Undeterred by Covid-19, govt goes ahead with PSU banks merger
All customers, including depositors of amalgamating banks, will automatically be transferred to the principal bank under the merger process, the RBI said.
All customers, including depositors of amalgamating banks, will automatically be transferred to the principal bank under the merger process, the RBI said.
With today's announcement, post consolidation, India will have 12 Public Sector Banks from 27 Public Sector Banks.
MCLR for one-month loan and 6-month tenor has been reduced by 0.10 per cent to 8.35 per cent and 8.60 per cent, respectively.
Punjab Chief Minister Amarinder Singh on Monday flayed attempts to politicise the Oriental Bank of Commerce (OBC) case with unsubstantiated…
