Union Finance Minister Nirmala Sitharaman has reviewed the process of the proposed merger of some public sector banks from April 1. The banks concerned made a presentation of their preparedness to ensure a smooth transition and enhanced customer experience.
The Union cabinet had last week given a green signal to the merger of 10 public sector bank unto 4 entities. After the proposed merger, the number of public sector banks would be reduced to 10 from 17 at present.
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