Bhubaneswar, May 25 -- Chennai: The amalgamation of 10 public sector banks into four has been working smoothly for the past two months without any heartburns as the employee benefit schemes have been extended to all the employees, said a top official of All India Bank Employees' Association (AIBEA).

The AIBEA is the largest union in the banking sector representing the workmen category.

According to C.H. Venkatachalam, General Secretary, AIBEA, while the information technology (IT) systems of the ten banks that were amalgamated into four are yet to be integrated, the amalgamation is working smoothly till now.

"Each bank had its own employee benefit schemes. The scheme that is most beneficial to the employees were extended to all the emp...