PM Modi has done a lockdown of 21 days across the country to prevent corona. Meanwhile, the government has decided to continue the essential services. Bank is also included in these essential services. Banks are continuously opening, but in April, banks will be closed for the entire 14 days. These 14 holidays also include holidays in different states. So if you have any work related to the bank, then complete it in time.
For your information, let us tell you that after the merger of ten banks from April 1, it has changed into four banks. With this, the number of public sector banks in India has come down from 27 in 2017 to 12. 55,250 crores will be given to these banks. Oriental Bank of Commerce and United Bank of India will merge with Punjab National Bank. After the merger of Canara Bank with Syndicate Bank, it will become the second largest bank in the country with a business of Rs 17.95 lakh crore and 11,437 branches.
Regarding the merger, the Finance Ministry said on Wednesday that with the biggest merger of the public sector so far, a new era has started in India's banking sector. The Finance Ministry has tweeted, "The merger of public sector banks has started a new era in the Indian banking sector. Large and strong public sector banks can process loans faster. Apart from this, you can offer loan products keeping in mind your customers.