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After merger of 5 associates with SBI, Govt keen to consolidate more PSBs
May 02, 2017
- Fresh from the successful merger of five associates with SBI, the government is looking to consolidate more public banks going forward, with an aim to create only a few lenders of global size and scale.
- The finance ministry, according to an official, ‘will soon undertake a broad study on further consolidation and look at various options for the merger among the remaining 21 public sector banks’.
- There are factors like regional balance, geographical reach, financial burden and smooth human resource transition that have to be looked into while taking a merger decision, the official said, adding that there should not be the merger of a very weak bank with a strong bank ‘as it could pull the latter down’.
