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Wednesday, February 26, 2020

Merger of bank may not be possible

Today finance minister meeting PSB chief ..focus of meeting is on reforms and today cabinet is also meeting .so today is last hope for 1 St April amalgamation deadline which by all accounts seems to be heading for another deadline and may be with new pairing .there is something wrong some where in government quarter .if they have rethinking on merger of PSB then it is for good because it was a bad idea .it remains a bad idea and it will remain a bad idea .so many PSB share price on 52 weeks low and no bottom in sight .only SBI holding up that too due to SBI card issue slate for first week of march .
Dark cloud over PSB merging ahead .

1 comment:

Chandra said...

Merger of psbs is a must.
Nothing will happen if merger takes place.

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