State Banks On Strike today Over Mergers BANK NEWS

State Banks On Strike today Over Mergers

 

New Delhi: Services of state-owned banks are expected to be impacted on Wednesday due to a nation-wide strike call given by unions to protest against the proposed amalgamation of Vijaya Bank and Dena Bank with Bank of Baroda. 
 
This will be the second bank strike in less than a week. According to AIBEA General Secretary CH Vekatachalam, the conciliation meeting called by Additional Chief Labour Commissioner did not lead to any assurance and so the unions are going ahead with the strike. 
 
During the meeting, neither the government nor the concerned banks came forward to assure that they will not go ahead with the merger, he added. 
 
The unions claim that the government wants banks to grow in size by such mergers but even if all public sector banks are bundled into one, the merged entity will not find a place among the top 10 globally. 
 
COMMENT The government in September approved the amalgamation of Bank of Baroda (BoB), Vijaya Bank and Dena Bank -- the first three-way merger in the public sector banking space. NDTV


Posted Date :  25-12-18

Categories : BANK NEWS

Similar news

State Banks On Strike today Over Mergers

New Delhi: Services of state-owned banks are expected to be impacted on Wednesday due to a nation-wide strike call given by unions to protest against the proposed amalgamation of Vijaya Bank and Dena Bank with Bank of Baroda.    This will be the second bank strike in less than a week. A
Posted Date :  25-12-18

Read more

Bank of India Invites Bids for stake sale in 3 Associate Companies

New Delhi: State-run Bank of India (BoI) invited bids for the sale of its stake in three associate companies namely STCI Finance, SIDBI and Equifax Credit Information Services. Earlier this week, BoI said it was looking to raise nearly Rs 1,000 crore through stake sale in some of its non-core
Posted Date :  22-09-18

Read more

ICICI Bank Launches Lending to MSMEs Based on their GST Returns

Mumbai: ICICI Bank Ltd. announced the launch of a new working capital facility that enables MSMEs (Micro, Small and Medium Enterprise) to get an overdraft (OD) based on the turnover reported in their Good and Services Tax (GST) returns. Christened ‘GST Business Loan’, the facility is availabl
Posted Date :  11-09-18

Read more

Amitabh Chaudhry to replace Shikha Sharma as CEO of Axis Bank

Amitabh Chaudhry of HDFC Life has been appointed as the Chief Executive Officer of Axis Bank. He will assume office after Shikha Sharma completes her tenure as the Axis Bank CEO.   "We wish to inform you that the Board of Directors (the Board) of the Bank at its meeting held today has ta
Posted Date :  10-09-18

Read more

PNB has set a Target of Recovering Rs. 20000 Crore from NPA

New Delhi: Punjab National Bank has set a target of recovering nearly Rs. 20,000 crore from the non-performing assets (NPA) in the first half of this financial year. In the first two months of this quarter, the bank has recovered Rs 5,600 crore. The bank has targeted the recovery of NPAs of about
Posted Date :  08-06-18

Read more

Shri Rajendra Kumar Joins as GM Bank of Baroda of Patna Zone

Ranchi: Shri Rajendra Kumar has joined as GM & Zonal Head of Bank of Baroda, Patna Zone capturing Bihar, Jharkhand & Orissa states. Before coming here he was he was General Manager & Zonal Head of MP & Chhatisgarh Zone.  During his 35 years of banking career, he has outstanding records in va
Posted Date :  25-05-18

Read more

PNB Embarks on Mission Parivartan

NEW DELHI: In keeping with the dynamic business environment, the Bank has embarked on Mission Parivartan – a structured approach to keeping the long-term success of the Bank in mind An Independent think tank on the lines of *NitiAyog* named *Mission Parivartan Division* will act as the cata
Posted Date :  23-03-18

Read more

PNB organizes Debate on Vigilance

NEW DELHI: Punjab National Bank organized Vigilance Awareness Programme at Manav Rachna University, Faridabad.The Programme was presided over by Shri S K Nagpal, Chief Vigilance Officer, Punjab National Bank and Shri D P Naik, Advisor Central Vigilance Commission.    15 students partici
Posted Date :  13-10-17

Read more

Print this mail only if absolutely necessary. Save Paper.Save Trees.

New Delhi: The information contained in this e-mail and any attachments to this message are intended for the exclusive use of the intended recipient and may contain proprietary, confidential or legally privileged information. If you are not the intended recipient, please note that you are not au
Posted Date :  10-10-17

Read more

ICICI Bank launches Cashback home loans

Mumbai: ICICI Bank, India’s largest private sector bank by consolidated assets, today announced the launch of a new home loan, which offers borrowers the benefit of 1% cashback on every EMI, for the entire tenure of the loan. A unique offering in the industry, it is available for home loans wit
Posted Date :  29-09-17

Read more

SAIL set to leverage domestic growth potential

New Delhi: Addressing the 45th Annual General Meeting of Steel Authority of India Ltd. (SAIL) held here today, Chairman SAIL, Shri PK Singh was confident of improvement in Company’s performance starting this financial year (FY 2017-18) backed by several management initiatives in every area of o
Posted Date :  23-09-17

Read more

PNB Bags Raj Bhasha Kirto Shield

NEW DELHI: Punjab National Bank has been awarded with Second Prize in Rajbhasha Kirti award competition for the outstanding performance in implementation of Official Language Policy in Bank for the Financial year 2016-17 .    President of India Shri Ram Nath Kovind awarded this prize to
Posted Date :  19-09-17

Read more

Round table discussion of visiting PSU team with world Bank

New Delhi:  Good round table discussion of visiting  PSU team from India with world Bank followed by Fed Reserve at New York. The team visited washington and NY as a part of Global Leadership programme organised by SCOPE. SCOPE also signed MOU with University of Maryland for capacity building
Posted Date :  12-09-17

Read more

ICICI Bank inaugurates its first branch in Sardhana

Meerut: ICICI Bank, India's largest private sector bank by consolidated assets, today inaugurated a new branch at Sardhana town in district Meerut. This is the first branch of the bank in the town. The Bank has the largest branch network among private sector banks in Meerut district. The bran
Posted Date :  07-09-17

Read more

Punjab National Bank entered MoU with Army

NEW DELHI: Punjab National Bank and Army Group Insurance Fund (AGIF) have entered into MoU under which PNB will be extending Housing loan to AGIF members. The documents were signed in a ceremony held at Punjab National Bank, New Delhi headed by Shri Sunil Mehta, MD & CEO of Punjab National Bank a
Posted Date :  01-08-17

Read more