Merger of public sector banks on schedule, says Nirmala Sitharaman

"We are on the course on bank mergers... lot of core banking operations regarding the merger are currently going on"

Nirmala Sitharaman, Shaktikanta Das
Finance Minister Nirmala Sitharaman and RBI Governor Shaktikanta Das arrive for the RBI central board of directors in a customary post-budget meeting | Photo: PTI
IANS New Delhi
1 min read Last Updated : Feb 26 2020 | 8:00 PM IST

Finance Minister Nirmala Sitharaman on Wednesday said the merger of 10 PSU banks into 4 consolidated banks is very much on course and there is absolutely no uncertainty regarding this.

"We are on the course on bank mergers... lot of core banking operations regarding the merger are currently going on. There need not be any speculation. We are going as per schedule (of April 1, 2020). There are no uncertainties at all," she said after meeting heads of all PSU banks.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :Nirmala SitharamanFinance ministerpublic sector banksBank mergers

First Published: Feb 26 2020 | 6:36 PM IST

Next Story