
Merges report of banks will be that 10 banks convert into 4
The number of public sector banks in India will be reduced to 12. Finance Minister Nirmala Sitharaman has made many important announcements to boost the country’s economy. It mentions the work done to prevent scams such as the profitability of government banks, loan recovery levels and Nirav Modi. Apart from this, Oriental Bank and United Bank will be merged with Punjab National Bank. With the merger of 6 out of…