Quick poll: Is India's plan to consolidate public banks a good move?

August 11, 2020

Take our 30-second poll now to have your say on whether Indian public banks should merge

Click here to vote in the 30-second poll now

The Indian government has plans to bring down the number of public sector banks from 12 to four in one of the biggest consolidation moves in the financial sector.

This is not the first time that India has consolidated its public sector banks. On April 1 2020, the number of public sector banks went from 21 to 12. The Covid-19 situation has triggered a further need to consolidate, as prolonged economic slowdown worsens in India.

IFLR is polling readers on whether public banks should be consolidated in India. Let us know your thoughts by voting here now.

To discuss your answer in more, detail please contact Karry Lai at karry.lai@euromoneyasia.com.

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Karry Lai

Managing editor

Karry is managing editor of IFLR. She manages the team and is responsible for IFLR's content. She also sits on the editorial judging panels of IFLR's global awards and the Women in Business Law Awards. Before joining the legal media industry, she was project manager at a startup focused on sustainable lifestyle media and events.