Mega bank consolidation on track; to take effect from 1 April, says finance minister Nirmala Sitharaman
The government on Thursday said the mega bank consolidation plan is very much on track and will take effect from April 1 despite the onslaught of coronavirus pandemic throwing the country out of gear
Strategic sale in 5 PSUs: Govt’s messed up fiscal math has just got a major face-saver; privatisation drive positive for economy
The stake will be brought down in select PSUs to 51% while retaining the management control on a case-to-case basis, the government said.
RBI to ensure mega bank mergers non-disruptive, central bank in discussion with govt: Shaktikanta Das
The Reserve Bank of India (RBI) is in discussions with the government to ensure that the mega bank merger process is carried out in a non-disruptive, governor Shatikanta Das said on Friday
Finance Ministry has decided that PNB, OBC and UBI may consider the amalgamation of OBC and UBI into PNB