In August 2019 ______ public sector banks have been merged into four banks.
10
The correct answer is 10.
Better governance: Consolidation can potentially lead to improved governance and risk management practices across the merged entities. Financial stability: Merging weaker banks with stronger ones can enhance the overall stability of the banking sector. Prior to the August 2019 announcement, there have been other significant bank mergers in India, notably the merger of associate banks and Bharatiya Mahila Bank with State Bank of India in 2017, and the merger of Dena Bank, Vijaya Bank with Bank of Baroda in 2019.
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