RBI deputy on financial sector consolidation

An increasing number of India's private sector banks are now deciding to merge with one another, Shri Leedladhar, a deputy governor at the Reserve Bank of India, noted.

"Over the years, there has been considerable progress in consolidation in India between the private sector banks and the mergers have happened not only between the weak and the healthy banks but also, of late, between healthy and well-functioning banks as well," Leedladhar said. "The Reserve Bank has been supportive of the

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