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

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.

August 23, 2017 / 03:44 PM IST
Arun Jaitley

Arun Jaitley

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.
first published: Aug 23, 2017 03:41 pm
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