3 min read.Updated: 23 Aug 2017, 09:15 PM ISTAparna Iyer
With most public sector banks saddled with non performing assets (NPAs) in excess of their net worth, the PSU bank mergers will generate no shareholder value
The PSU Bank Nifty index moved up 2.1% on Wednesday on news that the Union Cabinet has moved another step towards the merger of some of the state-owned banks. Bank consolidation has been on the cards for a long time, but the latest move will give it a push.
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