Government announces public sector bank consolidation: Check details here SUMMARY Finance Minister Nirmala Sitharaman on Friday announced consolidation of public sector banks after meeting PSU bank chiefs. The government will amalgamate 10 PSU banks into four entities.
By CNBC-TV18 Aug 30, 2019 5:15:25 PM IST (Published) https://beta.cnbctv18.com/photos/finance/finance-minister-nirmala-sitharaman-bank-consolidation-punjab-national-bank-pnb-oriental-bank-of-commerce-obc-united-bank-canara-bank-syndicate-bank-union-bank-of-india-corporation-bank-andhra-bank-in-4273631.htm Copied
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Consolidated business of PNB, OBC and United Bank is Rs 17,94,526 crore.
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Consolidated business of Canara Bank and Syndicate Bank is Rs 15,20,295 crore.
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Consolidated business of Union Bank, Andhra Bank and Corporation Bank is Rs 14,59,434 crore.
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Consolidated business of Indian Bank and Allahabad Bank is Rs 8,07,859 crore.
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An overview of how all the public sector banks will look like.
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