Public Sector Bank Mergers – Rumor is running around web related to merging of six new banks i.e. Punjab National Bank, Indian Bank, Indian Overseas Bank and Canara Bank, Syndicate Bank and UCO Bank.
Government of India had announced the merging of three Indian Public Sector banks i.e. Bank of Baroda, Vijaya Bank and Dena bank on 18th Sept 2018. Post announcement of merger, a lot of media channels has starting throwing the assumption on further merging of few more public sector bank. Zee Business moves further and announced the name of potential banks for mergers. The bank merger formula, Very big bank+ better bank+worst bank.
Let’s see which are the Banks rumored to be merged
- Punjab National Bank, Indian Bank, Indian Overseas Bank
- Canara Bank, Syndicate Bank and UCO Bank