At present Apex bank facing a shackle bad loan and they are planning for merger with several weaker banks as well as might privatize few state-run lenders, it will help them to recover their loans and get out of this stressed situation. It led to credit growth and create more employment in next financial years.
By analyzing this issue, Deputy Governor of RBI Viral Acharya said that the merger and infusing funds from state run lenders will not only resolve this situation, it plagued the nation’s financial infrastructure and the heavily indebts corporations are avoiding any financial loans.
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