Centre Denies Ordering Merger of 9 Public Banks

Moneycontrol.com · business

Reports suggesting the Centre ordered the merger of nine public sector banks, including SBI, PNB, and Bank of Baroda, have been denied. The article does not provide specific details about the origin of these reports or the banks involved beyond those named. This clarification aims to address speculation circulating within the financial sector regarding potential consolidation of public sector banking entities.