India’s ambition to create at least two globally competitive banks among the world’s top 20 aligns with its broader developmental goals. The “Viksit Bharat 2047” roadmap envisions an economy capable of financing its own transformation. For this, financial institutions must be able to handle the scale of lending needed for green energy corridors, smart cities, and next-generation manufacturing.The rationale for consolidationIndia’s banking landscape has long been characterised by fragmentation, with a multi ...