Government plans PSU banks merger strategy in Budget 2026
after close1 source ↓written by the desknot a recommendation
- to facilitate independent
- 51%
The upcoming Budget 2026 may unveil a significant strategy for consolidating public sector banks (PSBs). Reports suggest the government is considering merging smaller banks and gradually reducing its ownership to around 51% to facilitate independent capital raising. Currently, six banks, including Indian Overseas Bank and Bank of Maharashtra, remain unmerged, presenting potential market shifts.
Not investment advice. For informational purposes only.