"KING:'Why so much whispering is
going on regarding the merger of PSU Banks in India?' HERMIT:'Non
Performing Assets (NPAs) are really becoming a major problem for the
Indian economy. Majority of the borrowers of the PSU Bank hardly have
any PAN Card. Even if some of them have it, their PAN Card is not
uploaded by many PSU Banks in the CIBIL website. As a net result,
sometimes, there is no option of getting CIBIL report and sometimes,
many CIBIL reports are somewhat erroneous reports. At least, merging
of some banks will reduce the scope for an NPA customer of a PSU Bank
to get loans from other PSU Banks. Doubtful Assets are like virus of
the Banking Industry.'"-Arindam Sain
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