15 Oct 2025 | 5 Mins Read
India plans to merge smaller banks with major lenders by FY27
Flipitmoney
The Indian government is planning a mega merger of smaller public sector banks (PSBs) with larger ones to create fewer, stronger entities. Proposed mergers include Indian Overseas Bank, Central Bank of India, Bank of India, and Bank of Maharashtra with Punjab National Bank, Bank of Baroda, and State Bank of India. The goal is to support credit expansion and financial reforms.