RTI: Over 3,400 branches of 26 PSBs closed or merged in last 5 years

Over 3,400 branches of 26 public sector banks (PSBs) have been either closed or merged during the last five financial years due to merger under the consolidation exercise in the banking space, revealed an RTI query. Of this, 75 per cent of the affected branches belong to the country’s biggest lender State Bank of India (SBI). Continue Reading

Maha bankbandhan of Bank of Baroda, Dena & Vijaya banks will be complete in 2 years

State-owned Bank of Baroda (BoB), which has become the country’s second-largest bank by merging Vijaya Bank and Dena Bank, is likely to complete the entire process of the merger in two years. Continue Reading