Banks merger: India plans mega banks but analysts say bet on rivals instead

The NSE Nifty Bank Index, a gauge of 12 lenders, dropped 1.4%, while the NSE Nifty PSU Bank Index -- comprising 12 state-owned banks -- slid 3%. Punjab National Bank’s 5.6% decline was the most among state lenders, while Syndicate Bank was the lone gainer, rising 2.5%.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2ZvTCs6