Finance minister, Nirmala Sitharaman announced the consolidation of 10 public sector banks into four mega state-owned ones. If you are a customer of one or more of the banks being merged, the mergers can have a few significant implications for you. ET Online lists out some of them.
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Watch PSU Bank mergers: How much does the customer gets affected With HD Quality.
Finance minister, Nirmala Sitharaman announced the consolidation of 10 public sector banks into four mega state-owned ones. If you are a customer of one or more of the banks being merged, the mergers can have a few significant implications for you. ET Online lists out some of them.
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Watch PSU Bank mergers: How much does the customer gets affected With HD Quality
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In another round of boosters for the economy, Finance Minister Niramala Sitharaman today announced amalgamation of 10 public sector banks into four big banks. After this the total number of Public Sector Banks in the country will come down to 12 from 27 banks in 2017. Apart from this the government announced Rs 55,250 crore upfront capital infusion in the PSBs.
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Watch FM Nirmala Sitharaman unveils four major bank mergers to consolidate 10 PSU lenders With HD Quality
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Vijay Mallya has attacked public sector banks once again. “So much so for branding me a thief who stole PSU Bank money and ran away. Banks have made a substantial recovery in the past and also today. All included in my settlement proposal too. Damned if you do and Damned if you don’t is how I am treated,” he tweeted.
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