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- Title
Banks Mergers in India: Historical Perspective & Strategic Policy Issues.
- Authors
Dhmeja, Nand L.; Hazarika, Deepti Dabas; Dhameja, Manish
- Abstract
Indian banks have a long history and have undergone reorganization arising from the need to strengthen or to be competitive. This study presents the historical perspective of banks mergers in India to make them undertake bigger projects and to be globally competitive. Bank mergers gained momentum after economic reforms and liberalization measures in early nineties. There were mega mergers from 2018 onwards with the objective to increase the global competitiveness and to reduce weaknesses of Indian banks. Issues like rationalization bank branches, ATMs, and nonresidents shareholdings of banks are presented. Besides, internal issues such as banks' performance and governance, strategic policy issues concerning external constraints and including dual regulation, widening compensation differences with private sector banks are discussed.
- Subjects
INDIA; BANK mergers; BRANCH banks; AUTOMATED teller machines; PRIVATE banks; ECONOMIC reform; PRIVATE sector; NONRESIDENTS
- Publication
Indian Journal of Industrial Relations, 2021, Vol 56, Issue 3, p423
- ISSN
0019-5286
- Publication type
Article