STATE RUN BANKS STAND MERGED EFFECTIVE APRIL 1, 2020
By INSOL India Editorial Posted On : April 21, 2020
Ten state run banks into four lenders have become effective from April 1, 2020. All branches of the merging banks will operate as of the banks in which they have been amalgamated and merged effective the above date. The merger, according to RBI, does not affect any of its customers and would only be a name change so far as the consumers and customers are concerned.