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Centre seeks RBI inputs for merger of public sector banks

Tuesday, December 18, 2018, 8:15 AM

Seeking to expedite the bank consolidation process, the government has sought inputs from the Reserve Bank of India (RBI) on certain regulatory aspects of the proposed amalgamation of state-run Bank of Baroda (BoB), Vijaya Bank and Dena Bank, a banking source told FE. Financial services secretary Rajiv Kumar had said the merger would help improve operational efficiency and customer services.

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