RBI asks PNB to harmonise provisions for bad loans with OBC & UBI

In late August finance minister Nirmala Sitharaman announced the amalgamation of 10 public sector banks into four big banks. As part of this plan PNB is supposed to acquire OBC and UBI which would create the country’s second largest bank – both in terms of business and branch network.

from Banking/Finance-Industry-Economic Times https://ift.tt/39hzYjW