THERE MAY BE ONLY FIVE PSU BANKS IN INDIA AS A LEAD BANK OF EACH SPECIFIED OPERATING ZONE !!!

“The amount of Non-Performing Assets in almost

all PSU Banks is forcing the Finance Ministry of India

to go for rapid mergers and acquisitions PROCESS.

Indian Government has failed to recover loans from

big businessmen who defaulted in crores of INR and enjoying life

with lots of entertainment in foreign nations, NEVERTHELESS.

Mergers of PSU Banks must

strengthen the PSU Banks' market CAPITALIZATION.

Not only in NPA recovery, focus should be given to maintain the

lead banking system to bring an effective financial INCLUSION.

Punjab National Bank, Allahabad Bank, Punjab and Sind Bank,

Corporation Bank and Oriental Bank of Commerce may merge together

to form 'PASCO BANK' and may become the

lead bank of UTTARANCHAL REGION.

Canara Bank, Indian Overseas Bank, Dena Bank, Vijaya Bank

and Union Bank of India may merge together to form

'CIDVU BANK' and may become the

lead bank of DAKSHINANCHAL REGION.

Bank of India, Andhra Bank, Indian Bank, Bank of Maharashtra

and United Bank of India may merge together to form

'BAIBU BANK' and may become the

lead bank of PURVANCHAL REGION.

Bank of Baroda, IDBI Bank, Syndicate Bank, Central Bank of India

and UCO Bank may merge together to form

'BISCU BANK' and may become the

lead bank of PASCHIMANCHAL REGION.

State Bank of India may become the lead bank of

all Union Territories, Jammu and Kashmir and Madhyanchal region;

so, overall, there may be only five PSU Banks in India

as a lead bank of each specified operating ZONE.” - Arindam Sain