"'ROYAL ECONOMIST:'Almost all PSU
banks are in loss. Too much provisions for NPA accounts is becoming a
headache for the top management of any PSU bank. Merge all profitable
PSU banks with loss making PSU banks.' ROYAL FINANCE MINISTER:'No
merger plans as of now. Any loss making PSU bank may deduct 1 day
gross salary of its all employees once in every quarter for
increasing the NPA provision fund with the condition of paying back
10% of respective gross salary of its employees as profit perks to
all its respective employees once in each quarter if and only if the
bank does profit in that particular quarter.'"-Arindam Sain
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