Zeti gives Dec. 31 as deadline for bank mergers

Bank Negara governor, Datuk Dr Zeti Akhtar Aziz said today that the December 31 deadline for bank mergers remained unchanged.

She said no banks had approached the central bank to ask for an extension on the deadline."There were no banks that have asked for an extension. therefore no extension has been given and we are working towards meeting the deadline," she told reporters.

Dr Zeti was commenting on market rumours that there could be an extension in the deadline for bank mergers, as with less