Tag Archives: Bank merger

Merger Of PSU Banks April 1 4 State-Run Banks In Place Of 10 From Today As Mega Merger Takes Effect

4 State-Run Banks In Place Of 10 From Today As Mega Merger Takes Effect

The government’s mega merger plan to strengthen the financial system came into effect on Wednesday, combining 10 state-run banks into four. Announced in August last year, the merger combines Punjab National Bank, Oriental Bank of Commerce and United Bank into one lender managing business worth Rs 17.95 lakh crore. Similarly, …

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Mega Merger Of State-Run Banks Comes Into Force From April 1, Says RBI

Mega Merger Of State-Run Banks Comes Into Force From April 1, Says RBI

The schemes for the merger of ten state-run banks into four lenders are coming into force from April 1, according to the Reserve Bank of India. The banking regulator in separate releases announced that the branches of merging banks will operate as of the banks in which these have been …

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