© Reuters. FILE Image: A fowl flies earlier the logo of Punjab Nationwide Financial institution set up on the facade of its business office in Mumbai
NEW DELHI (Reuters) – India’s Punjab Countrywide Bank could just take control of two-to-3 little condition-operate banking institutions, that could consist of Oriental Bank Of Commerce, Andhra Lender and Allahabad Bank, in accordance to two resources familiar with the problem.
PNB could start the process of getting management of the financial institutions in the next 3 months, in accordance to the resources, who declined to be named.
The Indian authorities is searching for to consolidate the nation’s debt-burdened condition banking sector.
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