Overseas Operations: Current Affairs, GK & News - 2020-2021

PSBs begin to rationalise 35 overseas operations

Published: March 3, 2018

The state-owned banks have started rationalising overseas operations by consolidating 35 operations and closing down non-viable branches as part of the clean and responsible banking initiative. The consolidation oncludes bank branches, remittance centres and representative offices. It will be without affecting international presence of PSBs in these countries. Moreover, 69 operations also have been identified ..