Government asks Reserve Bank to suggest on PSU Bank merger
Updated : July 25, 2018 06:38 AM IST
With a view to facilitate consolidation among public sector banks to create strong and competitive entities, serving as catalysts for growth, with improved risk profile of the bank, the government has put in place an Alternative Mechanism (AM) comprised of three ministers
Last year, the government decided to set up an Alternative Mechanism to fast track consolidation among public sector banks (PSBs) to create strong lenders.
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morning
YOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more