Tag: consolidation

FM announces amalgamation of banks to achieve higher economic growth

Newsroom24x7 Network New Delhi: Finance & Corporate Affairs Minister Nirmala Sitharaman on Friday, 30 August 2019, announced the Union Government’s decision to consolidate Public Sector Banks (PSBs) for strong national resence & global reach. The banks being amalgamated together handle 82% of PSB business and 56% of Commercial bank business. These are being brought together

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