https://www.taxtmi.com/news?id=22585 Cabinet approved a mega consolidation effective 1.4.2020 by amalgamating specified PSBs into four successor banks (Oriental Bank of Commerce and United Bank of India into Punjab National Bank; Syndicate Bank into Canara Bank; Andhra Bank and Corporation Bank into Union Bank of India; Allahabad Bank into Indian Bank), creating larger consolidated entities with national reach and enhanced business scale and enabling digital transformation, operational synergies, cost benefits, larger lending capacity, improved risk management, and broader financial inclusion. en-us Wed, 04 Mar 2020 18:24:22 +0530 Wed, 04 Mar 2020 18:24:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=22585 Cabinet approved a mega consolidation effective 1.4.2020 by amalgamating specified PSBs into four successor banks (Oriental Bank of Commerce and United Bank of India into Punjab National Bank; Syndicate Bank into Canara Bank; Andhra Bank and Corporation Bank into Union Bank of India; Allahabad Bank into Indian Bank), creating larger consolidated entities with national reach and enhanced business scale and enabling digital transformation, operational synergies, cost benefits, larger lending capacity, improved risk management, and broader financial inclusion. News - Wed, 04 Mar 2020 18:24:22 +0530 https://www.taxtmi.com/news?id=22585