Govt may merge 4 banks to create India's second-largest bank
The government is reportedly planning to merge at least four state-run banks including IDBI Bank, Bank of Baroda, Central Bank of India, and Oriental Bank of Commerce. The merged entity would become India's second-largest bank after SBI, with combined assets of â¹16.58 trillion. The government is also planning to sell 51% stake in IDBI Bank for â¹9,000-10,000 crore, reports said.