In the past, the mergers and acquisitions provision in section 54 of the Banking Institutions Act of 1998, as amended fulfilled an important role in preserving the effectiveness of the competitive process by preventing mergers and acquisitions, which may substantially lessen competition in banking sector, while at the same time allowing mergers that do not lessen competition to go ahead.
If this is eventually distributed in a balanced manner to the household sector in the form of a rise in employment and higher wages, it will result in a broad-based increase in purchasing power. Furthermore, this will lay out the foundation for the economy where cultivating new demand is likely to be successful.