Anchor banks, smaller peers prepare the ground for mega mergers3 min read . Updated: 02 Sep 2019, 01:29 PM IST
- Banks set to hold board meetings soon to consider their respective merger proposals
- Trade unions representing bank employees, however, criticised the move, calling for nationwide protests against the mergers
Mumbai: Following last Friday’s announcement on merging multiple, anchor banks, including Punjab National Bank, Union Bank of India, Canara Bank and Indian Bank, are preparing the ground for the upcoming exercise, beginning with board meetings to consider the proposal.
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