INSUBCONTINENT EXCLUSIVE:
Centre's target to achieve a $5-trillion economy within the next five yearsand the step taken for mergers of the PSBs is in the
Finance Ministry, State Bank of India(SBI) MD Dinesh Kumar Khara said that the merger is "well-thought of" and will strengthen the banking
Now the banks' credit is about Rs 98 lakh crore
MD S K Varma said credit demand from thelarge corporates was "sluggish" so far in this fiscal but arevival in near future with good monsoon
Andhra Bank and Corporation Bank will be consolidatedwith Union Bank of India.PSBs are under pressure to meet the capital
There is a question mark on how long this will happen.Keeping this in mind, perhaps, the merger has been conceived.Maybe, the government
of its associatebanks with SBI, he said the bank had saved Rs 4,350 crore inrationalising human resources in its branches, another Rs1,800
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