Cabinet Approves Consolidation in Public Sector Banks

The Union Cabinet, chaired by the Prime Minister, Shri Narendra Modi has approved the mega consolidation of ten PSBs into four which include the –
(a)  Amalgamation of Oriental Bank of Commerce and United Bank of India into Punjab National Bank
(b)  Amalgamation of Syndicate Bank into Canara Bank
(c)  Amalgamation of Andhra Bank and Corporation Bank into Union Bank of India
(d)  Amalgamation of Allahabad Bank into Indian Bank

The amalgamation would be effective from 1.4.2020 and would result in creation of seven large PSBs with scale and national reach with each amalgamated entity having a business of over Rupees Eight lakh crore. The Mega consolidation would help create banks with scale comparable to global banks and capable of competing effectively in India and globally. Greater scale and synergy through consolidation would lead to cost benefits which should enable the PSBs enhance their competitiveness and positively impact the Indian banking system.

In addition, consolidation would also provide impetus to amalgamated entities by increasing their ability to support larger ticket-size lending and have competitive operations by virtue of greater financial capacity. The adoption of best practices across amalgamating entities would enable the banks improve their cost efficiency and risk management, and also boost the goal of financial inclusion through wider reach.

Further, with the adoption of technologies across the amalgamating banks, access to a wider talent pool, and a larger database, PSBs would be in a position to gain competitive advantage by leveraging analytics in a rapidly digitalising banking landscape.

Source: Press Release

1,255 thoughts on “Cabinet Approves Consolidation in Public Sector Banks

  1. Its like you read my mind! You appear to know so much about this, like you wrote the book in it or something. I think that you could do with some pics to drive the message home a little bit, but other than that, this is fantastic blog. An excellent read. I will definitely be back.

  2. Greate pieces. Keep posting such kind of information on your page.
    Im really impressed by your blog.
    Hey there, You have performed a great job. I’ll certainly digg
    it and in my view suggest to my friends. I’m sure they’ll be benefited
    from this web site.

  3. I absolutely love your blog and find the majority of your post’s to be precisely what I’m looking for.
    can you offer guest writers to write content available for you?
    I wouldn’t mind publishing a post or elaborating on a lot of the subjects you write in relation to here.
    Again, awesome web site!

  4. I wanted to thank you for this excellent read!! I certainly
    loved every little bit of it. I have you saved as
    a favorite to check out new stuff you post…

  5. Hey there! I could have sworn I’ve been to this website before but after browsing through some of the post I realized it’s new to me.
    Anyways, I’m definitely glad I found it and I’ll be bookmarking
    and checking back frequently!

  6. hello!,I like your writing very so much! proportion we be in contact extra approximately your article on AOL? I need a specialist in this area to solve my problem. Maybe that’s you! Taking a look ahead to look you.

  7. Good day! I could have sworn I’ve visited your blog before but after looking at some of the articles
    I realized it’s new to me. Anyways, I’m definitely happy I found it
    and I’ll be bookmarking it and checking back often!

  8. I think this is one of the most vital info for me. And i’m glad reading your article. But want to remark on few general things, The site style is wonderful, the articles is really excellent : D. Good job, cheers

  9. Undeniably consider that which you said. Your favorite justification appeared to be at the internet the easiest factor to keep in mind of.
    I say to you, I certainly get annoyed at the same time as people consider worries that they just don’t
    recognize about. You controlled to hit the nail
    upon the highest and also outlined out the entire thing with no need
    side-effects , other folks can take a signal. Will probably be again to get more.
    Thank you

  10. It’s a shame you don’t have a donate button! I’d most certainly donate to
    this excellent blog! I suppose for now i’ll settle for
    book-marking and adding your RSS feed to my Google account.
    I look forward to fresh updates and will talk about this site
    with my Facebook group. Talk soon!

  11. Hey There. I found your blog using msn. This is an extremely well
    written article. I’ll be sure to bookmark it and come back to read more of your
    useful information. Thanks for the post. I will certainly comeback.

  12. I was more than happy to seek out this internet-site.I wished to thanks on your time for this excellent learn!! I undoubtedly enjoying each little little bit of it and I have you bookmarked to take a look at new stuff you weblog post.

  13. You’re so cool! I don’t suppose I’ve truly read
    a single thing like that before. So good to find somebody with original thoughts on this subject matter.

