For the first half of 2019-20 fiscal, GDP growth slowed to a pace of 4.8 per cent compared to the 7.5 per cent a year back.

Breather for public sector banks post-amalgamation.

Banks disbursed Rs 2.52 lakh crore of loans in October and Rs 2.39 lakh crore in November.

Banks will have to take a call and then come to the regulator with a road map on what they want to do: official.

The centre has infused Rs 2 lakh crore as capital into various banks during the past three years.

AIBEA says banks waste a huge sum on this.

Nobel laureate Abhijit Banerjee said that there was a need to bring down government stake to below 50 per cent in PSBs.

Four unions of bank officers had threatened to go on a two-day strike from September 26 to protest against merger.

The finance ministry will also discuss ways in which PSBs can offer doorstep banking facility.

Last week, the government announced consolidation of 10 public sector banks into four mega state-owned lenders.