homefinance NewsThis is the new pecking order of India’s public sector banks after government’s mega merger

This is the new pecking order of India’s public sector banks after government’s mega merger

The government announced a mega merger of public sector banks and massive cash infusion, saying these moves were required to strengthen India’s banking system.

By CNBC-TV18 Aug 30, 2019 6:21:43 PM IST (Updated)


The government announced a mega merger of public sector banks and massive cash infusion, saying these moves were required to strengthen India’s banking system.
With 10 public sector lenders merged into four, India’s public sector banking landscape has undergone a radical change.
In terms of business size, this is how the new pecking order of banks in India will be: