Banking Sector Reforms Committee
in 1998 itself suggested consolidation of banks –the SBI and Associates into a
big state-owned bank and five or six such big banks through consolidation of
other PSBs, mergers of private banks and even FIs with NBFCs. There were noises
of consolidation in the UPA-1 government too. And now, the Working Group on
mergers and acquisitions set up by the Union Ministry of Finance again called
for a similar action. The major issues
relating to capital, assets and human resources need to be looked at from the
points of view of growth, financial stability and global experiences. Chairman
SBI Arundhati Bhattacharya recently strongly fielded the arguments for large
scale consolidation. Is the Indian financial system ripe for the call?
Showing posts with label Indian banking. Show all posts
Showing posts with label Indian banking. Show all posts
Saturday, October 24, 2015
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