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Bank+consolidation+makes+progress
Monday, 07 July 2014 - 12:35
Bank consolidation makes progress
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A Central Bank media release said that consolidation has made progress as planned and last month almost all banks and finance and leasing companies had finalised their consolidation plans and submitted the proposed merger and acquisition plans to the Central Bank.

These plans will now be reviewed by the Central Bank to enable the companies to proceed further.

Banks and NBFIs, while negotiating with the shortlisted merger and acquisition counterparts, also maintained a close dialogue with the special unit of the Central Bank.
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