Govt unlikely to go for privatisation of public sector banks this fiscal

The government, however, is following the process of consolidation of PSBs for the past few years.  It started with the merger of State Bank of Saurashtra with its parent State Bank of India (SBI) in 2008. Subsequently, State Bank of Indore was merged with SBI in 2010.

from Banking & Finance – The Financial Express https://ift.tt/2Y0Egti