Business Daily from THE HINDU group of publications
Tuesday, Jun 23, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Tuesday, Jun 23, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
|
|
|
|
|
Opinion
-
Letters Merger makes sense This is with reference to SBI board approving the merger of its subsidiary, the State Bank of Indore, with itself. It is obvious that SBI would be keen to merge quickly the remaining six associates with itself especially after the successful merger of another associate, State Bank of Saurashtra, with itself in late 2008. Associates are the ready baked cake for SBI to swallow and gain balance-sheet size and geographical reach. And the fact that they all share a common IT platform, follow similar procedures and systems would make the integration process a relatively easier task. Consolidation is imperative to improve competitiveness of Indian banks. The country today needs small number of bigger banks instead of large number of smaller banks. S. Umashankar Nagpur
More Stories on : Letters | Banking
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
|
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2009, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|