1. Centre denies ordering merger of nine banks into SBI, PNB and Bank of Baroda

Centre denies ordering merger of nine banks into SBI, PNB and Bank of Baroda

India

  • Fake gazette dated September 15 claimed the Centre had approved a merger of nine public sector banks.
  • It falsely said Indian Bank, Bank of Maharashtra and Central Bank of India would be merged into SBI.
  • It also claimed three banks would merge into PNB and another three into Bank of Baroda.
  • On September 16, PIB Fact Check said the document was fake and had not been issued by the Finance Ministry.

Source: moneycontrol.com

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