Public Sector Bank Mergers: The Real News Is Elsewhere
A girl picks up colored powder during Holi celebrations in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

Public Sector Bank Mergers: The Real News Is Elsewhere

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With a stroke of the pen, as it were, the government has reduced the number of public sector banks from 21 to 12. Ten PSBs will be merged into four. The rationale for the mergers has not been artic...
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