    Really.. thanks for starting this up. This web site is one thing
    that is needed on the internet, someone with some originality!

  14. That is really attention-grabbing, You’re an overly skilled blogger.
    I’ve joined your rss feed and look forward to in the hunt for extra of
    your wonderful post. Additionally, I’ve shared your web site in my social networks

  15. Thanks for some other informative site. The place else could I am getting that kind of information written in such an ideal manner? I’ve a mission that I am just now running on, and I have been at the look out for such info.

  16. Wow! This can be one particular of the most helpful blogs We have ever arrive across on this subject. Basically Excellent. I’m also an expert in this topic therefore I can understand your hard work.

  17. Fantastic blog! Do you have any tips and hints for aspiring writers? I’m planning to start my own website soon but I’m a little lost on everything. Would you suggest starting with a free platform like WordPress or go for a paid option? There are so many choices out there that I’m totally overwhelmed .. Any suggestions? Many thanks!

  18. Just wish to say your article is as astonishing. The clarity on your put up is simply great and i could suppose you’re knowledgeable on this subject. Well together with your permission allow me to grab your RSS feed to keep updated with drawing close post. Thanks 1,000,000 and please carry on the enjoyable work.

  19. Superb blog you have here but I was curious if you knew of any community forums that cover the same topics discussed here? I’d really love to be a part of online community where I can get feedback from other knowledgeable people that share the same interest. If you have any suggestions, please let me know. Kudos!

  20. hello!,I love your writing very much! proportion we communicate more about
    your article on AOL? I need a specialist on this house to unravel my problem.
    May be that’s you! Having a look forward to peer you.

  21. Ꮃhen someone writes an paragraph he/shekeeps thee ρlan of a user in his/һer brain that how a user can be aware ofit. Thus that’s why tis pɑragraph іs perfect. Τһanks!

  22. Pretty great post. I just stumbled upon your blog and wanted to mention that I’ve reallyenjoyed browsing your blog posts. In any case I will be subscribing to your rss feed and I am hopingyou write once more very soon!

  23. Aw, this was a really nice post. Taking a few minutes and actual effort to make a very good article… but what can I say… I procrastinate a lot and never manage to get nearly anything done.

  24. This design is spectacular! You certainly know how to keep a
    reader amused. Between your wit and your videos, I was almost moved
    to start my own blog (well, almost…HaHa!) Great job. I really loved what you had to say, and more than that, how you
    presented it. Too cool!

  25. Excellent way of describing, and good piece of writing to obtain data on the topic of my presentation subject, which i am going to deliver in university.

  26. Excellent post. I was checking continuously this blogand I’m impressed! Extremely helpful information particularly the last part 🙂 I carefor such information a lot. I was seeking this certain infofor a very long time. Thank you and good luck.

  27. Good day! Would you mind if I share your blog with my myspace group?There’s a lot of folks that I think would really enjoy your content.Please let me know. Many thanksHere is my blog post; Wild Lean Keto Boost Reviews

  28. Hey! I could have sworn I’ve been to this blogbefore but after checking through some of the post I realized it’s new to me.Anyhow, I’m definitely happy I found it and I’ll be book-marking and checking back often!

  29. Thank you for some other great article. Where else could anyone get that type of information in such an ideal means of writing? I have a presentation next week, and I am on the look for such information.

  30. I blog quite often and I truly thank you for your content. Your article has really peaked my interest. I’m going to take a note of your site and keep checking for new information about once a week. I subscribed to your RSS feed as well.

  31. Doğunun parisi malatya da eskort bulmak artık çok kolay ve keyifli. malatyaescort44.com ile tüm ilçe semt ve köylerde orospu bulabilirsiniz.

  32. Thank you, I have recently been searching for info approximately this subject for a while and yours is the best I’ve came upon so far. However, what concerning the conclusion? Are you certain concerning the source?

  33. Great post. I was checking constantly this blog and I am impressed! Very helpful information specially the last part 🙂 I care for such information a lot. I was looking for this particular information for a long time. Thank you and best of luck.

  34. Great post. I was checking continuously this blog and I’m impressed!Extremely helpful information specially the last part 🙂 I care for such information a lot.I was looking for this particular info for a long time.Thank you and good luck.

