No plans for public sector banks merger? Government issues clarification; here's what MoS detailed on FDIs, IDBI offloading & more

The government has confirmed no current plans for merging public sector banks. Foreign Direct Investment limits in banks have been detailed. The sale of IDBI Bank is proceeding as planned, with significant stakes being divested by the government and LIC. Regional Rural Banks have shown strong financial performance, achieving record profits.

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