Government of India is reportedly mulling on a merger of Bank of Baroda (NSEI:BANKBARODA), IDBI Bank Limited (NSEI:IDBI), Oriental Bank of Commerce (NSEI:ORIENTBANK) and Central Bank of India (NSEI:CENTRALBK). The Department of Financial Services, under the finance ministry, is also simultaneously considering a 51% stake sale in IDBI Bank to a strategic partner, for INR 90 billion to INR 100 billion, two people told Mint.
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- Government Reportedly Mulling On A Merger Of Bank Of Baroda, IDBI Bank, Oriental Bank And Central Bank