  35. Having read this I believed it was very enlightening. I appreciate you taking the time and effort to put this informative article together. I once again find myself personally spending a significant amount of time both reading and posting comments. But so what, it was still worth it.

  36. It’s actually a great and useful piece of information. I’m glad that you just shared this useful information with us.Please stay us informed like this. Thank you for sharing.

  37. พนันบอลอย่างไรให้ได้เงิน แทงบอลชนะเช่นไรผิดฉ้อโกง UFABET จ่ายจริงจ่ายไม่ยั้งระบบเข้าใจง่าย แค่เพียงคลิกสมัครก็ทำเงินได้ไม่ยากกับคาสิโนออนไลน์ สบายสุดๆชีวิตชิวๆชีวิตคลูๆทำเงิน สร้างผลกำไรสบายๆต้องที่ UFABET

  38. You’ve made some really good points there. I checked on the internet to find out more about the issue and found most people will go along with your views on this web site.

  39. After I initially commented I seem to have clicked on the -Notify me when new comments are added- checkbox and now whenever a comment is added I get 4 emails with the same comment. Perhaps there is a way you are able to remove me from that service? Cheers.

  40. I’m impressed, I have to admit. Seldom do I come across a blog that’s equally educative and interesting, and let me tell you, you’ve hit the nail on the head. The problem is something that too few people are speaking intelligently about. I am very happy that I came across this in my hunt for something relating to this.

  41. Hi my family member! I wish to say that this article is amazing,
    great written and come with almost all important infos.
    I would like to peer extra posts like this .

  42. Hey there! I simply want to offer you a huge thumbs up for the great
    info you’ve got here on this post. I’ll be returning to
    your blog for more soon.

  43. I’m amazed, I have to admit. Seldom do I encounter a blog that’s both educative and engaging, and without a doubt, you have hit the nail on the head. The problem is an issue that not enough folks are speaking intelligently about. I’m very happy I found this during my hunt for something regarding this.

  44. An intriguing discussion is worth comment. I do believe that you need to write more about this subject matter, it may not be a taboo matter but typically folks don’t speak about such subjects. To the next! Cheers!!

  45. Thanks for sharing your thoughts. I really appreciate your efforts and I am waiting for your further write ups thank you once again.

  46. I’m impressed, I must say. Seldom do I come across a blog that’s both equally educative and interesting, and without a doubt, you’ve hit the nail on the head. The problem is something which not enough men and women are speaking intelligently about. Now i’m very happy I stumbled across this in my hunt for something relating to this.

  47. Thank you for the auspicious writeup. It in fact was a enjoyment account it.
    Look complex to more introduced agreeable from you!

    However, how could we keep up a correspondence?

  48. I’m impressed, I must say. Rarely do I encounter a blog that’s both equally educative and interesting, and let me tell you, you’ve hit the nail on the head. The issue is something that too few folks are speaking intelligently about. I’m very happy I found this during my search for something relating to this.

  49. I was pretty pleased to discover this page. I want to to thank you for your time just for this fantastic read!! I definitely loved every little bit of it and I have you book-marked to look at new stuff on your blog.

  50. hello!,I like your writing so much! share we communicate more about your article on AOL? I need an expert on this area to solve my problem. Maybe that’s you! Looking forward to see you.

  51. I was extremely pleased to find this page. I want to to thank you for your time just for this wonderful read!! I definitely really liked every bit of it and I have you bookmarked to check out new things in your website.

  52. Somebody essentially assist to make seriously posts I might state.
    This is the first time I frequented your web page
    and to this point? I amazed with the research you made to create this particular put
    up amazing. Wonderful activity!

  53. Good post. I learn something new and challenging on sites I stumbleupon every day. It’s always exciting to read through articles from other writers and practice a little something from other websites.

  54. You can definitely see your enthusiasm within the work you write.The arena hopes for more passionate writerssuch as you who aren’t afraid to mention how they believe.At all times go after your heart.

  55. Heya i am for the primary time here. I came acrossthis board and I find It really helpful & it helped me out much.I hope to offer one thing back and aid others such asyou helped me.

  56. A motivating discussion is worth comment. There’s no doubt that that you ought to write more about this subject matter, it might not be a taboo subject but generally folks don’t speak about such subjects. To the next! Kind regards!

  57. I blog frequently and I seriously appreciate your content. This great article has truly peaked my interest. I’m going to book mark your blog and keep checking for new details about once a week. I subscribed to your RSS feed too.

