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India in Talks to Create Bigger Banks, Including via Mergers, Finance Minister Says

Summary by Business Times
India has 12 state-owned banks, which together hold assets totalling 171 trillion rupees (S$2.51 trillion) as of March
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2 Articles

Business TimesBusiness Times

India in talks to create bigger banks, including via mergers, finance minister says

India has 12 state-owned banks, which together hold assets totalling 171 trillion rupees (S$2.51 trillion) as of March

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Asia FinancialAsia Financial

India Says It’s Keen to Create Bigger Banks, Possibly Via Mergers

Finance Minister Nirmala Sitharaman wants more 'big banks' and says efforts are underway to consolidate some of India's 12 state-owned banks

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Asia Financial broke the news in on Thursday, November 6, 2025.
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