Finance Ministry plans second round of PSB mergers
  • WebDesk BTVI
  • May 22 2019

Finance Ministry sources say that the next round of merger of public sector undertaking banks is already in the talks. Sources say the plans for the same are being drawn with two possible mergers this financial year, both of which could be initiated in the third quarter. The final proposal for the mergers will be sent for approval once the new government is formed. The ministry has held conversations with as many as nine banks, including PNB, Bank of India, Allahabad Bank among others.