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Economy

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.
Government asks Reserve Bank to suggest on PSU Bank merger
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