Big bank theory: Indian Bank and Corporation Bank may merge into OBC - The Financial
 

Big bank theory: Indian Bank and Corporation Bank may merge into OBC The Financial ExpressWith a heavy mandate to push reforms, the BJP-led government may soon kick-start the next phase of consolidation in the public-sector banking space with an amalgamation of three lenders Oriental Bank of Commerce (OBC), Indian Bank and Corporation Bank. Banking sources told FE that OBC has sought the finance ministry s approval to combine with Indian Bank and Corporation Bank. The ministry will consider OBC s proposal and take a view soon, one of the sources said. However, there is no formal announcement from the finance ministry on the matter yet. Another source said the government may infu...



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