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Banks meet on Sep 4 to discuss merger; SBI and BoB to share expertise

Lenders to be merged into a single entity to also hold separate meetings to chalk out roadmap; April 1 seen as pragmatic deadline for amalgamation

Banks meet on Sep 4 to discuss merger; SBI and BoB to share expertise
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Namrata Acharya Kolkata
The chairman and managing directors (CMDs) of 10 public sector banks, which are on the government’s merger list, will meet on September 4 in Mumbai to discuss the plan.

The meeting, anchored by the ministry of finance, will also be attended by the representatives of State Bank of India and Bank of Baroda, which will share their experiences with mergers, two people familiar with the development confirmed.

In April this year, Vijaya Bank and Dena Bank got merged with Bank of Baroda. In 2017, State Bank of India merged with itself five of its associate banks -- State Bank of Bikaner and