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BANK CONSOLIDATION (Arguments in favour of Consolidation (Increase in…
BANK CONSOLIDATION
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Background
Narasimham committee of 1991 had recommended a restructuring of Indian banks with 3-4 large banks that could be positioned as global banks and 8-10 smaller ones with a national footprint
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In 2017, the government had approved the “merger” of SBI’s five associate banks and later of Bharatiya Mahila Bank (BMB) with SBI