Date:04/04/2005 URL: http://www.thehindubusinessline.com/2005/04/04/stories/2005040400140802.htm

Back Bank mergers

Mergers of banks will help the government trace black moneyt ransactions and stop people from starting multiple bank accounts.

The public will also benefit in that they can have access to their money anywhere in India. Bank mergers will also expedite the transfers of those bank employees seeking a position in their native places.

This will in turn increase employment opportunities, which will reduce paper transactions and increase the number of ATM outlets will increase.

V. Sundaralingam

Vellore

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