'No proposal for merger of PSBS currently'

The finance ministry on Monday said there is no proposal at present to merge or consolidate public sector banks, even as it noted that past amalgamations have helped create larger, more competitive lenders with improved efficiency and scale.

- Harsh Kumar

“Leveraging of networks, better access to low-cost deposits, increased ability to support larger ticket-size lending and competitive operations by virtue of greater financial capacity has provided the amalgamated banks a substantial rise in customer base, market reach