Government not considering PSU bank merger: MoS Finance

The government is currently not considering any further mergers of public sector banks, according to Minister of State for Finance Pankaj Chaudhary. Chaudhary noted that previous reforms and mergers have strengthened the banks' financial conditions, improved their capital adequacy ratio, and reduced non-performing assets. The 2019 mergers consisting of several banks have led to enhanced synergies and technological integration.