India doesn't need so many public sector banks, says former SBI chief

India needs 'fewer' but stronger Public Sector Banks (PSBs), and the smaller ones could be privatised or merged, former SBI chief Arundhati Bhattacharya has said. She doesn't really believe that we need so many public sector banks either, the number of PSBs could be decreased. Some of them could be privatised said Bhattacharya, who is currently the chairperson and CEO of Salesforce India.

from Banking/Finance-Industry-Economic Times https://ift.tt/jeJr7zw