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News
PSU banks merger
PSU banks merger News
Bank stocks
23 Aug 2017
Bank stocks in demand, surge up to 4%
The government on Wednesday decided to set up an alternative mechanism to oversee the proposals for consolidation of public sector banks (PSBs) with a view to creating fewer but stronger lenders.
PSU banks merger
23 Aug 2017
Cabinet gives in-principle nod for public sector banks merger
In the context of massive accumulation of bad loans by state-run banks, the Union Cabinet on Wednesday gave an "in principle" approval for their consolidation by merging some of the public sector lenders, Finance Minister Arun Jaitley announced.
PSU banks bad loans
11 Oct 2016
Government looking at merger of two big PSU banks after cleanup of bad assets
Government may merge two large state banks in the coming fiscal year once a cleanup of bad assets has run its course.
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