Try GOLD - Free
Govt weighs merging Union Bank-BoI to create new No. 2 bank
Mint Bangalore
|October 29, 2025
ministry of finance didn't respond to queries emailed on 21 October.
-
The discussions are part of a decades-long process of banking reforms in India that were set rolling in 1991. The latest milestone in the chronology of such reforms was the amalgamation of associate banks into SBI in 2017, when it was signalled that the mega-merger would be followed by more such deals.
"Contrary to perceptions that the [earlier] plan had been shelved, the finance ministry is working on a fresh blueprint on bank consolidation. The aim is to strengthen public sector banks through scale and efficiency, not just size. So, parameters such as optimisation of operations and synergies are being stressed in any consolidation exercise," the second person said.
A third person confirmed the discussions and the names of the banks specifically being considered for mergers and those for privatization.
This story is from the October 29, 2025 edition of Mint Bangalore.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Bangalore
Mint Bangalore
An old pain returns to cloud Tata Power earnings outlook
An old issue at the Mundra thermal plant has resurfaced for Tata Power Co. Ltd to further cloud its earnings prospects.
1 mins
November 14, 2025
Mint Bangalore
AI’s next smart move might be scrapping the chatbot entirely
Conversational AI introduces too much risk and unpredictability
3 mins
November 14, 2025
Mint Bangalore
LG Electronics India Q2 profit falls 27%
LG Electronics India on Thursday reported a 27% fall in quarterly profit in its first results since listing, as consumers delayed purchases of electronics and home goods following recent tax cuts.
1 min
November 14, 2025
Mint Bangalore
The income survey won't answer the questions around inequality
The survey is welcome but the absence of past data means we won't know if inequality has reduced
3 mins
November 14, 2025
Mint Bangalore
Brokers struggle to meet Sebi deadline on retail algo trading
Stockbrokers are scrambling to meet a series of cascading regulatory deadlines to implement new algorithmic trading rules for retail investors, a landmark shift that promises to democratize sophisticated trading tools but has triggered technical and compliance hurdles.
2 mins
November 14, 2025
Mint Bangalore
SC reserves verdict on telco spectrum
The SC examines if licensed spectrum belongs to operators or government.
1 min
November 14, 2025
Mint Bangalore
Xi Jinping to skip G20 in South Africa
Chinese President Xi Jinping will not join the Group of 20 summit later this month, a move that will be a blow to host South Africa that's already facing a boycott from US President Donald Trump.
1 min
November 14, 2025
Mint Bangalore
Govt pulls QCOs on 14 polyester inputs
and integrated backwards. We welcome the decision of the government, and we will continue to stay competitive offering the best quality products to the downstream industry for domestic and value-added export market.”
2 mins
November 14, 2025
Mint Bangalore
Inside the pub behind 1,000 love stories
A 165-year-old tavern in Philadelphia is the US city's unlikeliest match-maker, proving in-person connections hold more power than dating apps
3 mins
November 14, 2025
Mint Bangalore
Tata Steel remains wary about its UK ops
Tata Steel Ltd ramped up India output and cut costs during the July-September period, lifting its financial performance, but its UK unit remains a drag amid cheap imports despite an expensive restructuring, top company officials said.
2 mins
November 14, 2025
Listen
Translate
Change font size