International Journal of Commerce and Management Research

International Journal of Commerce and Management Research


International Journal of Commerce and Management Research
International Journal of Commerce and Management Research
Vol. 6, Issue 2 (2020)

Bank merger drive in India in 2020-An economic perspective


Dr. NR Suryanarayana, Uma TG

The Finance Minister Sitharaman had announced the merger of 10 Public Sector Banks into four on August 30, 2019. This merger is approved by the union cabinet on 4 March 2020. The merger would be effective from April 1, 2020. The basic logic behind this merger is to increase the global competitiveness of the Indian banks. Now the total Public Sector Banks reduced to 12 from 27 in 2017 in India. The present article presents the consolidation of the banks as mega economic reform in a capsule.
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How to cite this article:
Dr. NR Suryanarayana, Uma TG. Bank merger drive in India in 2020-An economic perspective. International Journal of Commerce and Management Research, Volume 6, Issue 2, 2020, Pages 41-45
International Journal of Commerce and Management Research International Journal of Commerce and Management Research