SME Times News Bureau | 19 Sep, 2018
Commenting on the
decision taken by government on Monday to merge Dena Bank, Vijaya Bank and Bank
of Baroda, FICCI President Rashesh Shah welcomed the decision.
"This is a
progressive move and signifies the government's determination to strengthen the
banking sector in the country for a better performance and service delivery,"
Shah said in a press statement.
will lead to greater operational efficiencies and the entities involved would
benefit through a synergistic relationship that would leverage each other's
network, customer base and access to low cost deposits," he added.
this announcement and compliments the Finance Minister for continuing to move
forward on the path of reforms," the FICCI chief said.
“ A stronger
banking sector is vital for the overall health of the economy and we hope
to see more such measures in the times ahead", added Shah.