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Indian Bank (INBA.NS)

INBA.NS on National Stock Exchange of India

159.40INR
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UPDATE 2-India announces series of state-run bank mergers to strengthen lenders

* 10 state-owned lenders will be granted additional funds (Adds analyst comments, details on governance reforms)

India announces series of mergers of state-run banks

NEW DELHI, Aug 30 India announced a series of mergers involving 10 state-owned banks on Friday, as it moves to strengthen a sector struggling under a mountain of debt and ensure stronger balance sheets to boost lending and revive economic growth.

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