Finance Minister Nirmala Sitharaman to review bank merger preparedness

NEW DELHI: As the bank merger becomes effective April 1, Finance Minister Nirmala Sitharaman is scheduled to meet the chief executives of the amalgamating banks on Thursday to review the preparedness for the merger.

The Union cabinet already approved consolidation of 10 public sector banks into four, earlier in the month. The meeting would deal also on the readiness of anchor banks to minimize disruption to customers and ensuring credit flow to productive sectors of the economy. Sitharaman is likely to check the readiness and capacities of the amalgamating banks to handle and address customer queries and difficulties. The banks may also be asked to set up a common call centre with regional language support, so that customer issues are addressed and responded at the earliest. (IANS)

Also Read: Companies Act amendment will de-criminalize law says, FM Nirmala Sitharaman

Also Watch: CPRO of NFR, Suhanan Chand speaks about Corona Virus to The Sentinel, Watch the full video