SBI not right candidate to take over more banks: Chairman
SBI is not the "right candidate" to take over more banks, as it needs 2-3 years to see gains from recent consolidation of associate banks, Chairman Rajnish Kumar has said. More consolidation will lead to a monopoly in the Indian banking sector, he added. Kumar's comments come after government proposed merger of Bank of Baroda, Vijaya Bank and Dena Bank.