  58. F*ckin’ awesome things here. I am very happy to look your article. Thank you so much and i am looking ahead to contact you. Will you kindly drop me a e-mail?

  59. I blog quite often and I genuinely thank you for your content. This article has really peaked my interest. I’m going to take a note of your website and keep checking for new information about once per week. I subscribed to your RSS feed too.

  60. I absolutely love your site.. Very nice colors & theme. Did you build this site yourself? Please reply back as I’m looking to create my own website and want to learn where you got this from or exactly what the theme is named. Thanks.

  61. I’d like to thank you for the efforts you’ve put in writing this website. I really hope to view the same high-grade content from you in the future as well. In truth, your creative writing abilities has encouraged me to get my own, personal website now 😉

  62. Usually I don’t read article on blogs, but I would like to say that this write-up very forced me to try and do it! Your writing style has been surprised me. Thanks, quite nice article.

  63. 💥บวกแล้วถอนได้เลย รับประกันทุกค่าย💥🏆เว็บตรง จ่ายจริง ไม่ล็อคยูส🏆💐บริการตลอด 24 ช.ม.สุดยอดเว็บ 2021💐💸แอดมินบริการตลอด 24 ชั่วโมง💸🔴โปรโมชั่นอื่นๆอีกเพียบ ‼️ 👇👇👇

  64. You are so interesting! I don’t believe I have read through anything like this before. So nice to find someone with unique thoughts on this topic. Seriously.. thanks for starting this up. This web site is one thing that is needed on the web, someone with some originality.

  65. Greetings! Very useful advice within this post! It is the little changes that produce the largest changes. Many thanks for sharing!

  66. I like the helpful info you provide in your articles. I’ll bookmark your blog and check again here frequently. I’m slightly certain I’ll be informed plenty of new stuff proper here! Good luck for the following!

  67. This is a very good tip especially to those fresh to the blogosphere. Short but very accurate information… Thanks for sharing this one. A must read post.

  68. Everything is very open with a clear description of the challenges. It was definitely informative. Your site is very helpful. Thank you for sharing!

  69. Usually I do not learn post on blogs, however I wish to say that this write-up very pressuredme to take a look at and do so! Your writing style has been amazed me.Thank you, quite nice post.

  70. Oh my goodness! Incredible article dude! Thank you, However I am experiencing troubles with your RSS. I don’t understand why I cannot subscribe to it. Is there anybody else getting similar RSS issues? Anybody who knows the solution will you kindly respond? Thanks!

  71. What’s Taking place i am new to this, I stumbled upon this I have discovered Itabsolutely useful and it has helped me out loads.I am hoping to give a contribution & help different users likeits aided me. Great job.

  72. Hi there, I do believe your web site could possibly be having web browser compatibility issues. When I take a look at your blog in Safari, it looks fine however, when opening in IE, it has some overlapping issues. I merely wanted to provide you with a quick heads up! Other than that, excellent website!

  73. Aw, this was a very good post. Taking the time and actual effort to produce a really good articleÖ but what can I sayÖ I hesitate a whole lot and never manage to get anything done.

  74. After looking over a number of the articles on your web page, I truly like your way of writing a blog. I book-marked it to my bookmark webpage list and will be checking back in the near future. Please check out my website as well and tell me your opinion.

  75. Have you ever heard of second life (sl for short). It is essentially a game where you can do anything you want. SL is literally my second life (pun intended lol). If you want to see more you can see these sl authors and blogs

  76. You have made some good points there. I looked on the net for more info about the issue and found most individuals will go along with your views on this website.

  77. Thanks for one’s marvelous posting! I truly enjoyed reading it,
    you will be a great author. I will make sure to bookmark your blog
    and will eventually come back someday. I want to encourage continue your great job, have a nice evening!

  78. I’m impressed, I must say. Seldom do I encounter a blog that’s both educative and engaging, and without a doubt, you’ve hit the nail on the head. The problem is an issue that too few men and women are speaking intelligently about. I’m very happy that I stumbled across this in my search for something relating to this.

  79. When I originally commented I clicked the “Notify me when new comments are added” checkbox and now eachtime a comment is added I get four emails with the same comment.Is there any way you can remove people from that service?Bless you!

