Biggest Revolution Ever In Indian Banking History

Published : Jun 22, 2016 07:58 am

Government is getting ready to merge the banks again in India. This time totally 26 banks are going to merged up and created 6 mega banks. As per new proposal SBI, Punjab national bank, Canara bank, United bank of India , Bank of Baroda and bank of India as going to merged.

Proposals :
* Canara bank , IOB , UCO Bank will merge in Syndicate bank
* CBI , Dena banks will merge in United bank of India 
* Andhra bank , bank of Maharashtra , Vijaya bank are going to merge in Bank of India. 

Bank of India told that it's a biggest merger ever in Indian banking history. Because of Non performing assets bank mergers are not a good proposal. As of now this proposal is at initial stages and hope government and RBI will take good decisions.