pa href="https://news.yahoo.com/india-announces-series-mergers-state-121452993.html"img src="http://l2.yimg.com/uu/api/res/1.2/4IZg0GJSqijcUHaynUwLIg--/YXBwaWQ9eXRhY2h5b247aD04Njt3PTEzMDs-/https://media.zenfs.com/en-US/reuters.com/ee6ce6013cb3203ede3cb23e03f81ad3" width="130" height="86" alt="India announces series of state-run bank mergers to strengthen lenders" align="left" title="India announces series of state-run bank mergers to strengthen lenders" border="0" /aIndia announced a series of mergers involving 10 state-owned banks on Friday, as it moves to strengthen a sector struggling under a mountain of debt and ensure stronger balance sheets to boost lending and revive economic growth. The mergers, which cut to 12 the total number of state-owned banks from 27 in 2017, are the first since Indian Prime Minister Narendra Modi's government won re-election in late May. Modi's government has vowed to clean up the banking sector and reduce the number of state-run banks.pbr clear="all"
