BJP Nirmala Sitharaman

The government last month announced the merger of 10 public sector banks (PSBs) into four strong lenders with countrywide networks and global reach to boost credit and revive economic growth in the nation’s bid to become a five trillion dollar economy in the next five years.

On Tuesday, Sitharaman, at a press conference, had said: "The automobile and components industry has been affected by BS6 and the mindsets of millennial, who now prefer to have Ola and Uber rather than committing to buying an automobile."