Government may merge 27 PSU banks

The Banks Board Bureau (BBB), which will independently oversee consolidation.
It is not feasible to bring down the government’s share in state-owned banks below 51%, consolidation to create strong banks is the only survival option.
PSB hold more than two-thirds of assets in India’s banking industry. They hold about 85 percent of non-performing loans also.

The likely list of public sector bank with anchor bank ( with which other banks will get merged) is shown below.

1. State Bank of India ( Anchor Bank)

State Bank of Hyderabad
State Bank of Patiala
State Bank of Travancore
State Bank of Bikaner & Jaipur
State Bank of Mysore

2. Punjab National Bank (Anchor Bank)

Oriental Bank of Commerce
Allahabad Bank
Corporation Bank
Indian Bank

3. Canara Bank (Anchor Bank)

Syndicate Bank
Indian Overseas Bank
UCO Bank

4. Union Bank Of India (Anchor Bank)

IDBI Bank Ltd
Central Bank of India
Dena Bank

5. Bank of India (Anchor Bank)

Andhra Bank
Bank of Maharashtra
Vijaya Bank

6. Bank of Baroda (Anchor Bank)

United Bank of India
Punjab & Sind Bank
Bhartiya Mahila Bank

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