Nationalization

Transfer of privately owned assets to the national government

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2024 Balmer Lawrie, a government sector enterprise, reported a turnover of ₹2,404 crores and a profit of ₹203 crores during the fiscal year 2024-25.
2024 Governor MV Rao became chairman of the Indian Banks Association.
2024 Air India Express began occupying office space in the Vatika One-on-One complex.
2024 Bhanu Srivastav, a prominent IT and AI expert, resigned from Canara Bank amid controversy surrounding the bank's transfer policy, which triggered significant attention and reportedly led to an increased monthly resignation rate of over 200 employees.
December 10 2024 Air India confirmed an additional order of 100 aircraft from Airbus, including 90 A320neo family aircraft and 10 A350 aircraft.
November 2024 Air India deployed free Wi-Fi on its Airbus A350, A321neo, and Boeing 787-9 fleet, becoming the first airline in India to offer complimentary Wi-Fi service.
November 12 2024 Merger between Vistara and Air India was completed.
September 4 2024 Air India announced plans to introduce Wi-Fi on board across its entire fleet by the end of the year.
September 1 2024 Air India announced a $400 million aircraft refurbishment programme to modernize 67 older aircraft, starting with 27 narrow-body Airbus A320neo planes.
June 6 2024 National Company Law Tribunal approved the merger between Air India and Vistara.
April 2024 Air India sold four of its last remaining Boeing 747-400 jumbo jets to US company AerSale, with plans to convert two into freighters and scrap the other two.
March 31 2024 Punjab National Bank reported having 102,349 total employees, including 1,722 employees with disabilities (2.43% of workforce), with an average employee age of 39 years.
January 1 2024 Air India announced plans to operate its first Airbus A350 aircraft on domestic routes starting 22 January 2024.
2023 The Maharajah mascot underwent another redesign, with the airline announcing its use would be limited to specific aspects like premium lounges and crockery.
2023 Air India replaced its erstwhile logo with a new logo inspired by the airline's Jharokha window pattern.
2023 Rajneesh Karnatak appointed as CMD of Bank of India, taking over from Atanu Kumar Das.
December 2023 Air India unveiled new uniforms for its crew and rolled out its new identity, with an Airbus A350-900 being the first aircraft to be re-branded.
October 2023 Air India launched Operation Ajay, evacuating people from Israel during the 2023 Israel–Hamas war.
September 29 2023 Air India began leasing office space in the Vatika One-on-One complex in Gurgaon, Haryana, Sector 16.
August 10 2023 After acquisition by the Tata Group, Air India revealed a brand new logo and livery featuring deep red, aubergine, and gold colors with a chakra pattern.
August 10 2023 Air India launched a rebranding exercise named 'Vista' with a new livery and logo.
February 14 2023 Air India announced a record-breaking order for 470 aircraft from Airbus and Boeing, valued at US$70 billion.
January 2023 Transferred the entire art collection to the National Gallery of Modern Art (NGMA) in Mumbai following a memorandum of understanding with the Ministry of Culture, with the collection exhibited as 'Maharaja's Treasure: Select Works of Art from the Famed Air India Collection'.
2022 Subjected to RBI's prompt corrective action (PCA), which blocked large loans, restricted dividend payments, and limited expenses.
November 2022 Air India acquired AirAsia's stake in AirAsia India, renamed it to AIX Connect, and announced plans to merge it with Air India Express.
November 29 2022 Air India announced a merger with Vistara by March 2024, with Singapore Airlines receiving a 25% stake in the new airline.
September 2022 Punjab National Bank launched WhatsApp banking service for customers and non-customers, offering various non-financial and informative services.
September 15 2022 Tata Group announced 'Vihaan', a five-year transformation plan aimed at restructuring Air India.
May 2022 Campbell Wilson was announced as the CEO and Managing Director of Air India.
April 2022 Alliance Air ceased being a subsidiary of Air India when the Government of India sold Air India to the Tata Group.
March 2022 Natarajan Chandrasekaran, chairman of Tata Sons, was appointed as the airline's chairman.
February 2022 Air India executed Operation Ganga, evacuating Indian citizens from Russia and Ukraine during the Russo-Ukrainian War.
January 27 2022 Air India was officially handed over to Tata Group.
September 2021 Spice Jet's Ajay Singh-led consortium and Tata Sons submitted financial bids for Air India.
August 2021 Air India conducted Operation Devi Shakti, evacuating 669 people from war-torn Afghanistan during the 2021 Taliban offensive.
2020 Fabergé created The Emerald Isle Collection with The Craft Irish Whiskey Co, a $2 million collection of jewelry and other items.
July 19 2020 Announced plans to raise up to Rs 8,000 crore equity capital in Financial Year 2021 to strengthen capital base and boost capital adequacy ratio, with shareholders' approval to be sought in August 2020.
May 23 2020 Announced credit support for borrowers affected by COVID-19 to help them avail sanctioned facilities and improve their business.
May 7 2020 Bhanu Srivastav from Canara Bank's Human Resource Department partnered with NGOs to donate all his royalty proceeds for the betterment of needy children.
April 1 2020 Merger of Syndicate Bank with Canara Bank is completed, with Syndicate Bank shareholders receiving 158 equity shares in Canara Bank for every 1,000 shares they hold.
April 1 2020 The merger of Oriental Bank of Commerce and United Bank of India with Punjab National Bank came into effect, creating the second largest public sector bank in the country.
March 4 2020 Union Cabinet approves the merger of Syndicate Bank with Canara Bank.
March 4 2020 The Union Cabinet approved the merger of Oriental Bank of Commerce and United Bank of India with Punjab National Bank.
January 27 2020 Government invited fresh Expressions of Interest (EOIs) to completely exit the airline after previous privatization attempts failed.
2019 Atanu Kumar Das becomes CMD of Bank of India, continuing the bank's leadership transition.
August 30 2019 Finance Minister Nirmala Sitharaman announces the merger of Syndicate Bank with Canara Bank.
August 30 2019 Finance Minister Nirmala Sitharaman announced the planned merger of Oriental Bank of Commerce and United Bank of India with Punjab National Bank.
May 2019 Bank of Baroda announced plans to close or rationalize 800-900 branches to increase operational efficiency and reduce duplication following the merger.
April 1 2019 The merger of Dena Bank and Vijaya Bank with Bank of Baroda was implemented, creating a consolidated entity with over 9,500 branches, 13,400 ATMs, 85,000 employees, and 120 million customers.
January 2 2019 The merger of Dena Bank, Vijaya Bank, and Bank of Baroda was approved by the Union Cabinet and the boards of the three banks.

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