Is it better for India to have bigger but fewer banks?

Description

There are reports that India will be going in for another round of consolidation in public sector banking. Reserve Bank of India (RBI) governor Urjit Patel recently noted at Columbia University that it is better for the country to have fewer but healthier banks. While the government is considering consolidation of public sector banks (PSBs), NITI Aayog, a policy think-tank that advises the Indian government, is reportedly working to formulate a roadmap and submit a report by the first week of July. Read more at: https://qz.com/india/1010063/consolidation-of-public-banks-is-it-better-for-india-to-have-bigger-but-fewer-banks/

Publication Date

20-6-2017

Publication Title

Quartz India

Publisher

Uzabase, Inc., Quartz Media, Inc.

Keywords

Financial management, Financial system, Banking, Public sector banks, PSBs, NITI Aayog

Source Link URL

https://qz.com/india/1010063/consolidation-of-public-banks-is-it-better-for-india-to-have-bigger-but-fewer-banks/

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