Finance Minister Arun Jaitley has said that there should be a reduction in the number of banks in the banking industry of the country. Jaitley said that there is a need for big banks in the country, so it is important for small government banks to get merged.

In clear words he said that the country needs lesser but powerful banks so that the profits from large scale can be availed. He dismissed concerns about the impact of the fiscal year announced by the Welfare Programs announced in the Interim Budget on 1st February.

Finance Minister Arun Jaitley has said that there should be a reduction in the number of banks in the banking industry of the country. Jaitley said that there is a need for big banks in the country, so it is important for small government banks to get merged.

In clear words he said that the country needs lesser but powerful banks so that the profits from large scale can be availed. He dismissed concerns about the impact of the fiscal year announced by the Welfare Programs announced in the Interim Budget on 1st February.