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PSU bank consolidation News

PSU bank consolidation

03 Sep 2017

Finance Ministry writes to heads of PSU banks on consolidation

A formal communication to CEOs of the banks from the Department of Financial Services last week has set in motion the consolidation process, a senior finance ministry official said.

PSU bank consolidation

09 Jun 2017

Govt may approve one more PSU bank consolidation by March

Enthused by the success of SBI merger, the Finance Ministry is considering clearing another such proposal in the public sector banking space by this fiscal end with a goal to create 4-5 global sized lenders.

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