New Delhi, May 20 -- Batting for PSU banks' consolidation, chief economic advisor Krishnamurthy V Subramanian has said having a few good banks is a good idea as they can compete and their quality can get enhanced to compete globally with the best in the world.
"Having a few large Indian banks is a good idea. By encouraging some of our healthy banks to become big and thereby tap into savings elsewhere, it will be a positive thing. We should have a few banks who can compete. By this the quality of those banks gets enhanced as they compete globally with the best in the world", the CEA told IANS in an interview.
He said a global bank benefits savings across the world. Chinese and European banks are very large, there are benefits they derive f...