PSU -Bank Mergers Likely Pattern- Livemint Link

A TV channel even explained graphically the new banking structure. It seems that Oriental Bank of Commerce, Allahabad Bank, Corporation Bank and Indian Bank will be merged with Punjab National Bank; Union Bank will absorb IDBI Bank Ltd, Central Bank and Dena Bank; Syndicate Bank, Indian Overseas Bank and Uco Bank will be merged with Canara Bank; and Bank of India will grow by merging Andhra Bank, Bank of Maharashtra and Vijaya Bank with itself. The list does not mention Bank of Baroda playing any role in the new structure even as some reports suggest that the government wants the large banks themselves to explore the idea and it is up to them how they want to go about it. Finally, media reports also say that the government think tank NITI Aayog and a few other global consulting firms are examining the possibility of consolidation of these banks and the NITI Aayog will set the road map for this exercise.

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