Over 3,400 branches of 26 PSBs closed or merged in last 5 years: RTI

To a query under the Right to Information (RTI) Act, the Reserve Bank of India (RBI) informed that 26 PSBs of the country either closed or merged 90 branches during FY 2014-15, 126 branches in 2015-16, 253 branches in 2016-17, 2,083 branches in 2017-18 and 875 branches during 2018-19. Of this, 75 per cent of the affected branches belong to SBI.

from Banking/Finance-Industry-Economic Times https://ift.tt/2JKCjt7