FM Nirmala Sitharaman assures not a single job will be lost due to merger of banks

Finance Minister Nirmala Sitharaman has categorically said the proposed merger of banks would not lead to any job losses. Talking to reporters in Chennai today, she said not even a single employee would be removed following the amalgamation. She dismissed reports of job loss due to the merger, saying it is absolutely ill-informed. Nirmala Sitharaman on Friday unveiled a mega plan to merge ten public sector banks into four. It is aimed at creating stronger lenders of global scale. However, some o...