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Mergers of PSBs , Though inevitable, No panacea!

New Delhi: Mergers of PSBs – for synergies n capital issues – nothing wrong . But the players should be selected very carefully. Public/ stakeholders should benefit from this exercise and it shd be time-bound n smooth . BOB Vijaya n Dena: issues still persist! Customers n staff continue to feel the discomfiture.
Besides on the one hand, we want to reduce the number of PSBs; but private sector banks are many and level playing fields are different . All banks shd operate under similar ecosystems; be they private, foreign or PSBs .No state-sponsored loans commitments for private n foreign banks; no threat of CVC also for them . These are equally important issues By…One senior banker on the condition of anonymity

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