Mega PSB Merger: India Plans Biggest Bank Consolidation Yet | Major PSB Overhaul
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Mega PSB Merger: India Plans Biggest Bank Consolidation Yet | Major PSB Overhaul
The government is working on a major consolidation plan that could reduce India’s public-sector banks from 12 to just four by FY27. SBI, PNB, Bank of Baroda, and a merged Canara–Union Bank structure are expected to emerge as the core entities. Mid-sized lenders such as Indian Overseas Bank, Central Bank of India, Bank of India, and Bank of ...
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