Economic Slowdown: Finance Minister Nirmala Sitharaman to Announce Major Decisions Tomorrow to Revive GDP
On August 29, Sitharaman had announced a spree of bank mergers, converting 10 major public sector banks into four new entities. The larger banks, into which the smaller ones have been amalgamated are: Punjab National Bank (PNB), Oriental Bank of Commerce (OBC), Canara Bank, Union Bank of India (UBI) and Allahabad Bank.