Govt nod likely for one more merger of PSBs by March

Press Trust of India New Delhi | Updated on January 12, 2018 Published on June 09, 2017

Enthused by the success of the SBI merger, the Finance Ministry is considering clearing another such proposal in the public sector banking space by this fiscal end with a goal to create four to five global-sized lenders.

“Consolidation is a must...but decision in this regard would be based on commercially prudent parameters. If the NPA situation gets better, there could be one more merger towards the end of this fiscal,” a senior official told PTI.

Published on June 09, 2017
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