There is a growing consensus in favour of the move, but strengthening governance and widening the ambit of acceptable investor groups are critical to its success
Besides, sources said, banks may also look for divesting or selling their non-core business as part of fund raising exercise during 2020-21
The Nifty PSU Bank Index is much less tracked because it doesn't offer liquid F&O contracts
Vijaya Bank, Allahabad Bank, IDBI Bank, IOB, United Bank and Syndicate Bank were up 5% and 7%.
He will also review the performance of the lenders
Enthused by success of SBI merger, finance ministry is considering clearing another such proposal