Employees of nationalised banks are not professional like private banks. They have more job security than private banks. Merger of bank is good if one bank is running in loss.
Merger has its benefits as it brings more assets which gives morecstability. It also helps in saving costs as many overlapping activities can be clubbed. Regarding service quality please understand that private banks do not cater to the largest section of the society the poor. Public sector banks do. And their services are not so bad for you to protest so much.Also private sector banks also have huge NPAs which if they were eficient they should not have.
The present chief of SBI, Arundhat Bhattacharya, has said earlier that the merger of Associate Banks is not a priority in the present condition.Current challenges far more important than a merger. It's fight for survival for PSBs as the Digital Banking initiatives rolled out by private Banks are giving a tough fight to Government Banks. Hence Arundhati Bhattacharya's version, sounds realistic that current merger of Associate Banks is not a priority at the current juncture,
I think the merger talks are very much on and it is good for the economy and for the banks. All PSU banks take care of the majority population which is poor, lower middle class , middle class and small percentage of upper middle class population. The Private Banks comparatively have a much smaller percentage of customers.In this scenario positive steps taken by the Finance ministry and the Banking institutions will help the overall economy. SBI has introduced all features that private banks have , so for a much smaller balance savings if you can get the same benefits , who would complain ?
Pay no mind to those who talk behind your back, it simply means that you are two steps ahead !!!
The govt. would have considered all aspects while deciding merger of some banks. Some banks are too small and need be merged with some big bank.
G. K. Ajmani Tax consultant
http://gkajmani-mystraythoughts.blogspot.com/
Merger talks are yet to be concluded.. Arundhati Bhattacharys made it clear that the idea of merger is just a proposal. Nothing more than that.
I am not sure from where you get your news feed , probably read some old news feed...But as I said earlier merger is very much on the cards with SBI and Arundati Bhattacharya leading the way, they hope to complete the merger before the end of this financial year if the Central government gives the go ahead
Pay no mind to those who talk behind your back, it simply means that you are two steps ahead !!!
As expected it is bog and opinion of a person and even there he starts off...The mergers of public sectors bank are back on the agenda. And this time it looks real.
There is absolutely no mention of Arundathy Bhattacharya in the entire article, please be factual ..Please go through the link I have provided and you will realise that the merger is on and Arundati Bhattacharya is all for it , waiting for the go ahead from the Central govt
Pay no mind to those who talk behind your back, it simply means that you are two steps ahead !!!
"The current chief Arundhati Bhattacharya has earlier gone on record that the merger of associate banks is not a priority at the current juncture. " Published in Business Today. This is the basis of my post. Business Today's Deputy Editor Anand Adhikari had written it.
Page 1 of 2