On the eve of August 30, 2019 when the abysmal GDP growth figure of 5% was announced, there was another press conference by the Finance Minister N Seetharaman. The press conference detailed on how some Public Sector Banks (PSB) would be merged with some other Public Sector Banks. While some called it a banking reform, the market perhaps did not seem convinced. Here is the story of unfolding of the Indian PSBs merger.
about 8 months ago