“HERMIT: ‘The hikes in salaries of
PSU Bank employees have triggered the need for mergers and
acquisitions of PSU Banks to increase the profitability of PSU
Banking Sector in India.’ KING: ’Indian Government should have
only 9 PSU Banks to be known as NAVARATNAS. SBI to acquire all the
SBI associate Banks. BOB to acquire Syndicate Bank and Vijaya Bank.
PNB to acquire OBC and Dena Bank. Canara Bank to acquire UCO and UBI.
CBI to acquire IOB and PSB. BOI to acquire Allahabad Bank and BMB.
IDBI to acquire Corporation Bank. Union Bank to acquire Andhra Bank.
Indian Bank to acquire Bank of Maharashtra.’”-Arindam Sain
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