Thursday, June 17, 2021
Home Business Mega Bank Merger Drive effective from April 1

Mega Bank Merger Drive effective from April 1

Reserve Bank of India (RBI) has decided to go ahead with the merger plan of ten state-run banks into four larger banks from April 1. RBI’s statement comes after Finance Minister Nirmala Sitharaman’s clarification on Thursday that the mega bank consolidation plan was very much on track and would take effect from April 1. The scheme will merge Oriental Bank of Commerce and United Bank of India into Punjab National Bank; Syndicate Bank into Canara Bank; Allahabad Bank into Indian Bank; and Andhra and Corporation Banks into Union Bank of India.

Read More – Money control | Business Today | News Minute | India Today

50% LikesVS
50% Dislikes

News Verification For Headline Auditors

If this seems like a news that is relevant to your industry. Would you like to verify the authenticity of the news?
Please Enter your Secret Key

We are building a board of industry expert to help us verify important news stories. If you would like to empanel yourself, please click here.

Report Post

Akshay Washindkar
23, Aspiring Actor, Screenplay Writer, Filmmaker, Content Writer @Headline English.

TRENDING NEWS

LATEST NEWS