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Public Sector Banks Pick 41 Overseas Branches for Rationalisation
January 29, 2018
As a part of their major reform process that was initiated in light of the highly increased bad loans, the public-sector banks in the country have identified 41 overseas units that will be analyzed for rationalization.
Under the “rationalization” process, the lenders will consider a variety of factors that can help bring the costs down and improve their financial health. These include the elimination of non-core banking services and assets, reduction of the staff strength, shutting down of some offices, etc.
