https://www.taxtmi.com/news?id=21925 The government announced a major bank consolidation reducing public sector banks from twenty-seven to twelve by merging specified banks-United Bank of India and Oriental Bank of Commerce into Punjab National Bank; Syndicate Bank into Canara Bank; Allahabad Bank into Indian Bank; Andhra Bank and Corporation Bank into Union Bank of India-to concentrate lending capacity, create larger state-owned lenders and enhance scale and competitiveness. en-us Sat, 31 Aug 2019 09:28:26 +0530 Sat, 31 Aug 2019 09:28:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=21925 The government announced a major bank consolidation reducing public sector banks from twenty-seven to twelve by merging specified banks-United Bank of India and Oriental Bank of Commerce into Punjab National Bank; Syndicate Bank into Canara Bank; Allahabad Bank into Indian Bank; Andhra Bank and Corporation Bank into Union Bank of India-to concentrate lending capacity, create larger state-owned lenders and enhance scale and competitiveness. News - Sat, 31 Aug 2019 09:28:26 +0530 https://www.taxtmi.com/news?id=21925