AFTER SBI MERGER, 4 OTHER BIG NATIONALIZED BANKS MAY MERGE WITH 4 WEAKER NATIONALIZED BANKS EACH TO STRENGTHEN INDIAN BANKING INDUSTRY !!!

“To provide financial inclusion, 
at one time, the Indian Government 
went for Banks' NATIONALIZATION.
Advances were given from these banks to farmers, servicemen 
and big industrialists at a much cheaper rate to build domestic 
infrastructure to compete with foreign companies due to GLOBALIZATION.
When in the year of 2008, 
the entire global economy 
faced economic RECESSION,
the amount of Non Performing Assets (NPA) 
compelled these nationalized banks 
to increase their Annual PROVISION.
And as a result, the net profits of these nationalized banks started 
declining despite hiding true NPA figures by loan restructuring in 
CBS software to further worsen the SITUATION.
To bring some amount of black money into the Banking System, 
to counter fake currencies and to bring more people under 
income tax arena, it was a master stroke to go for DEMONETIZATION.
But, to improve the overall growth of Indian economy at a rapid pace, 
the Indian Banks must become stronger to compete with International Banks 
and there is a need to increase each nationalized banks' market CAPITALIZATION.
After SBI merger with its associates, PUNJAB NATIONAL BANK may acquire OBC, 
Corporation Bank, Allahabad Bank and Punjab and Sind BANK.
CANARA BANK may acquire Vijaya Bank, IOB, 
Union Bank of India and Dena BANK.
BANK OF INDIA may acquire United Bank of India, 
Bank of Maharashtra, Andhra Bank and Indian BANK.
BANK OF BARODA may acquire UCO Bank, 
Central Bank of India, Syndicate Bank and IDBI BANK. 
Merging may be required to strengthen the Indian Banking Industry 
and these five big Nationalized Banks may be able to 
improve its International level Banking RANK.”- Arindam Sain