Merger of public sector banks on schedule, says Nirmala Sitharaman

But in a meeting with the brass, Sitharaman didn't discuss the merger process,said a banker

Finance Minister Nirmala Sitharaman on Wednesday reiterated that the consolidation of 10 state-owned banks is on course and will take place according to the schedule set by the government.

Her comments come even as the Union Cabinet didn’t take up an important notification, supposed to be issued by the finance ministry, to take the process of the bank merger forward.

“There are no uncertainties about bank mergers. I am also conscious about the extra work related to core banking… I have asked bankers to do (it). But on merger, we are going as per the schedule. There are no uncertainties