makes no sense for anybody to own so many entities doing the same business. So why should the Government of India own and control 27 banks?
Why not merge it into 4-5 banks to do the following
- Concentrate on the real big borrowers – give them equity, debt, merchant banking…etc.
- Concentrate on the senior citizens (exclusive do only banking NO lending) only responsible selling / other services
- Wholesale banking, and reinsurance?
- etc. etc…..
this will make sense…instead of 27 banks…well, well they are talking on those lines…
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