Government Halts Public Sector Bank Merger Plans, Pankaj Chaudhary Clarifies in Lok Sabha
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CNBC Awaaz•03/12/2025
Government Halts Public Sector Bank Merger Plans, Pankaj Chaudhary Clarifies in Lok Sabha
- •The government has no current plans for merging or consolidating public sector banks, as clarified by Minister of State for Finance Pankaj Chaudhary in Parliament.
- •The FDI limit in public sector banks is 20%, while in private banks it is 74%, according to current guidelines.
- •The disinvestment process for IDBI Bank will proceed as per the 2021 approval, with a proposed sale of 60.72% stake.
- •Regional Rural Banks (RRBs) have shown significant financial improvement, achieving record net profits in recent financial years.
Why it matters: These decisions shape the future stability and growth of India's banking sector.
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