India’s $5 Trillion Economy Push Explained: Why Modi Govt Wants To Merge 12 Banks Into 4 Mega ‘World-Class’ Lending Giants
As India pushes toward the $5 trillion economic milestone, Union Finance Minister Nirmala Sitharaman has said that the country will need banks that are far bigger, stronger and capable of handling the financial demands of a rapidly expanding economy. She said the government has begun to merge public-sector banks to create institutions that can operate at a global level.
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