When was the last time so many banks disappeared in 6 years?
en.wikipedia.org/wiki/Category:…
en.wikipedia.org/wiki/Category:…
https://twitter.com/RBI/status/1328692277594624000
1st April 2017
State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala, State Bank of Travancore and the Bharatiya Mahila Bank >> SBI.
1st April 2019
Dena Bank and Vijaya Bank >> Bank of Baroda.
State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala, State Bank of Travancore and the Bharatiya Mahila Bank >> SBI.
1st April 2019
Dena Bank and Vijaya Bank >> Bank of Baroda.
1st April 2020
Corporation Bank and Andhra Bank >> Union Bank of India.
Oriental Bank of Commerce and United Bank of India >> Punjab National Bank.
Allahabad Bank >> Indian Bank
Syndicate Bank >> Canara Bank
Corporation Bank and Andhra Bank >> Union Bank of India.
Oriental Bank of Commerce and United Bank of India >> Punjab National Bank.
Allahabad Bank >> Indian Bank
Syndicate Bank >> Canara Bank
27 public sector banks in 2017.
12 public sector banks in 2020.
12 public sector banks in 2020.
In what kind of "booming economy" do so many banks disappear and even banks that sought out super hard to get banking licenses decide not start operations/shutdown and surrender their license?
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