Banks Merger

Banks Merger Will Not Result into Any Job Loss: Nirmala Sitharaman

According to Finance Minister Nirmala Sitharaman, Canara Bank and Syndicate Bank will be merged into one entity, while Union Bank of India, Andhra Bank and Corporation Bank will be amalgamated into a single entity. Similarly, Indian Bank and Allahabad Bank will become one entity. The Finance Minister further said that the Bank of India and Central Bank of India would remain independent.