What are the benefits of merger of banks in India?
Have a query about the banks merger done by the government? Searching for the reasons online? Check out this page for advice from experts.
Recently, Government of India has merged the associate banks of SBI with State Bank of India. Now, the Government has expressed its intention to merge most of the public sector banks into some 4 to 5 strong banks. But it does not talk about the merger of small banks in the private sector. It keeps on giving permission to new smaller banks in the private sector. In this context, what will be the benefits of merger of banks only in the public sector but not in the private sector?