  80. I do not even understand how I ended up right here, but I believed this put up was good.I don’t recognize who you are however definitely you are going to a well-known blogger for those who are not already.Cheers!

  81. Thank you, I have just been looking for information about this topic for a long time and yours is the best Ihave found out till now. However, what in regards to the bottom line?Are you sure in regards to the source?

  82. The next time I read a blog, I hope that it does not fail me as much as this one. After all, Yes, it was my choice to read, nonetheless I actually believed you’d have something helpful to say. All I hear is a bunch of whining about something that you could fix if you were not too busy looking for attention.

  83. Enjoyed looking through this, very good stuff, regards . «We swallow greedily any lie that flatters us, but we sip little by little at a truth we find bitter.» by Denis Diderot.

  84. I blog often and I really appreciate your content. This great article has truly peaked my interest. I am going to bookmark your site and keep checking for new details about once per week. I opted in for your Feed too.

  85. History flucloxacillin and alcohol is it ok DNP was originally launched as a slimming aid in 1933 but was banned five years later because of its side effects, which include nausea, cataracts, skin lesions and rapid or irregular heart beat.

  86. זוג מקועקעים מקיימים סקס לוהט תחילה היא מוצצת לו עמוק ולאחר מכן הוא מזיין אותה חזקשירותי ליווי במרכז

  87. Howdy! This post couldn’t be written any better! Going through this post reminds me of my previous roommate! He constantly kept talking about this. I will send this article to him. Pretty sure he will have a good read. Thanks for sharing!

  88. Great info and right to the point. I don’t know if this is in fact the best place to ask but do you folks have any ideea where to hire some professional writers? Thanks 🙂

  89. I’m amazed, I must say. Seldom do I encounter a blog that’s both equally educative and entertaining, and without a doubt, you have hit the nail on the head. The issue is something which not enough people are speaking intelligently about. I am very happy I found this in my hunt for something concerning this.

  90. Pretty section of content. I just stumbled upon your blog and in accession capital to assert that I get actually enjoyed account your blog posts. Any way I will be subscribing to your augment and even I achievement you access consistently fast.

  91. Good day! I could have sworn I’ve visited this site before but after browsing through a few of the articles I realized it’s new to me. Anyhow, I’m definitely pleased I found it and I’ll be book-marking it and checking back regularly.

  92. Oh my goodness! Awesome article dude! Thank you so much, However I am having difficulties with your RSS. I don’t understand why I cannot subscribe to it. Is there anybody else getting similar RSS problems? Anyone that knows the solution will you kindly respond? Thanx!

  93. Nice post. I learn something new and challenging on blogs I stumbleupon on a daily basis. It will always be interesting to read content from other authors and practice something from other websites.

  94. กระแสพนันออนไลน์ว่าแรงแล้ว ยังแรงไม่สู้โปรโมชั่นเด็ดๆที่ UFABET ขยันเอาใจสมาชิกมากครับผม แล้วก็ชื่นชอบผมซะด้วย ไม่ใช่แค่เรื่องโปรโมชั่นครับผม ผมชอบที่เค้ามีเกมให้เลือกมากมาย ทั้งยังแทงบอล บาคาร่า ยิงปลา สล็อต เกมใหม่ๆมีหมด

  95. I want to to thank you for this excellent read!! I certainly loved every little bit of it. I’ve got you bookmarked to look at new things you post…

  96. An interesting discussion is worth comment.
    I do think that you should write more about this topic, it
    may not be a taboo matter but usually folks don’t talk about these subjects.

    To the next! Many thanks!!

  97. I’m truly enjoying the design and layout of your blog.It’s a very easy on the eyes which makes it much more pleasant for me to come here andvisit more often. 바카라

  98. An impressive share! I’ve just forwarded this onto a colleague who had been doing a little homework on this. And he actually ordered me lunch due to the fact that I discovered it for him… lol. So let me reword this…. Thank YOU for the meal!! But yeah, thanks for spending the time to talk about this topic here on your website.

  99. Very well written information. It will be supportive to anybody who employess it, as well as myself. Keep up the good work – i will definitely read more posts.

  100. An outstanding share! I have just forwarded this onto a co-worker who had been doing a little homework on this. And he in fact bought me breakfast due to the fact that I found it for him… lol. So allow me to reword this…. Thanks for the meal!! But yeah, thanks for spending time to talk about this matter here on your web site.