The talk of bank consolidation first started in the early nineties when the Narasimham committee recommended that there should be three or four big banks, led by SBI, to create global-sized banks, followed by national banks with a countrywide presence and then local and rural banks. Public...

The Indian government on 30th August 2019 unveiled a plan to merge 10 public sector banks (PSBs) into four, reducing the number of state-owned banks from 18 to 12, in a bid to create “next-generation” financial institutions with stronger balance sheets and bigger risk appetite. Having done...