08-November-2025
Banking
 
Finance minister hints at more bank mergers
07-Nov-2025

Finance minister Nirmala Sitharaman on Thursday hinted at another round of consolidation of public sector banks, and possible privatisation of some of them, as part of the government’s efforts to create more “big banks”. Addressing the 12th SBI Banking & Economics Conclave in Mumbai, she reiterated that India, as a fast-growing economy with diversified banking needs for its large population and thriving businesses, “needed a lot of big, world class banks.” She said the government would confabulate with the Reserve Bank of India and the banks, “to see how they want to take (the plan) forward.”

News Source:- https://www.financialexpress.com/business/banking-finance/finance-minister-hints-at-more-bank-mergers/4034611/?ref=business_hp