Indian Banking Industry News, Banking Industry, Banking Analysis, Banking Sector, Banking Companies in India
Business Today
Bank strike: Banking services to be hit for 2 days as major unions hold nation-wide protest

These bank employee unions are holding the strike for a wage revision and against the merger of three public sector banks, including Bank of Baroda, Dena Bank and Vijaya Bank.

 
 
Anup Kumar Sinha and Santanu Mukherjee were both appointed as Additional Directors (Independent) of Bandhan Bank as well.
The Institute of Banking Personnel Selection (IBPS) intends to fill over 1,599 posts of specialist officers in nationalised banks.
This comes as a major relief for the bank, which was barred by the apex bank from opening bank accounts in June after it failed to stick to the RBI norms.
 
 
The deal will also help Bandhan Bank's main shareholder, Bandhan Financial Holdings Ltd, reduce its stake in the lender to just above 60 percent.

Jaitley said that there would be no job losses due to merger of the banks and that the move would create a bigger entity like the State Bank of India (SBI).

Union Minister Ravi Shankar Prasad says the merger will allow the combined entity under BoB more lending power.

Advertisement