‘Merger’ has become the most important word in the banking sector. It is only a few weeks back that the 5 associated banks and the Mahila Bank were merged with SBI, despite strong protests from the employees and their unions.
Now it is the turn of other PSU Banks. Vijaya Bank and Dena Bank is being merged with Canara Bank. The government says that mergers are necessary for creating big banks. Whether such merger will benefit the customers and workers?