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PSU Bank Mergers | The more things change…

The timing of the merger is questionable. Bank management bandwidth will be occupied by the merger instead of pushing through loans with proper due diligence

August 30, 2019 / 11:01 PM IST
PSU Bank Mergers | The more things change…

An hour before India’s economic growth for the June quarter was announced, the finance minister announced the consolidation of 10 state-owned banks into four. The merger of these banks comes at a time when the government is trying to revive animal spirits and stoke demand by encouraging a borrowing spree. The measures announced last week on August 23, especially those pertaining to the financial sector, also showed consistency in that thinking. With the RBI terming this a broad-based cyclical slowdown,...

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