Monday, May 27, 2013

Merging PSBs won’t help

........The merits of consolidation in the banking space have been discussed often but attempts to merge banks have met with little success, partly because employee unions have resisted the idea. Perhaps the Reserve Bank of India (RBI) will give its perspective on the subject in a paper on that it plans to put out soon. There’s little doubt, however, that many of the smaller public sector banks have been stressed over the past year or so...............

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