A small thread on PSU bank merger announced recently



There is one big reason for any merger – Synergy. And that means laying off people. And shutting down branches where there are duplicities of presence and business. And both have been categorically denied by the finmin.

So what is the impact then?



1.Short story – NONE. It means nothing and achieves nothing. On the contrary, it significantly weakens Union Bank and Indian Bank, two of the strongest banks which have been merged with weaker ones in the current wave.