Wed, Jun 22, 2016, 02:18 PM
Centre is mulling the merger of all national banks to allow just six to function. This is to put an end to defaulting on loans. Already five associated banks have started merging with State Bank of India (SBI). It is contemplating merging of the remaining 26 national banks. Andhra Bank, Bank of Maharashtra and Vijaya Bank are ready to be merged with Bank of India.