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There will not be single job loss due to merger of banks: FM Sitharaman

by AIP Online Bureau | Sep 1, 2019 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Intermediaries

  New Delhi: Finance minister Nirmala Sitharaman on Sunday allayed fears of job losses following the proposed merger of public sector banks, saying not even one employee shall be removed following the amalgamation.   "Absolutely, ill informed. I want to...

PSBs consolidation building block for $5 trillion economy: Finance secy

by AIP Online Bureau | Sep 1, 2019 | Banking & Bancassurance, Eco/Invest/Demography, Indian News

New Delhi: The government's decision to consolidate 10 public sector banks (PSB) into four mega state-owned lenders will act as a building block for achieving $5 trillion economy target, Finance Secretary Rajiv Kumar has said.   "To support next level of...
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