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Merger of Nationalised banks

News and Press Release - Dated:- 20-7-2016 - The guiding principle for the consolidation process of banking in India was suggested by Narasimham Committee. According to which any initiative with respect to merger of public sector banks has to come from the Boards of the banks concerned, the extant legal framework, keeping in view the synergies and benefits of merger and their commercial judgment. Government s / Reserve Bank of India s role in the merger of banks would be that of a facilitator. T .....

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