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MERGERS AND ACQUISITIONS OF PSU BANKS - OPINIONS FOR AND AGAINST
Dr.M.venkateswara rao
Abstract:
This paper intends to break down and comprehend the new bank mergers in India, by reflecting regarding why a comparative advance was taken a few times previously, why such a consolidation declared cut is and what suggestions it could have on the forms of the financial sector and from a full scale point of view, on the economy in general. This paper plans to basically clarify the benefits and bad marks of such a move and its subsequent effect on monetary frameworks and ser-indecencies in the country. Public Sector Undertaking (PSU) banks were 27 altogether in India till April 1, 2020, yet now with the blend of 10 public sector banks (PSBs) into 4 uber banks, the number diminished to 12 PSBs. The Central administration of India accompanied this transition to fortify Banking sector of the country. This examination plans to investigate the banks engaged with this blend, reasons which lead to this consolidation and potential results for the partners.