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PSU bank merger News

13 Sep 2019

Banks to remain shut for 4 days due to strikes, holidays

Banking unions have threatened to go on a two-day strike between September 26 and September 27 to protest against the PSU Bank merger.

Govt PSU merger

30 Oct 2017

Govt sets up Arun Jaitley led panel on PSU bank mergers

The Union Cabinet in August had decided to set up an Alternative Mechanism to fast track consolidation among public sector banks to create strong lenders.

Finance Ministry

27 Aug 2017

'Govt ready to provide capital support for PSU banks' merger'

The Union cabinet has approved the setting up of an alternative mechanism, or a panel of ministers, to decide on consolidation proposals for state-run banks.

SBI Capital Markets

31 Jul 2014

SBI Capital to make report on PSU bank merger within a month

The Finance Ministry has appointed SBI Capital Markets to undertake a study on mergers as well as recapitalisation of state-owned banks and the report is likely to be finalised within a month.

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