Tuesday, September 3, 2013

No national level merger of RRBs: Syndicate Bank chairman


Sudhirkumar Jain, chairman and managing director of Syndicate Bank, has ruled out the possibility of merging all regional rural banks sponsored by the Syndicate Bank at the national level. Putting an end to speculations that all of them would be merged, Jain said on Monday that as per the directions of the Finance Ministry, the sponsoring banks alone can merge the RRBs at the state level..........


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