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Home » Daily_News, International, National » Reserve Bank of India will revise their balance sheet before the merger of government banks: Raghuram Rajan

Reserve Bank of India will revise their balance sheet before the merger of government banks: Raghuram Rajan

Prior to the merger of government banks, their balance sheet should be corrected by putting enough capital. Former RBI governor Raghuram Rajan said this in an interview. They were asked questions about the efforts of the government to increase the size of the banks and the integration of banks to reduce the number. Rajan said, ‘First of all, the health of the banks should be corrected first. Professional people should be made an active director board. There are several steps to commercialize banks and eliminate political pressure on them. Once all this happens, then I think the best position for merging will be. According to the former governor, the process of clearing the balance sheet is resolved for some reason. Such procedures would be better for people who know banking system rather than bureaucrats. We really need to complete it. Where should be needed capital in the bank. After this, some decisions can be made for merger. “This statement is also important because the government is in the process of unification of banks at this time. Rajan said that it is important to keep in mind that all the processes of merger are not going to be easy as the merger of various State Banks in State Bank of India. In the merger, there will be a completely different work culture, system and area bank. Merging them will require a lot of caution. In such kind of mergers, there will also be problems like this, who will be the head of the bank formed after the integration, who becomes associate? It is important to keep all these problems in mind before the merger of the banks

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