Employees and officers of Allahabad Bank staged a demonstration in front of its headquarters here to protest against the merger.
Following next year, Bank of Baroda had merged Vijaya Bank and Dena Bank with itself.
Grab and Gojek are the top-two startup brands in Southeast Asia, valued at USD 14 billion and USD10 billion.
All the general secretaries of all banks' officers associations will meet there and finalise the action program to oppose the merger.
Shares of Corporation Bank tanked 9.28 per cent to Rs 17.10, Punjab National Bank plunged 8.54 per cent to Rs 59.40.
I have very clearly underlined the fact that there shall not be one employee removed, said Finance Minister Nirmala Sitharaman.
The government on Friday unveiled a mega plan to merge 10 public sector banks into four as part of plans.
Manufacturing output and subdued farm sector activity pulled down India's GDP growth to 5 pc in April-June quarter.
Non-performing assets have also been brought down from Rs 8.65 lakh crore to Rs 7.9 lakh crore.
The net worth of BSNL stood at Rs 34,276 crore, while MTNL had a negative networth of Rs 9,735 crore as on April 1, 2019.