As per the news item appearing in Business Standard, Finance Ministry has started work on a road map to create Eight to Ten large entities of Public Sector Banks. According to the report, Mr. Ashok Chawla, Finance Secretary, Govt. of India is working on a concept note to provide the framework for consolidation. The report also says that the road map would plan for the next few years.
Source: http://www.business-standard.com/india/news/finmin-working-out-plan-to-merge-banks/373925/
FINANCE MINISTRY WORKING OUT PLAN TO MERGE BANKS
Labels: BANKING N FINANCE
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