Advertisement

Watch: Nirmala Sitharaman announces the big bang bank mergers

In major reforms in the banking sector, Finance Minister Nirmala Sitharaman today merged 10 public sector banks (PSBs) into four entities. In the first set of merger, Punjab National Bank, Oriental Bank of Commerce and United Bank of India were merged into one bank. This merger will form the second-largest PSU bank with a business of 17.95 lakh crore.

Read More

VIDEOS FROM OTHER SECTIONS

LATEST VIDEOS

advertisement

Video: Vijay swears in as Tamil Nadu CM amid roars, chants of frenzied crowd

TVK leader C Joseph Vijay on Sunday took oath as the Chief Minister of Tamil Nadu amid a sea of supporters, his friends and family, and several political leaders. Eight other TVK leaders were sworn in besides him, as ministers in the new government. Congress leader Rahul Gandhi also attended the ceremony. The TVK managed to secure the Governor's nod to form the government after the Congress, the CPI, the CPI(M), the VCK, and IUML extended their support to the Vijay-led party for a colaition government.