https://www.taxtmi.com/news?id=20931 Amalgamation of Bank of Baroda, Vijaya Bank and Dena Bank has been approved under the Banking Companies (Acquisition and Transfer of Undertakings) Acts through an Alternative Mechanism after regulatory consultation; the Government has notified the scheme. The scheme protects employee interests by ensuring every serving employee of the amalgamating banks becomes an employee of the amalgamated bank and continues under Board approved terms, with the amalgamated bank's Board required to ensure protection of employee interests. en-us Tue, 08 Jan 2019 18:13:37 +0530 Tue, 08 Jan 2019 18:13:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=20931 Amalgamation of Bank of Baroda, Vijaya Bank and Dena Bank has been approved under the Banking Companies (Acquisition and Transfer of Undertakings) Acts through an Alternative Mechanism after regulatory consultation; the Government has notified the scheme. The scheme protects employee interests by ensuring every serving employee of the amalgamating banks becomes an employee of the amalgamated bank and continues under Board approved terms, with the amalgamated bank's Board required to ensure protection of employee interests. News - Tue, 08 Jan 2019 18:13:37 +0530 https://www.taxtmi.com/news?id=20931