Left parties criticise Centre’s decision to merge public sector banks

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They alleged the decision is a deliberate attempt to divert attention from the real issues facing the country’s economy which is “in shambles”. Union Finance Minister Nirmala Sitharaman on Friday announced the merger of 10 public sector banks into four entities with a view to create fewer and stronger global-sized lenders with robust balance sheets that can be used to boost credit and spur growth.

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