The government is considering merging at
least four state-run banks, including Bank of Baroda, IDBI Bank Ltd, Oriental
Bank of Commerce and Central Bank of India, according to a Mint report.
If the plan goes
through, the merged entity will become the second-largest bank in the country
after State Bank of India, with combined assets of Rs 16.58 lakh crore.
Over the last
one year or more, the government has been indicating consolidation in the
banking sector by reducing the number of banks by merging or closing down some
of the loss-making smaller public sector banks.
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