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Top Indian Lender Backs Next Phase of Banking Sector Mergers

Kumari Sonali

Top Indian Lender Backs Next Phase of Banking Sector Mergers:

India’s banking sector is gearing up for another transformative phase as the State Bank of India (SBI) advocates for fresh consolidation among public sector banks (PSBs). With India aiming to become a $30 trillion economy by 2047, large and resilient banking institutions are seen as essential for funding the nation’s ambitious infrastructure and industrial development goals.

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