homephotos Newsfinance NewsGovernment announces public sector bank consolidation: Check details here

Government announces public sector bank consolidation: Check details here

Government announces public sector bank consolidation: Check details here
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By CNBC-TV18 Aug 30, 2019 5:15:25 PM IST (Published)

SUMMARY

Finance Minister Nirmala Sitharaman on Friday announced consolidation of public sector banks after meeting PSU bank chiefs. The government will amalgamate 10 PSU banks into four entities.

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Consolidated business of PNB, OBC  and United Bank is Rs 17,94,526 crore.

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Consolidated business of Canara Bank and Syndicate Bank is Rs 15,20,295 crore.

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