Mega bank consolidation on track; to take effect from April 1, says FM Sitharaman

The merger will result in creation of seven large PSBs with scale and national reach, with each amalgamated entity having business of over Rs 8 lakh crore and it would help create banks with scale comparable to global banks and capable of competing effectively in India and globally.

from Banking & Finance – The Financial Express https://ift.tt/2yb3fzw