Post by Admin on Apr 1, 2017 9:48:18 GMT
Five banks are merging to create an Indian super-bank (31 March 2017) (BBC)
"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."
www.bbc.com/news/business-39447722
"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."
www.bbc.com/news/business-39447722