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FM unveils merger of 10 govt banks to revive economic growth from 5-yr low
Finance Minister Nirmala Sitharaman, who had last week announced tax sops and measures for sectors such as auto, announced four new set of mergers — Punjab National Bank, Oriental Bank of Commerce and United Bank of India will combine to form the nation’s second-largest lender; Canara Bank and Syndicate Bank will merge; Union Bank of India will amalgamate with Andhra Bank and Corporation Bank; and Indian Bank will merge with Allahabad Bank.
India’s economic growth dips to 7-year low of 5% in April-June
PM Modi says 12,000 Ayush centres to be set up across India
100% FDI in insurance intermediaries notified
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