India's Big State Banks Plunge on Modi's Mega-Merger Plans
Pedestrians walk past an advertisement for Punjab National Bank (PNB) in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

India's Big State Banks Plunge on Modi's Mega-Merger Plans

(Bloomberg) -- Investors knocked down shares of India’s large state-run banks after the government unveiled its plan to merge several of the lenders, amid concerns that the integration process migh...
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