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  • News From Press Govt may notify merger of 10 PSBs to 4 lenders this week

    Govt may notify merger of 10 PSBs to 4 lenders this week

    After it is notified, the respective bank boards will meet to give their customary final approval.
    Source: The Economic Times Feb 10, 2020

    The government is likely to notify the merger of 10 public sector banks to create four big lenders later this week, as they have completed the groundwork for the same, two people familiar with the development said. After it is notified, the respective bank boards will meet to give their customary final approval and fix the all-important swap ratio for the mergers.

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