According to RBI's data, profitability of public sector banks (PSBs) that have been amalgamated/merged during the last five years has improved on a consolidated basis, Minister of State for Finance Bhagwat Karad said in a written reply to the Rajya Sabha.source https://economictimes.indiatimes.com/industry/banking/finance/banking/profitability-of-psbs-improved-post-amalgamation-mos-for-finance/articleshow/88418084.cms
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