Centre may merge 2 large Mumbai banks: Vinod Rai
The Centre may merge “two large Mumbai-based banks” in 2017-18, once the consolidation of non-performing assets has been done, Bank Board Bureau chief Vinod Rai has said. However, he declined to identify the banks and said that the deliberations were preliminary. It depended on the success of efforts to restructure the balance sheets of other public sector banks, he added.