Impact of bank merger – Union Bank of India, Andhra Bank and the Corporation Bank will lead to any loss of jobs for the present employees or loss of any future employment opportunities for the people?
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF FINANCIAL SERVICES RAJYA SABHA UNSTARRED QUESTION NO. 223 TO BE ANSWERED ON THE 15th September 2020/ Bhadrapada 24, 1942 (SAKA) Impact of bank merger 223. SHRI PARIMAL NATHWANI: Will the Minister of FINANCE be pleased to state: (a) whether the merger of Union Bank of India, Andhra Bank and the Corporation Bank will lead to any loss of jobs for the present employees or loss of any future employment opportunities for the people; (b) whether Government plans to preserve the strong regional focus which the Andhra Bank had towards the Telugu speaking States; and (c) if so, the details thereof and if not, the reasons therefor? ANSWER THE MINISTER OF STATE FOR FINANCE (SHRI ANURAG SINGH THAKUR) (a) to (c): As per inputs received from Union Bank of India, the amalgamation of Andhra Bank and Corporation Bank into Union Bank of India has not resulted in a...