Plans underway to create banks even larger than SBI! Here is the plan for public sector banks..

Until a decade ago, India's public sector banks (PSBs) were weighed down by massive debt and losses. However, the picture has changed completely now. These banks stand on solid ground, characterized by steadily improving balance sheets, declining bad loans (NPAs), and impressive profits. The question now arises: is it time to merge select banks to create a few truly massive, global-scale banking institutions? A new report by the Prime Minister's Economic Advisory Council (EAC-PM) makes precisely this recommendation.

**The Need for Large Banks**