Mega bank consolidation: Meeting April 1 deadline appears challenging

Last year in August, the government announced the consolidation of ten public sector banks (PSBs) into four mega state-owned lenders. As per the plan, United Bank of India and Oriental Bank of Commerce would merge with Punjab National Bank, making the proposed entity the second largest public sector bank.

from Banking/Finance-Industry-Economic Times https://ift.tt/39V9G7b