After SBI, UCO Bank and two other public lenders to get merged?

Zee Media Network

New Delhi: After asking State Bank of India (SBI) to merge its 5 associate banks, the government may ask three other public lenders namely UCO Bank, Bank of India and Indian Overseas Bank with financially sound banks, as per a report in the Economic Times.

The report further claims that the discussions regarding the restructure are still in the first stage and only after the banks come with a proposal the government will act as a facilitator.