....The proposal to give the Competition Commission of India (CCI) a veto power on bank mergers is ill-advised, for a very simple reason — they will be unnecessarily delayed. Bank mergers in India are never voluntary in the true sense of the term. And they have happened not because the virtues of consolidation have suddenly dawned on bank managements, or the boards suddenly decided to give shareholders a better deal. They have been shotgun weddings arranged at short notice with the banking regulator, Reserve Bank of India, playing matchmaker.......
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