Arun Jaitley to head panel for consolidation of PSBs

Finance Minister Arun Jaitley will head the alternative mechanism panel set up for consolidation among state-run ba. Financial services secretary Rajiv Kumar said, in a tweet, “Govt walks the talk on banking reforms; constitutes Alternative Mechanism for PSBs consolidation; Finance Minister to head.” In August, the cabinet had given its approval for an alternative mechanism, […]

Govt sets up Arun Jaitley led panel on PSU bank mergers

New Delhi: 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 […]