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News
PSU bank merger
PSU bank merger News
Bank strike
13 Sep 2019
Banks to remain shut for 4 days due to strikes, holidays
Banking unions have threatened to go on a two-day strike between September 26 and September 27 to protest against the PSU Bank merger.
Govt PSU merger
30 Oct 2017
Govt sets up Arun Jaitley led panel on PSU bank mergers
The Union Cabinet in August had decided to set up an Alternative Mechanism to fast track consolidation among public sector banks to create strong lenders.
Finance Ministry
27 Aug 2017
'Govt ready to provide capital support for PSU banks' merger'
The Union cabinet has approved the setting up of an alternative mechanism, or a panel of ministers, to decide on consolidation proposals for state-run banks.
SBI Capital Markets
31 Jul 2014
SBI Capital to make report on PSU bank merger within a month
The Finance Ministry has appointed SBI Capital Markets to undertake a study on mergers as well as recapitalisation of state-owned banks and the report is likely to be finalised within a month.
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