Merger Bank List For Consolidation Of Public Sector Banks
The finance minister decided to merge the large public sector banks for the growth of the banking sector by reducing the number of banks. As in the previous PSB merger, the SBI its subsidiary banks and Bhartiya Mahila Bank is merged and become the largest PSB in India. The advantage of the merger is that it increases the bank funds as the bank merged along with their funds and reduces the non-processing asset (NPA) ratio. To know the list of bank merger read the given article. Top PSB and their merger bank list In the second PSB merger, the 10 PSBs would be converted into 4 to offer more bank branches and better services to the customers. Look at the below mentioned merger bank list to know with which bank the top PSB are going to merge. Canara Bank: To control the NPA ratio of Canara Bank it is merging with Syndicate bank to widen the bank branches and lending capacity. In the merger bank list, the Canara Bank and Syndicate Bank amalgamation is decided by the...