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Banking Sector.

Employee Associations Urge Merger of RRBs with Sponsor Banks for Enhanced Efficiency

News on HR 2 ArdorComm Media Group Employee Associations Urge Merger of RRBs with Sponsor Banks for Enhanced Efficiency

Bank employee associations have called on Union Finance Minister Nirmala Sitharaman to merge Regional Rural Banks (RRBs) with their respective sponsor banks. This move aims to ensure overall efficiency and viability in the banking sector. A joint statement from the All India Bank Officers’ Confederation and the All India Bank Employees Association, representing over 6 …

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IDFC First Bank Shareholders Approve Merger with IDFC Ltd

News on HR 4 ArdorComm Media Group IDFC First Bank Shareholders Approve Merger with IDFC Ltd

IDFC First Bank shareholders have approved the merger of IDFC Limited with the bank, marking a significant step in the amalgamation process. The National Company Law Tribunal (NCLT) convened a meeting on May 17, 2024, to consider and approve the composite scheme of amalgamation involving IDFC Financial Holding Company merging into IDFC Limited, and subsequently, …

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