Merger and Consolidation of Indian Public Sector Banks.
A recent PTI report, citing an unnamed government official, said the government is working on a consolidation plan for public sector banks, in order to create a three-tier structure that will have.
We have to go through the chapter of merging New Bank of India into PNB. Consolidation and merger of DataBases, sharing of the keys by the service providers, consolidation of old DataBases for old financial and other transactions. There are ma.
Free Essays on Hindi Essay On Banking Sector. Get help with your writing. 1 through 30.
New Delhi: The Union Cabinet on Wednesday approved amalgamation of 10 public sector banks, including Allahabad Bank, Andhra Bank and OBC, to create large four state-owned lenders with effect from 1 April, Finance Minister Nirmala Sitharaman said. These will be in addition to State Bank of India, Bank of Baroda, and Bank of India. Following the consolidation, there will be seven large public.
The number of public sector banks will come down, perhaps to 6 or 7, after the proposed consolidation of banks. This will end the unhealthy and intense competition going on even among public sector banks as of now. While professional competition in the market place is welcome, unhealthy competition leads to many unethical practices and.
Reserve Bank of India’s former governor Raghuram G Rajan has questioned government's move to merge public sector banks. While saying consolidation is not unwarranted, Rajan stressed the government should be clear what purpose would it solve. In an interview to ET, Rajan said bank mergers would be a complex process.
Mergers and consolidation of PSBs will result in creation of few strong banks rather than too many weak banks. Having a strong banking system in a nation boosts its over all growth and hence contribute positively to it. Recently we dodged one issu.