Merging

Only recently we had the merger between the Centurion Bank of Punjab and Lord Krishna Bank, which was followed by a tussle for United Western Bank, which ended in favour of IDBI Bank. The past few days have been more than just mundane for the Indian banking industry. From merging with each other to forming alliances, banks are fighting it tooth and nail to survive. And everybody matters as any move by any bank changes the topography of the industry. Today, the Indian banking sector is buoyant, bustling with confidence and it seems no player is afraid to take big and bold steps in order to stay alive and kicking.

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Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006