Govt announces mega merger of PSBs, bringing down their number to 12
The government’s proposal to merge six public sector banks with their peers will propel Delhi-based Punjab National Bank to become the second largest PSB in India. These mergers follow the Bank of Baorda-Dena-Vijaya amalgamation last year. After these mergers, the total number of PSBs in India will come down to 12 from 27 two years ago.
