Consolidation of banks is a phenomenon of amalgamating one or more banks into the other bank. The bank into which other banks merged is called the “Anchor Bank”.
The Mega consolidation of banks announced by Honourable Finance Minister Nirmala Sitaraman would help make them with a size comparable to global banks and capable of competing effectively in India and globally. Besides, consolidation would also provide stimulus to amalgamated entities by increasing their ability to lend more. Lending huge amounts will nurture the investments resulting in the increased growth rate. Thus, the economy will get revived from the current slowdown. Upgrade to Basic Plan to unlock this content!This content is locked
Upgrade to Basic Plan to unlock this content!
Earlier this year, our nation witnessed a drop in the number of COVID cases. With a daily average of...
They say when you LEARN it, you EARN it. Yes, that’s the game of money!Money is probably the most learned...
Rupees, Dollars, Yen, Euros, Pounds so much of currency around the world. Money is a word you will often hear...
The words 'money' and 'currency' are used synonymously to each other. However, there is a blurred difference between them, which...
Life is a race. To succeed in life, one must not only run faster but become smarter too. It requires...
While social media becomes uncomfortable sometimes, it is a boon too, especially for the people who seek growth in the...
