2,118 branches of public sector banks closed or merged in FY21: RTI reply
The government consolidated ten PSU banks into four in the last financial year, bringing the number of nationalised banks to 12.
PTI | May 9, 2021 | Updated 20:23 IST
The highest number of 1,283 branches of Bank of Baroda were either closed or merged.
As many as 2,118 branches of 10 public sector banks have either been closed or merged with other banks in the last fiscal, according to an RTI reply.
The highest number of 1,283 branches of Bank of Baroda were either closed or merged, according to information provided to an RTI query filed by Neemuch-based activist Chandrashekhar Gaud.
2,118 branches of state-run banks closed or merged in last fiscal: RTI reply
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2,118 branches of state-run banks closed or merged in last fiscal: RTI reply
PTI / May 9, 2021, 20:21 IST
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INDORE: As many as 2,118 branches of 10 public sector banks have either been closed or merged with other banks in the last fiscal, according to an RTI reply.
The highest number of 1,283 branches of Bank of Baroda were either closed or merged, according to information provided to an RTI query filed by Neemuch-based activist Chandrashekhar Gaud.
No branch of Bank of India and UCO bank was closed in the last fiscal. The government consolidated ten PSU banks into four in the last financial year, bringing the number of nationalised banks to 12.
Gujarat logs record 11,403 COVID-19 cases, 117 deaths; state ramps up Oxygen production
This is for the first time that the number of fresh coronavirus has crossed the 11,000-mark in a day in Gujarat.
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Covid-19 patients watch a movie at a COVID Care Centre in Surat, Monday, April 19, 2021. (Photo | PTI) By PTI
AHMEDABAD: Gujarat recorded 11,403 new COVID-19 cases on Monday, the highest one-day count so far, while 117 patients died due to the infection, the most in a day, the state Health Department said.
This is for the first time that the number of fresh coronavirus has crossed the 11,000-mark in a day in Gujarat.
How Indiaâs Plan for Bank Privatisation Is Fraught with Serious Challenges
The government intends to privatise four mid-sized public sector banks: Bank of Maharashtra, Bank of India, Indian Overseas Bank and Central Bank of India.
Central Bank of India is among the four PSBs which government intends to privatise. Photo: PTI
Government19/Apr/2021
Keeping the focus on the Rs 1.75 lakh crore disinvestment target for the financial year 2022âs privatisation drive, the finance ministry is holding discussions to bring legislative amendments in order to bring two public sector banks (PSBs) out of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 and (nationalisation) 1980. Before the bank nationalisation laws can be repealed, the PSBs have to be transferred from under these acts to the Companies Act.
One million Indian bank employees join two-day national strike against privatisation
About one million public sector bank workers joined a two-day national strike on Monday and Tuesday against the plans by Prime Minister Narendra Modi’s government for mergers and privatisations of state banks. Striking workers held protests in several cities across India.
The two-day action is part of a growing wave of class and other social struggles in India and internationally. Tomorrow, workers in public sector insurance companies will join a strike against privatisation. Tens of thousands of farmers are in continuous protests against the government’s pro-agribusiness farm laws, camping at various sites on the outskirts of Delhi since November 26.