The government is working on a saudi arabia major consolidation plan that could reduce India’s public-sector banks from 12 to just four by FY27. SBI, PNB, Bank of Baroda, and a merged Canara–Union Bank structure are expected to emerge as the core entities.
Mid-sized lenders such as Indian Overseas Bank, Central Bank of India, Bank of India, and Bank of Maharashtra may be absorbed by larger banks. The proposal aims to strengthen balance sheets, improve efficiency, rationalise branch networks, and create globally competitive PSBs capable of punisher one last kill meeting India’s rising credit demand.
The blueprint will baftas 2026 go to the Finance Minister, followed by Cabinet, PMO and SEBI review before any final decision.
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