Ministers’ panel to be set up to oversee state bank consolidation: Jaitley
Wed Aug 23 2017
Rajesh Sharma (2003 articles)

Ministers’ panel to be set up to oversee state bank consolidation: Jaitley

NEW DELHI (Reuters) – India’s central cabinet has approved a mechanism to oversee consolidation in the state-run banking sector, Finance Minister Arun Jaitley said on Wednesday.

Jaitley said a ministerial panel will be set up to supervise merger proposals from banks’ boards, adding that the objective of the planned consolidation was to create strong banks.

 

Rajesh Sharma

Rajesh Sharma

Rajesh Sharma is Correspondent for Stock Market of South East Asia based in Mumbai. He has been covering Asian markets for more than 5 years.

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