10 PSU Banks all set to merges today
By MYBRANDBOOK
Last year, the government announced a merger of 10 public sector banks into four banks. The announced merger was supposed to come into effect from early 2020-21 fiscal.
In 2017, a total of 27 public sector banks were there. Now, the number will come down to 12 — six merged banks and six independent banks
Oriental Bank of Commerce and United Bank of India will be merged into Punjab National Bank.
Syndicate bank will be merged with Canara Bank.
Indian bank will be merged with Allahabad Bank.
Union Bank of India will be merged with Andhra Bank and Corporation Bank
Indian Overseas Bank, Uco Bank, Bank of Maharashtra, Punjab and Sind Bank, Bank of India, Central Bank of India will remain the independent banks.
The customers of the 10 banks will be treated as the customers of the banks they got merged with. The branches of the 10 banks will now work as the branches of the merged banks.
Punjab National Bank will become the second-largest lender after the merger. The first is the State Bank of India.
Bank officers' unions, however, earlier this week wrote to the prime minister seeking to defer the merger schemes of lenders due to the lockdown triggered by coronavirus outbreak. Finance Minister Nirmala Sitharaman had clarified that the mega bank consolidation plan was very much on track.
Download masked Aadhaar to improve privacy
Download a masked Aadhaar from UIDAI to improve privacy. Select masking w...
Sterlite Technologies' Rs 145 crore claim against BSNL rejecte
An arbitrator has rejected broadband technology company Sterlite Technolog...
ID-REDACT® ensures full compliance with the DPDP Act for Indi
Data Safeguard India Pvt Ltd, a wholly-owned subsidiary of Data Safeguard ...
Happiest Minds brings in an innovative GenAI chatbot
Happiest Minds Technologies has announced the new GenAI chatbot - ‘hAPPI...
BHARAT ELECTRONICS LTD.
STERLITE TECHNOLOGIES LTD.
HP INDIA SALES PVT. LTD.
SECUREYE SERVICES PVT. LTD.
Technology Icons Of India 2023: C P Gurnani
CP Gurnani (popularly known as ‘CP’ within his peer group), is the...
Technology Icons Of India 2023: Rishad Premji
Rishad Premji is the son of the Wipro head Azim Premji and was named a...
Technology Icons Of India 2023: Rajendra Singh Pawar
Rajendra Singh Pawar is an entrepreneur and businessperson who founded...
C-DAC keeps India ahead in IT & Electronics R&D space
Centre for Development of Advanced Computing (C-DAC) is the premier R&...
TCIL continues to strengthen India with its technology expertise
TCIL undertakes consultancy & turnkey projects in the field of Telecom...
PGCIL transforming India with its wide power transmission network
Engaged in power transmission, POWERGRID or PGCIL is a stated owned In...
BEETEL TELETECH LTD.
: Beetel is one of the oldest and most reputed brands in the Industry,...
TECH DATA, A TD SYNNEX COMPANY
Tech Data Corporation was an American multinational distribution compa...
REDINGTON INDIA LIMITED
Redington (India) Limited operates in the IT product distribution busi...