The Public Sector Banks Merged?

Hi all,

The finance minister Nirmala Seetharaman announced yesterday public sector banks merged for financial reason. What happens next? If this is directly affecting the share market?

Hi Steve. I’ve never been optimistic towards PSU banks. They are neither very profit or growth oriented and faces a lot of NPA issues.

Anyways, here’s an article on the same topic published at Economic times-- View: Why India’s mega bank mergers move may not yield the desired results.