Tag Archives: consolidation

Public sector banks’ consolidation will not lead to job losses: Official

Any possible merger of public sector banks (PSB) will not lead to job losses, a senior government official said today. “No employee will lose job. That part has been taken care of,” the official said, adding that any probable consolidation among banks will eventually lead to reduction in credit risk concentration, increase competitiveness, and increase the lenders’ ability to extend ... Read More »