Is the merger of public sector banks a panacea for all the ills of banking industry

Recently the banking industry has been passing through turbulent times with manifold problems. The NPAS has been at its highest. Survival for many banks have become very difficult. Public Sector Banks, our heroes of financial inclusion, are the most affected. For all the problems of PSBs government has just one answer, Merger, Merge and …..duce the number of PSBs. Make giant of banks. After 2008 financial crisis, the world took its lesson and followed the theory of too big to fail and moved towards smaller entities. But we in India are moving towards larger banks. will they pass the test, is the most important question of current banking. Is merger the only or the most important solution of all the problems of banking industry. There are many more solutions which have been neglected by the government.