Psu Bank Consolidation News

Industry

Banking reforms: Banks Board Bureau seeks more mandate, dialogue with finance ministry

The Banks Board Bureau has sought wider mandate from the government including advising it on PSU bank consolidation in the least disruptive manner

2 min read20 Mar 2018
Industry

Govt sets up Arun Jaitley-panel to oversee PSU bank mergers

PSU bank mergers are seen as the next step in banking reforms after the Rs2.11trillion bank recapitalisation plan announced earlier in October

2 min read30 Oct 2017
Industry

Bank unions on all-India strike today against consolidation plans

Services at public sector banks are expected to be hit with employee unions going on a nationwide strike against bank consolidation, inadequate capital support for banks

1 min read22 Aug 2017
Industry

Govt to initiate PSU bank consolidation process after Q1 numbers

A senior finance ministry official says the govt is expected to initiate the process of consolidation of public sector banks once the first quarter results of the current fiscal have been announced

2 min read9 Aug 2017
Industry

Bank unions call for all-India strike on 22 August against privatisation

Nearly 10 lakh bank employees are likely to participate in the strike to protest plans to privatise PBUs, merger, consolidation of banks and not to write-off NPAs, say unions

1 min read20 Aug 2017

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