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Bank managements take to video conferencing to update staff on merger eve

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MUMBAI: As the merger of 10 public sector banks into four entities comes into force on 1 April, managements rely on remote conferencing with senior bankers from zonal and other offices to ensure a smooth transition, three bankers told Mint on Tuesday.

Hamstrung by the covid-19 lockdown, banks are already functioning with skeletal staff and have had to rely largely on video conferencing to communicate with employees and customers.

Under the merger plans announced in August last year, Andhra Bank and Corporation Bank will merge into Union Bank of India; Syndicate Bank into Canara Bank; United Bank of India and Oriental Bank of Commerce will merge into Punjab National Bank and Allahabad Bank will merge with Indian Bank.

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COVID-19
United States
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Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
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Cases: 34 321 025
Deaths: 459 652
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Brazil
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United Kingdom
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Deaths: 141 607
Recovered: 0
Russia
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Recovered: 0
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