Saloni

Are depose Mergers in India entering a immature Era?: India Knowledge@Wharton (http://knowledge.wharton.upenn.edu/india/article.cfm?articleid=4268) Are Bank Mergers in India Entering a New Era? Are Bank Mergers in India Entering a New Era? Published : meet 06, 2008 in India Knowledge@Wharton This is a single/personal determination copy of India Knowledge@Wharton. For multiple copies, custom reprints, e-prints, posters or plaques, entertain contact PARS International: reprints@parsintl.com P. (212) 221-9595 x407. Bank unions in India have oft been viewed as shotgun marriages: A strong bank takes over a weaker institution -- usually one that is about to go belly-up -- at the behest of the countrys central banker, the Reserve Bank of India ( rbi). Sometimes the deal doesnt make sense, but regulators force it through. The merger of banks in India is typically driven by regulatory factors, says robin redbreast Roy, associate director, financial services, PricewaterhouseCoopers (PwC). But, in a socialistic environment, depositors -- and employee jobs -- pack to be protected. Populism wins over pragmatism. It was a surprise, then, when a merger was announced in February between HDFC Bank and Centurion Bank of Punjab (CBoP). Both banks ar healthy, says Aditya Puri, managing director of HDFC Bank.

It is a merger of strength. Adds Prakash P. Mallya, chairman and managing director of the national sector Vijaya Bank: I see the merger of twain strong banks as a very healthy trend. call for the two institutions that are coming together. HDFC Bank was incorporated in August 1994; Centurion in June of the same year. Both are bracing generation private sector banks licensed by the RBI in the post-liberalization phase. HDFC Bank has an asset size of Rs. 131,439 crore ($33 billion) as of the third quarter of 2007-08, 1,100 branches and 21,477 employees. CBoPs equivalent figures are Rs. 25,404 crore ($6.3 billion), 390 branches and 7,500 employees. HDFC Bank has punter asset quality with net... If you want to get a undecomposed essay, order it on our website: Orderessay

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