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Whether it's a time to merge all banks in to 3 or5 big Banks to make our Banking structure better competitiveto foreign banks

Created by : kishorekumar shantilal shah., Branch Manager/Regional Manager, retiree  | 12 04 2010 20:20:13 +0000
Keywords : whether it's a time to merge all banks in to 3 or5 big banks to make our banking structure better competitiveto foreign banks
Activity:  247 views;  last activity : 04 14 2011 07:08:46 +0000
 
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yes-definately Vs No it should not.
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Yes there are chances to have a better banking structure. But I don't think that would happen because most of the banks which does better are private banks so merging will be very difficult. If the public sector banks can acquire them them we can see some change....
By Latha Baskar, Accounts Manager, L & T Infotech  12 06 2010 13:45:38 +0000
 
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I understand that the Govt is planning to merge smaller banks into larger banks (not more than 10 banks in India). We find Bank Streets where several banks function. If the Govt's decision takes place they can cut costs and provide better service. But will the employee unions agree ? is a big question mark.
By Suryanarayan Murthy, Asst Vice President (Corporate Finance), A Hydro Power Project  | 04 14 2011 07:08:45 +0000
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Eko India Financial Services Private Limited provides Eko, a technology solution for banks to offer mobile banking services in India. Its solution provides peer-to-peer money transfers, cash deposits and withdrawal, wage and salary payments, micro-insurance, and micro-credit functionalities to individuals by dialing numbers on a mobile handset at various customer service points, including kirana stores, grocer shops, petrol pumps, and PCOs. The company�s solution enables banks to provide banking facilities to urban, rural, and far flung areas, as well as to people who are unbanked section of the population. Eko India Financial Services Private Limited was founded in 2007 and is based in New Delhi, India
By Harender Singh, Marketing Manager, Eko India Financial Services  | 04 14 2011 06:06:12 +0000
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yes ,the 2-3 banks should merge , as they can get more customer base, more funds and have more oppurtunity to to fight together for big piece of market share rather fightin among themselves.
By Kanika Dalmia, M.B.A student , Regional college of management , Bhubaneshwar  | 12 06 2010 13:58:05 +0000
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Instead of so many banks 3 to 5 big banks creation by way of Merger will definately make indians bank's compability more powerful.
By kishorekumar shantilal shah., Branch Manager/Regional Manager, retiree  | 12 04 2010 20:20:13 +0000
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In a perfectly competitive market there is no room for cartels, by merging multiple banks though it will give a strong cost benefit to the banks and operations will be streamlined further, the power of cartel will be created which can be detrimental for the interests of bank customers. Foreign banks will find it extremely challenging to establish the branch network in our country without entering into a strategic partnership with a native bank or a M&A which is currently govt regulated so they might take sometime to strengthen their footprint in the indian banking industry space within that time the indian banks should grow their core competences further and build a robust customer base
By Niraj S Kakkad, Manager - Investments  | 12 07 2010 04:47:00 +0000
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The experience of merging New Bank of India with PNB was bad, then the take over of GTB by OBC and circumstances of take over etc r fresh in mind.  Both are not very good experiences.  Merger should have been contemplated at the time of Nationalisation of Banks in the first stage but it was not done.  The Bigger the Banks become the shocks will also be bigger as can be seen from US experience. Our Banks are strong will remain stronger as long as they grow up in the competition.
By kanukurthy sudershanrao, Operations Manager, Andhra Bank  | 12 06 2010 15:26:48 +0000
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Hi Latha, I would disagree on this, If this happens then there will be no scope of competitiveness. With Different banks you have competition. with 4 to 5 banks there will be Monoply and the bansk will start ruling us like the big Corporates.
By Jaspal Sawhney, Business Development Executive, GeBBS Healthcare Solutions  | 12 06 2010 13:51:00 +0000
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