Round 2 of PSB merger: Punjab National Bank, Union Bank & Bank of India may get a call

The government is soon likely to invite select lenders for discussion on a second round of merger in public sector banks, according to a finance ministry official.

The lenders to be called may include Punjab National Bank(PNB), Union Bank of India and Bank of India (BoI).
“If the banks are not able to give options then the alternate mechanism (AM) group can make suggestions.”

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