India needs 4-5 'SBI size' banks to meet growing needs of economy: FM Nirmala Sitharaman

Meanwhile, Sitharaman asked all to desist calling the National Asset Reconstruction Company (NARCL) as a 'bad bank' as similar institutions are called in other countries like the US. She also said that the banks' books are much cleaner now and this will help the government as the recapitalisation requirements go down.

from Banking/Finance-Industry-Economic Times https://ift.tt/3i7ZMpB