Mega-merger of PSU banks: SBI Chairman says government recognises importance of robust banking system

SBI Chairman Rajnish Kumar stated that the announcements also "underline the fact that the government recognizes the importance of a robust banking system in achieving the goal of $ 5 trillion economy as bigger banks will be better armed to meet the credit needs of a fast growing economy like ours."

Mega-merger of PSU banks: SBI Chairman says government
The decision to have separate mechanism for sanctioning and monitoring of big loans will ring-fence the Banks against potential frauds, the SBI Chairman said. Image source: SBI

By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

x