17 Nov 2025 | 3 Mins Read
PSU bank stocks surge up to 4% on merger reports
Flipitmoney
Shares of PSU banks rose 4% due to news of a future merger strategy. The finance ministry is drafting a plan with a possible April or May announcement. 2-3 merger phases are planned, reducing 12 existing PSU banks to 6-7 larger nationalized banks, potentially starting with 1-2 smaller bank mergers into SBI or PNB.