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Government announces public sector bank consolidation: Check details here

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.

Profile imageBy CNBC-TV18 August 30, 2019, 5:15:25 PM IST (Published)
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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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Consolidated business of Union Bank, Andhra Bank  and Corporation Bank is Rs 14,59,434 crore.

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Consolidated business of Indian Bank and Allahabad Bank is Rs 8,07,859 crore.

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An overview of how all the public sector banks will look like.

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