There is not an iota of doubt that the Indian banking system is grappling with innumerable challenges. The government, coming to the rescue of the banking sector is known to everyone by now. And now, it’s quite clear that bank consolidation and bank recapitalisation tops the agenda of the current regime. In the last tenure of the BJP Government, apart from big-bang reforms such as demonetisation and GST being rolled out, one thing that has been very actively carried out is banks merger.