Govt Explores J&K Bank Merger
  • WebDesk BTVI
  • Jul 25 2019

A major development on J&K Bank merger is likely to be announced soon. Sources have told BTVI that the possible merger candidates include the State Bank of India (SBI) and one private sector bank. State owned bank may emerge as the preferred choice for merger of J&K Bank, they say. The Centre and state government have reports on massive corruption and misgovernance at J&K Bank and the merger will end politician, bureaucrat and employee nexus blighting the lender.