Govt not looking at any other proposal for PSB merger

The government is not considering any other merger proposal in public sector banks at the moment as it would wait for completion of the amalgamation of Dena Bank and Vijaya Bank with Bank of Baroda, official sources said. The Union Cabinet last month approved the merger of these three banks to create the country's third-largest lender.The process of amalgamation is going on according to the schedule, the sources said. They added that the other proposal would be considered after the stabilisation of this three-way merger.