According to sources, the government has formulated its plan for the second round of merger of PSU banks. The government is considering two options for merging four small government banks. To facilitate the merger, changes are being prepared in the Banking Regulation Amendment Act. One option is to merge UCO Bank, Bank of Maharashtra, Punjab & Sind Bank, and Central Bank of India.
The second option involves merging with Union Bank of India, Canara Bank, or Indian Bank based on banking software compatibility. The government aims to make these changes in the Banking Regulation Amendment Act to facilitate the merger process. The functioning of UCO Bank, Punjab & Sind Bank, Bank of Maharashtra, and Central Bank has shown improvement in the past few years. This is a developing story. More updates will be provided soon. Join our whatsapp group to get updates. Click here to join our whatsapp news group.
kuch v. bank of India ka kuch nahi???