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Rajan's advice on PSU bank mergers

Rajan's advice on PSU bank mergers
'I would say restore the banks to health, get active board composed of professionals, then there will be an ideal situation for merger.' Mergers of PSU banks should be done only after balancesheets are cleaned up and these are nursed back to health with adequate capitalisation, said former RBI governor Raghuram Rajan. "I would say restore the banks to health, get active board composed of professionals. There has been a steady attempt to professionalise banks and remove political hacks.   ...
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