Stating some consolidation in the banking system was inevitable, Finance Minister P Chidambaram said India must have two or three world-size banks.”Finding new business models will inevitably lead to some consolidation. We should not fear consolidation. I know there is pride and identity, but ultimately some consolidation would have to take place in the banking system in this country,” he said at the Bancon-2012 meet here.”We must create at least 2 or 3 world-size banks. China has done it. And if India wants to be and as it will be the third largest economy in …
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