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Banks Merger means merging of banks’ balance sheets, customers and customer databases. For instance, all branches of the five associate banks and Bhartiya Mahila Bank started operating as branches of SBI from 1 April and their customers are now customers of SBI.

After the merger, customers remain account holders, albeit in the merged entity.

The entire process of merger includes technical integration of customer databases, issuing new passbooks and chequebooks – could take a few months to complete. Over this period, some branches could close down, if there are overlaps.

If one bank is merged with another bank, you can continue to use the old bank’s chequebook for payment and withdrawls.

Kishor Kharat MD CEO of Indian Bank

Mergers to divert focus on NPA recovery, not the right time...

After former RBI Governor Raghuram Rajan, here's now a public sector bank boss expressed hos views against forced bank mergers. "It's not the right time...
Banks merger

Banks Consolidation : Bank Bosses puts conditions before banks merger

The top brass of prominent state-run banks like Punjab National Bank, Canara Bank and Bank of Baroda, which are positioned as acquiring banks, have set certain pre-conditions...
Raghuram Rajan questions Government's move to merge public sector banks

Bank Mergers : Raghuram Rajan questions Govt’s move to merge banks

Former RBI Governor Raghuram Rajan puts question marks on Government's move to merge public sector banks. He said that the government should be clear on...
Jobs in Public Sector Banks impacted by consolidation plans

Bank merger to hit hiring in public sector banks, 50 percent...

As Government has given in principle approval to merger of banks so hiring in public sector banks will be affected badly. Union cabinet has...
Arundhati Bhattacharya

Ensure bank mergers benefit customers, shareholders: Arundhati Bhattacharya

State Bank of India chairman Arundhati Bhattacharya, who created history this year by six bank mergers at one stroke, on Tuesday said the economy...

Cabinet approves framework for PSU Banks merger | PNB, BOI, SBI...

Union Cabinet has approved the framework for Public Sector Banks merger. There are a total of 21 public sector banks. The Banks merger will be...
Banks Merger on Fast Track

Government to put PSU Banks Merger Process on fast track

Keen to push consolidation in the public sector banking space, the government is looking to set up a new mechanism to speed up decisions...