Govt sets up panel on PSB merg­ers

The Hindu Business Line - - BANKING - PTI

Mov­ing ahead with re­forms in the pub­lic sec­tor bank­ing space, the gov­ern­ment has con­sti­tuted a min­is­te­rial panel headed by Fi­nance Min­is­ter Arun Jait­ley that will over­see merger pro­pos­als of state-owned banks. The other mem­bers of the panel in­clude Rail­way and Coal Min­is­ter Piyush Goyal and De­fence Min­is­ter Nir­mala Sithara­man. “Govt walks the talk on bank­ing re­forms; con­sti­tutes Al­ter­na­tive Mech­a­nism for PSBs’ con­sol­i­da­tion; Fi­nance Min­is­ter to head,” Fi­nan­cial Ser­vices Sec­re­tary Ra­jiv Ku­mar said in a tweet.

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