Why Stocks of Public Sector Banks Are Unlikely to Create Value
In continuation of the superficial attempts in ‘reforming’ public sector banks (PSBs), the government has just announced mega mergers of several PSBs. Oriental Bank of Commerce and United Bank of India will get merged with Punjab National Bank; Syndicate Bank with Canara Bank; Corporation Bank and Andhra Bank with Union Bank and Indian Bank will merge with Allahabad Bank. What will these...
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