Half a century after the nationalisation of banks , the centre govt has now announced a mega plan to merge 10 public sector banks in to four large entities . This will bring down the total number public Sector Banks in the country to 12 from 27 in 2017. Punjab National Bank, Oriental bank of commerce and United  Bank of India will merge to become the second largest bank after SBI. Canara Bank and Syndicate Bank merger will create 5th largest lender of the country and the merger of Union Bank, Andhra Bank and Corporation Bank will create 6 largest Bank. Announcing this merger plan Finance Minister said this will help in consolidating strong national presence and global reach of these banks. This was followed by 55000 crore rupees recapitalisation plan for the merged entities and 6 other banks enabling them to enhance their lending capacity. So what are the salient features of this Big Bank Merger plan and how will it help the banking sector and the economy ?