Rbi, The Matchmaker

The central bank has taken on a new role as M&A specialist

Early this week, Punjab National Bank (PNB) informed the Bombay Stock Exchange (BSE) that the Reserve Bank of India (RBI) has directed the bank to explore the possibility of merging Nedungadi Bank with itself.

PNB chairman S S Kohli is candid enough to admit that his bank is looking into Nedungadi