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Cabinet Approves Merger Of 10 Public Sector Banks Into Four

The banks’ boards will now have to finalise the share swap ratio, Finance Minister Sitharaman said after the cabinet meeting.

Nikunj Ohri
Union Finance Minister Nirmala Sitharaman (Photo: PTI)

The Union Cabinet has approved the merger of 10 public sector banks into four, paving the way for the largest consolidation among the state-owned lenders.

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