Permanent solution

The editorial, “Consolidation fiasco” (August 17), about the worrying Q1 results of India’s largest public sector bank, State Bank of India, is a true reflection of the outcome of consolidation effort manifested so far. But SBI and the banking industry are aware that ills in the system cannot disappear on their own.

Consolidation of entities would be an arithmetical sum of deficiencies. It is a long-drawn-out process to derive the synergy of consolidation and can never manifest in the near term. SBI has already begun the painful process of post-consolidation action. Redeployment of manpower, closure of multiple branches in the same