Union Bank of India MD Rajkiran Rai said, "We don't forsee any problem with regard to merger. Similar timeline would be there as was in the case of BoB. It could be even faster." SBI Chairman Rajnish Kumar said, "Today's announcements also underline the fact that the government recognizes the importance of a robust banking system in achieving the goal of USD 5 trillion economy as bigger banks will be better armed to meet the credit needs of a fast growing economy like India.