Consolidation among state-run banks

Consolidation among state-run banks is set to a get big push after the results for the quarter to September are declared, with the finance ministry nudging large public sector banks to look at possible combinations in this regard. 


The ministry is expected to soon hold a meeting with all state-run banks to discuss issues related to their operations, their contribution to the economy and coordination with other arms of the government. 



The issue of consolidation will also be discussed at this meeting, a senior finance ministry official said, adding that any merger proposal will be evaluated on the parameters of pan-India presence, business and information technology integration. 

Courtesy: Economic Times