As talk of another round of public sector bank (PSB) mergers picks up, veteran bankers SS Mundra, former deputy governor of the Reserve Bank of India and former chairman and managing director of Bank of Baroda; Dinesh Kumar Khara, former chairman of State Bank of India ; Padmaja Chandru, former managing director of Indian Bank; and Sunil Mehta, former managing director of Punjab National Bank (PNB), weighed in on what the next phase should look like in a discussion with CNBC-TV18.

They argue that any new merger must go beyond scale and address culture, capital, and synergies from the outset.

Khara said the focus should be on mergers that strengthen growth levers rather than simply creating larger balance sheets. Chandru stressed that cultural integration and clear communication are c

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