Major Announcement on J&K Bank Merger Likely Soon

Source: WebDesk BTVI

A major development on J&K Bank merger is likely to be announced soon. Sources have told BTVI that the possible merger candidates include the State Bank of India (SBI) and one private sector bank. State owned bank may emerge as the preferred choice for merger of J&K Bank, they say. The Centre and state government have reports on massive corruption and misgovernance at J&K Bank and the merger will end politician, bureaucrat and employee nexus blighting the lender.

#BTVIExclusive Govt Sources: Major Announcement On @JandKBank Merger Likely Soon

Possible Merger Candidates Including #SBI & One Pvt Sector Bank

Ellaquai Dehati Bank May Also Be Considered For Merger In J&K Bank Transaction@AdityaRajKaulhttps://t.co/p1NGNEKN25 pic.twitter.com/DTEQ1Ad6B5

— BTVI Live (@BTVI) July 25, 2019

Major decision on J&K Bank merger soon. Talks underway with two banks – One PSU and another private bank. PSU is first preference of the Govt. Govt eager to revive the bank and cleanse corruption from the system. Political, Bureaucrat and Bank nexus to be completely broken.

— Aditya Raj Kaul (@AdityaRajKaul) July 24, 2019

(This story has not been edited by KASHMIR TODAY staff and is published from a syndicated feed.)