Mega PSU bank merger report: Bank of Baroda falls 4%, IDBI Bank down 2%; Central Bank, Oriental Bank flat

After most of the NPA-laden PSU banks posted record high losses for the fourth-quarter of the financial year 2017-2018, the government is planning to merge four state-owned banks, namely India's third-largest PSU bank by assets Bank of Baroda, Central Bank of India, IDBI Bank and Oriental Bank of Commerce.

from The Financial ExpressThe Financial Express https://ift.tt/2xFIuev
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