Sources: HOS - government to announce merger of IDBI bank with - TopicsExpress

Sources: HOS - government to announce merger of IDBI bank with SBI tomorrow .2.5 shares of IDBI bank will get 1 share of SBI . The possible merger will be BoI - OBC and Panjab N Sindh Bank; BoB - IDBI, United Comm Bank; PNB - vijaya bank and dena bank SbI - all SbI associate canera - Cyndicate, Corp Bank, IOB; Cent BOI- BOM , Indian Bank, Alahabad Bank Govt is mulling compulsory Merger of small PSU banks into just 7 banks like SBI CBI Canara BOB BOI Union & PNB PM and FM will attend all india Bank conference at pune tomorrow and Saturday where more discussion will follow.

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