11th Canara-Syndicate Bank Merger - Minimum Transfer to Officers Upto Scale IV - 11th BPS News

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Wednesday, 29 January 2020

Canara-Syndicate Bank Merger - Minimum Transfer to Officers Upto Scale IV


Canara Bank & Syndicate Bank proposed merger - In view of the proposed amalgamation of Syndicate Bank and Canara Bank, the MD & CEO of the bank has announced in a meeting that there would be minimum transfer up to scale IV or Chief Manager Officers. 

MD Canara Bank addressed Circle Office Kolkata Staff and spoke for around 90 minutes on various issues related to merger and others.
The Highlights  of the meeting

1. Merged Entity will have 23 Circles and around 160 Regions. Circles Headed by CGM & GM, RO headed by DGM irrespective of size.     
2. All promotion results will be declared on 31st March and Promotion effective from 01st April.
3. Treasury will work with group entity from 01st April. 
4. Minimal transfers for Scale I to IV.

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