New Delhi, May 17 (PTI) Financial Services Secretary Vivek Joshi on Friday said he cannot comment on the merger or privatisation of Public Sector Banks (PSBs) during the ongoing Lok Sabha polls.

Asked to clarify reports of the merger of PSBs, he said, "Elections are going on, it is not appropriate to comment on such issues."

Also Read | JEE Advanced 2024 Admit Card Out at jeeadv.ac.in: Hall Ticket for Joint Entrance Examination Advanced Exam Released, Know Steps To Download.

The government in the past had done consolidated of PSBs in two tranches.

The mega consolidation, which took effect from April 1, 2020, saw 10 PSBs consolidate into four --? Oriental Bank of Commerce and United Bank of India merged with Punjab National Bank; Syndicate Bank merged with Canara Bank; Andhra Bank and Corporation Bank merged with Union Bank of India; and Allahabad Bank with Indian Bank.

Also Read | Sikkim Day 2024 Date: Know the History and Significance of Sikkim Foundation Day That Marks the Formation of the 22nd State of India.

Prior to this mega consolidation, Vijaya Bank and Dena Bank had merged with Bank of Baroda with effect from April 1, 2019.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)