RBI says bank mergers have to be focused and strategic

December 14, 2015 6:09 AM

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RBI says bank mergers have to be focused and strategic

MUMBAI India's central bank supports mergers among commercial lenders but they have to be focused and strategic, a deputy governor of the Reserve Bank of India said on Monday.

S.S. Mundra, speaking at a business school in Mumbai, warned that merging a weak bank with a strong bank might weaken the stronger lender.

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