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India needs 4 different SBI-sized banks: FM Sitharaman

Finance Minister Nirmala Sitharaman addressed the Annual General Meeting of the Indian Banks' Association in Mumbai on Sunday, where she said, "India needs 4 different SBI-sized banks." She said this in presence of SBI Chairman Dinesh Kumar Khara. Sitharaman added, "Even before COVID-19 pandemic, the driving force for amalgamation of banks was that India needs a lot more big banks."

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