• RBI changes SLBC convenors in view of bank mergers

    RBI changes SLBC convenors in view of bank mergers

    Business | March 30, 2020 16:14 IST

    The Reserve Bank on Monday proposed to change the convenors of State Level Bankers' Committee (SLBC) in view of the merger of 10 public sector banks into 4 with effect from April 1.

  • Finance Minister Nirmala Sitharaman to review bank merger preparedness

    Finance Minister Nirmala Sitharaman to review bank merger preparedness

    Business | March 11, 2020 14:58 IST

    As the bank merger becomes effective April 1, Finance Minister Nirmala Sitharaman is scheduled to meet the chief executives of the amalgamating banks on Thursday to review the preparedness for the merger. The Union cabinet already approved consolidation of 10 public sector banks into four, earlier in the month.

  • Nirmala Sitharaman/File Image

    Amalgamation of 10 public sector banks into 4 from April 1: Sitharaman

    Business | March 04, 2020 19:47 IST

    ​The Union Cabinet on Wednesday approved amalgamation of 10 public sector banks, including Allahabad Bank, Andhra Bank and OBC, to create large four state-owned lenders with effect from April 1, Finance Minister Nirmala Sitharaman said. These will be in addition to State Bank of India, Bank of Baroda, and Bank of India.  

  • UFBU's nationwide bank strike enters Day 2

    News | February 01, 2020 13:33 IST

    A nationwide two-day bank strike called by the United Forum of Bank Unions (UFBU) has entered its concluding day on February 01.

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