The debate on bank mergers is back on the table. The finance ministry is reportedly nudging public sector banks
(PSBs) to consider mergers to ensure a strong banking sector, driven,
perhaps, by the finance minister's preference for large banks. However, it would be naive to expect mergers to solve the woes of PSBs,
especially the most pressing issue of lack of capital to comply with the
higher capital requirements mandated under Basel III........
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