Question : AMALGAMATION OF BANKS



(a) whether the Government has received any proposal for amalgamation of the Public Sector Banks (PSBs) in the country including merger of all associate banks;

(b) if so, the details thereof;

(c) whether the Government consulted all Stakeholders including bank unions / representatives of the associate banks which have opposed such a move in this regard;

(d) if so, the details thereof along with the steps taken / being taken to protect the interests of the employees of the subsidiary banks; and

(e) the time by which a final decision is likely to be taken by the Government in this regard?

Answer given by the minister


The Minister of State in the Ministry of Finance (SMT. NIRMALA SITHARAMAN)

(a)to (e): No such proposal has been received by the Government.

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