Dena Bank to give a fillip to lending capacity")
Staff need not worry about redundancies after merger of banks: BoB chief
The boards will have to approve the proposal. My message to employees is 'keep doing what you are doing': BoB chief P S Jayakumar
 "Staff need not worry about redundancies after merger of banks: BoB chief")
