Centre may merge Andhra Bank, PNB, OBC
Quoting an unnamed source, the DNA Money report, said that the government is looking at three public sector banks for the next set of merger.
By : DC Correspondent
Update: 2018-09-20 19:11 GMT
Hyderabad: Following the decision to merge Bank of Baroda and Vijaya Bank with Dena Bank, the government is looking at Andhra Bank as a potential option for merger, says a report.
Quoting an unnamed source, the DNA Money report, said that the government is looking at three public sector banks for the next set of merger.
“The government is analysing the merger of PNB, OBC and Andhra Bank, as it wants few large banks in the country,” the source said.
The government is reportedly holding talks with officials to examine the feasibility of such a merger and will likely announce the move before December 31.
The report added that all regulatory process for the merger of BoB, Vijaya Bank and Dena Bank will be completed by FY19.