Mega PSB merger: 10 banks amalgamated into 4-entitie

30 Aug 2019 05:54 PM

Mega PSB merger: 10 banks amalgamated into 4-entitie

Updated 30 Aug 2019 05:54 PM

 In a major reform measure, the Central government on Friday announced the merger of 10 public sector banks (PSBs) into four entities, which includes the amalgamation of Oriental Bank of Commerce and United Bank of India with Punjab National Bank.
According to Finance Minister Nirmala Sitharaman, Canara Bank and Syndicate Bank will be merged into o

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