According to sources, the government has formulated its plan for the second round of merger of PSU banks. The government is considering two options for merging four small government banks. To facilitate the merger, changes are being prepared in the Banking Regulation Amendment Act. One option is to merge UCO Bank, Bank of Maharashtra, Punjab & Sind Bank, and Central Bank of India.
The second option involves merging with Union Bank of India, Punjab national bank,Canara Bank, or Indian Bank based on banking software compatibility. The government aims to make these changes in the Banking Regulation Amendment Act to facilitate the merger process. The functioning of UCO Bank, Punjab & Sind Bank, Bank of Maharashtra, and Central Bank has shown improvement in the past few years.From source Merger between PNB and Union bank is the best choice.Another option BOB AND central bank and Bank of India.
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*Merger is inevitable, The merged identity must be of on fresh domestic and international priority ( A new NAME too )*
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