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Enthused by the success of the SBI merger, the Finance Ministry is considering clearing another such proposal in the public sector banking space by this fiscal end with a goal to create four to five global-sized lenders.
“Consolidation is a must...but decision in this regard would be based on commercially prudent parameters. If the NPA situation gets better, there could be one more merger towards the end of this fiscal,” a senior official told PTI.
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