Mergers of Banks - Soon to be a reality

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While India claims to have escaped the global financial crisis, PSBs are in a mess today because they were big lenders to many mega-scamsters of the UPA regime and shaky infrastructure projects (telecom, coal, power, realty and SEZ). The finance ministry is looking at the possibility of merging at least five state-run banks - from Andhra Bank, Bank of Maharashtra, Dena Bank, Punjab & Sind