"I can only say that much now."
The Central government had recently decided to merge the Allahabad Bank with the city-based Indian Bank.
The Allahabad Bank is a joint venture partner in the Universal Sompo General Insurance Company along with the Indian Overseas Bank (IOB), the Karnataka Bank, Dabur Investments and Sompo Japan Nipponkoa Insurance Inc.
Chundru said pre-merger activities like issuing Request for Proposals (RFP) for different activities, setting up of committees of General Managers of both the banks are on.
Meetings with the employees of both the banks are being held to iron out any apprehensions, she added.