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Home  » Business » State banks must merge: FM

State banks must merge: FM

Source: PTI
March 24, 2005 11:40 IST
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Finance Minister Palaniappan Chidambaram said on Thursday state-run banks needed to consolidate to add financial strength to their operations.

"Consolidation will add size, scale, technology to your bank. Fears that there will be job losses are not justified. Jobs will be created," Chidambaram told a banking conference.

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Source: PTI© Copyright 2024 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
 
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