Government : No consolidation of PSB

New Delhi Aug 4: A clarification was issued today.
The government on Friday has announced that there is no proposal for consolidation of public sector banks (PSBs) at present.

Santosh Kumar Gangwar Minister of State for Finance has said the above news in a written reply to Loksbaha. He has submitted a reply when a question was asked whether there was any proposal to consolidate or merge PSBs.

Recently the government has approved the merger proposal of
* State Bank of Bikaner and Jaipur (SBBJ).
*State Bank of Hyderabad (SBH).
* State Bank of Mysore (SBM).
* State Bank of Patiala (SBP).
* State Bank of Travancore (SBT).
* Bharatiya Mahila Bank.
with State Bank of India from April 1, 2017.

Minister has also replied that no employees in the state bank were laid off due to the merger.