Ensure credit not disrupted after bank merger, Finance Ministry tells PSBs

The FM met chief executives of public sector banks which are going to be merged from April 1

Finance Minister (FM) Nirmala Sitharaman on Thursday met chief executives of two sets of public sector banks (PSBs) which are going to be merged from April 1.
 
After the meeting, the finance ministry tweeted that the banks have been told to ensure credit is not disrupted because of the amalgamation process.
 
“Amalgamating PSBs made a presentation to Sitharaman on their preparedness… to ensure no disruption to credit and enhanced customer experience,” said a statement by the Department of Financial services.
 
The FM met chief executives of Punjab National Bank (PNB), United Bank of India and Oriental Bank