Page 3 - Psu Bank Merger

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

Govt's mega bank overhaul may hurt NPA clean-up, fight against growth slump

Any more debt repayment delays or defaults risk reversing an expected recovery in India's gross bad loan ratio and worsen a widening shadow bank crisis

Top 10 biz headlines: BPCL stake sale likely, Aug auto sales plunge & more

From the govt planning to offload its Rs 40,000-cr stake in BPCL to four- and two-wheeler sales falling by almost half in Aug from the equivalent month last year, here are today's top business stories

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

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

Technology underlay FM Nirmala Sitharaman's bank mergers decision

Numbers of officers now more than other workers in PSBs

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

Consolidation of public sector banks may boost sentiment in the near term

Lower MTM provisioning already making these lenders attractive

Govt moves to reform bank boards: The six new rules you should know

Experts say it won't be easy to appraise general managers because the board won't be knowledgeable enough

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

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

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

BoB, Dena, Vijaya Bank merger could open Rs 1,000 cr IT outsourcing window

Global majors IBM and Accenture set to compete with existing vendors Infosys and HP for deal to integrate different technology stacks used by these PSU lenders

Govt not considering any merger of PSBs at the moment: Reports

The process of amalgamation is going on according to the schedule, the sources said. They added that the other proposal would be considered after the stabilisation of this three-way merger.

The three musketeers of Indian banking

Both Jayakumar and Vaidyanathan are on the cusp of making history while for Ghosh it is compulsion

Delhi HC admits petition challenging merger of Vijaya, Dena, Bank of Baroda

The case will be next heard on February 13. The petition, moved by All India Bank Officers Confed­eration and All India Vijaya Bank Officers' Association

AIBEA to resist merger of three PSBs, says its aim is to protect defaulters

Association picks holes in merger of associates with SBI to build a case against amalgamation of BoB, Vijaya and Dena

PSU bank mergers: BoB, Vijaya, Dena send proposal to govt for approval

The merger of the three banks would be through share swap

BoB, Vijaya, Dena Bank merger to cause short-term bad asset spurt: Report

The government announced a merger of the three entities earlier this week, which will create the country's third-biggest lender