PSU banks prepare for new merger wave in sector overhaul

1 Dec 2025 · 07:03 ISTpre-market1 source ↓written by the desknot a recommendation

India’s banking sector is set for a major transformation as the government considers merging six Public Sector Banks (PSBs) to enhance efficiency and competitiveness. The banks under review include Indian Overseas Bank, Bank of India, and UCO Bank. This consolidation aims to strengthen capital and improve lending capacity, especially for infrastructure and MSME sectors. 📈

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Sourcesnews.google.com

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PSU banks prepare for new merger wave in sector overhaul

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