sponsored links
With the merger of state-run banks, the government hopes to help stem the rise in bad loans in their books at a time when poor asset quality has crippled the lending ability of some of them. The merger will also allow the weak banks to sell assets, reduce overheads and shut money-losing branches.
The four state-run banks that are being proposed to be merged are under pressure with combined losses of Rs 21,646.38 crore in the year ended 31 March.
Source : Hindustan Times
sponsored links
0 Responses:
Post a Comment