Yak Govt Planning To Merge Andhra Bank, Pnb & Obc

After deciding to merge Dena Bank, Vijaya Bank as well as Bank of Baroda (BoB), the Indian authorities is forthwith considering merging 3 to a greater extent than world sector banks past times the destination of the twelvemonth 2018. Those 3 world sector banks are Andhra Bank, Oriental Bank of Commerce (OBC) as well as Punjab National Bank (PNB). 

As utilization of it's efforts to build clean upwardly the Indian Banking system, final month, the govt has asked the to brand a listing of banks for mergers as well as ready a time-frame for banking concern consilodations. Based on RBI's recommendations, it has announced that it is going to merge 3 piece of job past times Indian state-owned banks, Bank of Baroda (BoB), Vijaya Bank as well as Dena Bank to brand a unmarried bank. The merged entity volition hold upwardly operational from 1st Apr 2019.

Reserve Bank of Bharat (RBI)

Punjab National Bank (PNB), Oriental Bank of Commerce (OBC) as well as Andhra Bank could hold upwardly adjacent inwards trouble for consolidation. The authorities is currently belongings discussions amongst banking concern officials as well as analysing the feasibility of their amalgamation. An proclamation inwards this regard volition hold upwardly released past times this twelvemonth end.

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