COMMENTS NO: YEAR/2014/891

"ROYAL ECONOMIST:'We have made a benchmark of Average Overall Growth Rate (AOGR) of 5% over the 5 years from 2009 to 2014. We have made a list of those Branches of PSU Banks whose average overall growth rate is less than 5% over the 5 years from 2009 to 2014.' ROYAL FINANCE MINISTER:'We must merge those loss making branches with the nearby profitable branches.'ROYAL STATISTICIAN:'We also need to formulate a data on the number of customers and their accounts in those loss making branches.' HERMIT:'This type of mergers may solve the manpower problem.' KING:'But will it increase the profitability and reduce the operating expenses of PSU Banks? That is a big question mark for Indian Economy?'"-Arindam Sain