Five banks are merging to create an Indian super-bank
Five Indian banks are to merge with the country’s largest bank – the State Bank of India or SBI - to create a super-bank with $550bn of assets and 500 million customers.
The government expects the merger to create $200m in cost savings. Is consolidation the answer for India's fragmented banking sector? Sameer Hashmi takes a look.
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- From the section Business