By CNBC-TV18 Apr 30, 2019 8:47:57 AM IST (Published)
Follow real-time updates on Union Budget 2023Catch exclusive videos on Union Budget 2023 from CNBC-TV18
The merger of Punjab National Bank, Union Bank and Bank of India is being considered as an option, the paper said.
The government may consider merging of Punjab National Bank, Union Bank of India and Bank of India, The Economic Times reported citing a finance ministry official.
Recommended Articles
View All
Budget 2023: Taking a bold step to unlock India’s potential
Feb 2, 2023 IST2 Min(s) Read
Budget 2023: Moving closer towards universal health through proper implementation is key
Feb 2, 2023 IST3 Min(s) Read
Explained: Pakistan economy on the edge of collapse — why India may be worried
Feb 2, 2023 IST10 Min(s) Read
Budget 2023: Unleashing India’s growth potential in the years to come
Feb 2, 2023 IST2 Min(s) Read
The government may soon invite selected lenders to discuss options as it is looking to start some process around the second or the thrid quarter of the fiscal year 2019-20, added the report.
In the first round of the PSB merger, Bank of Baroda, Vijaya Bank and Dena Bank were formally amalgamated on April 1, 2019.
The official, however, told the paper that it is not necessary for it to be a tripartite merger and will now look at different and various combinations.
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!