Parliament Question: Roadmap for merger of Public Sector Banks

GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF FINANCIAL SERVICES RAJYA SABHA UNSTARRED QUESTION NO. 3595 ANSWERED ON TUESDAY, MARCH 24, 2026/ 3 CHAITRA, 1948 (SAKA) ROADMAP FOR MERGER OF PUBLIC SECTOR BANKS 3595 SHRI VIVEK K. TANKHA

Will the Minister of FINANCE be pleased to state:

(a) whether Government is aiming for next phase of bank merger, if so the details of the roadmap of banks merger for the coming financial years;

(b) the basis of decision to merge banks and steps taken to protect depositors interest and service delivery; and

(c) the steps being taken by the Ministry to protect the interests of bank employees? ANSWER THE MINISTER OF STATE FOR FINANCE (SHRI PANKAJ CHAUDHARY)

(a) to (c): Presently, there is no proposal under consideration of the Government on merger or consolidation of Public Sector Banks. *****