She invited Swedish firms to invest in infrastructure development projects.
Banks will have to take a call and then come to the regulator with a road map on what they want to do: official.
The government has brought in major reforms to boost investment climate in the country for becoming a $5-trillion economy: Nirmala Sitharaman.
AIBEA says banks waste a huge sum on this.
Depositors panic as withdrawals capped at Rs 1,000 per account.
Most of the bank stocks are in the higher tax bracket and will see improvement in earnings.
Biggest single-day jump in a decade, m-cap up Rs 7 lakh crore.
The idea behind this move is to ensure maximum credit disbursal during the festive season.
The government, she said, will speed up spending in infrastructure related projects to boost consumption in the economy.
Weaker banks are the biggest beneficiaries of the mergers.