The Finance Minister has confirmed that the government and Reserve Bank of India are discussing a second ‘mega-merger’ among the public sector banks (PSBs), now 12 after the first mega-merger in 2019. The goal is to have a few truly ‘international’ PSBs in the world top order as envisioned in the agenda for Viksit Bharat by 2047.The Narasimham Committee-I (1991), which originated the consolidation idea, recommended the following “broad patten” of the banking structure: (a) 3 or 4 large banks (including Stat ...