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PNB Likely to Merge OBC, Andhra Bank and Allahabad Bank

In next three month Punjab National Bank (PNB) could initiate the process of merging of two-to-three small state-run banks, that could include Oriental Bank Of Commerce, Andhra Bank and Allahabad Bank.  Read - Calculate your Basic Pay post 11th Bipartite...

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PSB Mergers – Government hinted the merger of PNB, Union Bank and Bank of India

ET reported that the post election, Finance Minister is likely to hold discussions soon about next round of consolidation, which is expected in second or third quarter of this fiscal year. Finance Ministry officials are saying that  it is not...

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Market Buzz – Mergers of SyndicateBank, Punjab National Bank and Indian Overseas Bank

After amalgamation of Public Sector Bank i.e. Vijaya Bank and Dena bank with Bank of Baroda, the government is closely watching how the Bank of Baroda-Vijaya Bank-Dena Bank merged entity is working out. Sources said some other combinations are already...

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Government Approval Pending For Bank of Baroda, Vijaya & Dena Bank Merger

Merger of Bank of Baroda, Vijaya Bank & Dena Bank are now approved by board of individual bank. The proposal of merger is now send to government of India for formal approval. Bank of Baroda MD & CEO states that...

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Rumor – Next Round of Merging Banks – PNB, Syndicate, UCO, Canara, Indian & IOB Bank

Public Sector Bank Mergers - Rumor is running around web related to merging of six new banks i.e. Punjab National Bank, Indian Bank, Indian Overseas Bank and Canara Bank, Syndicate Bank and UCO Bank.  Read - Government Announces Merger Of Bank of...

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Government Announces Merger Of Bank of Baroda, Dena Bank And Vijaya Bank

In the latest development, the Indian government has announced the merger of three public sector banks -- Bank of Baroda, Dena Bank and Vijaya Bank. An announcement in this regard was made after a meeting of the ‘alternative mechanism’ set...

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PSB Mega Mergers – Bank of Baroda, IDBI, Central Bank of India and OBC To Merge as Single Entity

Public Secotr Bank's (PSB) merger talks started again - The government is planning to merge four state-owned banks, namely India's third-largest PSU bank by assets Bank of Baroda, Central Bank of India, IDBI Bank and Oriental Bank of Commerce. Government...

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Probable List of Public Sector Banks For Merger

If believe on the recent reports by leading fiancial newspapers, there are few Public Sector Banks, which could be merged by end of this financial year or earlier. Finance Ministry has called all banks under PCA for review meeting and...

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