Possibilities that open up with merging of banks

India's largest public sector bank, State Bank of India, entered the list of the world's largest banks after merging associate banks and Bharatiya Mahila Bank with SBI. State Bank of India, which is ranked 43rd in the global ranking, has assets of Rs 66.8 lakh crore. Reports indicate that the Union Finance Ministry has initiated a move to reduce the country's 12 public sector banks to three on the basis that this merger has become a big success. The central government is likely to move towards the merger of public sector banks by the end of the current financial year. The move is to merge other public sector banks into SBI, Canara Bank and Punjab National Bank. The government plans to bring at least two Indian banks in the top 20 banks globally. The aim is to enable Indian banks to provide