NEW DELHI: Four state-run lenders — Syndicate Bank Vijaya Bank and Dena Bank — have made presentations to the finance ministry on their consolidation plans. A senior government official confirmed both developments.The government wants fewer, stronger and bigger state-run banks. The finance ministry is expected to seek similar presentations from other state-run banks as well. There are as many as 21 state-run banks in India, making for a large number of small banks that punch below their collective weight. Let us see if they can come up with some interesting ideas," said another finance ministry official aware of the development.

Source: Economic Times June 13, 2017 18:11 UTC