Monday, February 25, 2013

India needs larger banks, consolidation: Parekh

..............“The need today is for more consolidation than the new banks, because what we require is large-scale banks,” he said. Asked if Indian banks need to match the size and scale of their international peers and consolidate their positions on global league tables, Parekh replied in affirmative and said: “We need scale for that and we would need consolidation to get the scale.”.........

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