Is Proposal for Merger of PSU Banks Appropriate?
We come across various reforms made in banking industry very frequently and this time its something big to to made which will make the country's biggest state-run banks to create much stronger financial institutions. In the recent talks which is taking place in finance ministry over merger and acquisition of smaller public sector banks by their larger peers. The reason behind this debate is that there is significant overlap among various state-owned banks in terms of branches, mode of operation and clients. Consolidation…