History of Bank Mergers
History of Bank Mergers Today we will read about the bank merger in this article and learn what has been the history of bank mergers and acquisitions in India. When an economy becomes obliged to merge banks, it will also try to know. Right now the topic of Bank Merger is very much discussed. In this article, we will try to know what the PCA Framework is and what rights of Indian banks the RBI gets after coming into the PCA framework. Role In 1969, the Indira Gandhi government changed the picture of the banking sector of the country. First 14 and then in 1980 some more private banks were made government. There is no doubt that after the acquisition of banks, bank system reached remote areas and people and people got a strong and reliable system of savings and government relief. But now these government banks are facing trouble. As of December 2017, about 9 lakh crore rupees in these Indian banks. More than NPA has been done, which is breaking the back of public sector banks.