New Delhi: Once again a big change is going to expected to happen in the banking sector of the country. The government is preparing to merge eight government banks into four big banks, so that the capacity, capital and competitiveness of public sector banks can be strengthened globally. This proposal came into discussion following the recommendation of NITI Aayog (NITI Aayog) which said that India needs “fewer but stronger” government banks, which can stand against private and foreign banks.

This scheme has increased uncertainty about the jobs, transfers and future of more than 2,29,800 employees. Amid the restructuring of branches and duplication of posts, the biggest concern is now visible among employees. Today lakhs of people have their careers in these eight government banks.

PSU

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