United Western Bank to be merged with IDBI

f/120906_01.pdf">draft scheme of amalgamation of United Western Bank (UWB) with Industrial Development Bank of India (IDBI).

According to a release on the website of the central bank, the draft scheme has been sent to both the banks.

"The Reserve Bank has invited suggestions and objections on the draft scheme from the members of public, including the banks' shareholders, depositors and creditors. Both the banks have been given two weeks