After the merger of the Associated Banks and Mahila Bank with SBI, the government is proposing to merge the Nationalised Banks. Two or three PSU Banks are planned to be merged in to one. The Finance Ministry is reported to be in serious discussion in the matter. According to the Ministry, the 21 PSU Banks have to be reduced through merger.
In this connection, the reported statement of Dy. Governor of SBI that the Nationalised Banks should be de-nationalised, hints to the diabolic thinking of the government – Merge the PSUs and privatise!