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Discussion :: National - Latest Current Affairs (Q.No.1129)

1129. 

The scheme for the merger of 10 state-run banks into four lenders will come into force from which date?

[A]. April 1
[B]. April 30
[C]. April 25
[D]. March 31

Answer: Option A

Explanation:

The Reserve Bank of India (RBI) stated that the schemes for the merger of 10 state-run banks into four lenders will come into force from 1st April. RBI also stated that the branches of merging banks will operate as of the banks in which the banks have been amalgamated. The banks sought to defer the merger schemes of lenders due to the lockdown triggered by coronavirus outbreak.

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