India to set up panel to look at consolidation for state-run banks

March 5, 2016 11:56 AM

22 0

India to set up panel to look at consolidation for state-run banks

NEW DELHI India will form a panel to devise a strategy for consolidation in the state-run banking sector, Finance Minister Arun Jaitley said on Saturday.

More than two dozen state-run banks dominate India's banking sector with over two-thirds of assets. They also hold close to 85 percent of the bad loans in the sector.

Also read: Donald Trump’s Economic Team Set to Come Into Clearer Focus

Read more

To category page

Loading...