No proposal on merger or consolidation of banks before govt presently: MoS Finance

The government has stated that no proposals for merging or consolidating state-owned banks are currently being considered. Foreign Direct Investment limits for public and private sector banks remain at 20 percent and 74 percent respectively. Disinvestment of IDBI Bank will proceed as approved by the CCEA. Regional Rural Banks have shown improved financial health, posting significant profits.

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