Merger of Indian Banks - What it Will Augur for Indian Economy

Abstract

Recent mergers of Indian public sector banks are supposed to have a very lasting impact on Indian banking perspective let alone our economy. Although the idea of merger first mooted by Narsimham Committee on the Financial System as back as in 1991, the idea never lost its thread and was a point of discussion in the banking fraternity all through. Mergers now being a fait accompli, opinions among the experts differ on its impact on our economy. In this article, an effort has been made to knit up all these opinions to eke out what does it really augur for our economy.