The Union Cabinet last month approved the merger of the three banks to create the country's third-largest lender after SBI and ICICI Bank. The amalgamation, the first-ever three-way consolidation of banks in India, would be effective from April 1, 2019.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://timesofindia.indiatimes.com/business/india-business/india-needs-fewer-and-mega-banks-jaitley/articleshow/68046795.cms
