कोशिश गोल्ड - मुक्त

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.

यह कहानी Mint Bangalore के October 29, 2025 संस्करण से ली गई है।

हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।

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