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Sarthak Jain
@sarthak_jain_02 · 2:35

Mergers in Indian Banking Sector

A finance Minister said that large banks will be able to lend more money and help revive the slowing economy. The government also believes that increased credit growth is essential in order to achieve its target of growing Indian to a dollar 5 trillion economy in the next five years. It is also the view that the merger will lead to increased operational efficiency that will help bank lower the cost, thus enabling them to lower their lending rate

Explainer on why were banks merged

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