Zee Media Network
New Delhi: After asking State Bank of India (SBI) to merge its 5 associate banks, the government may ask three other public lenders namely UCO Bank, Bank of India and Indian Overseas Bank with financially sound banks, as per a report in the Economic Times.
The report further claims that the discussions regarding the restructure are still in the first stage and only after the banks come with a proposal the government will act as a facilitator.
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