US EditionIndia May Merge 12 Public Sector Banks Into Just 4 by 2027 - Govt Says No Active Proposal
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India May Merge 12 Public Sector Banks into Just 4 by 2027 - Govt Says No Active Proposal
India’s 2020 bank mergers cut 10 PSBs into 4 strong entities. Now, reports predict ‘Merger 2.0’ to shrink 12 PSBs to 4 by FY27. Officials deny active plans as of December 2025. India merged 10 public sector banks into 4 in 2020. This boosted efficiency from 27 to 12 PSBs. Recent buzz suggests ‘Merger 2.0’ to form 4 core banks by FY27. Targets include IOB, UCO, BOI for giants like SBI. Finance Minister Nirmala Sitharaman noted RBI talks in Nove…
Consolidation of Public Sector Banks - No proposal on merger is under consideration of the Government
The following article Consolidation of Public Sector Banks – No proposal on merger is under consideration of the Government first appeared on Central Govt Employees News - 8th Pay Commission - Staff News. Consolidation of Public Sector Banks – No proposal on merger or consolidation of Public Sector Banks (PSBs) is under consideration of the Government: Lok Sabha Unstarred Question No. 52 answered on 01.02.2025 GOVERNMENT OF INDIA MINISTRY OF FIN…
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