Indias new wave of bank consolidation

By Shivanand Pandit The Indian government is reportedly preparing a major overhaul of the public sector banking landscape by merging smaller Public Sector Banks (PSBs) with larger ones, ultimately creating four strong, consolidated banks. Under the proposed plan, institutions such as Indian Overseas Bank, Bank of Maharashtra, Central Bank of India, and Bank of India [] The post Indias new wave of bank consolidation appeared first on Northlines .