India announces series of mergers of state-run banks
India announced a series of
mergers involving 10 state-owned banks on Friday, as it moves to
strengthen a sector struggling under a mountain of debt and
ensure stronger balance sheets to boost lending and revive
economic growth.
mergers involving 10 state-owned banks on Friday, as it moves to
strengthen a sector struggling under a mountain of debt and
ensure stronger balance sheets to boost lending and revive
economic growth.
Posted by Reuters
