AT present scenario in banking industry merger is priority agenda of Modi Government.
It is not for the first time that the idea of PSU Banks Merger has gained momentum. In 1991, M. Narasimham (former Reserve Bank of India governor) committee recommended that the actual numbers of public sector banks need to be reduced. There should be only 3 to 4 large banks which be developed as international banks at the top. Then there should be 8 to 10 banks having nationwide presence should concentrate on the national and universal banking services. Local banks should concentrate on region-specific banking. Later, the P.J. Nayak Committee had also recommended that state-run banks should either be merged or privatized.
The merger of SBI Associate Banks with the State Bank of India is the latest occurrence of Public Sector Banks merger in India.
Here is the List of Some Important Banks Merger in India FROM 1991
Even Sbi associate merger fruitful result has not come till yet so why Govt want merger or amalgamation????
S.no | Banks which Acquired | Banks which got Merged | Year of Merger |
---|---|---|---|
1 | State Bank of India | Bharatiya Mahila Bank (BMB) State Bank of Travancore (SBT) State Bank of Bikaner and Jaipur (SBBJ) State Bank of Hyderabad (SBH) State Bank of Mysore (SBM) State Bank of Patiala (SBP) | 2017 |
2 | State Bank of India | State Bank of Indore | 2010 |
3 | State Bank of India | State Bank of Saurashtra | 2008 |
4 | State Bank of India | Kashinath State Bank | 1995 |
5 | State Bank of India | Bank of Cochin | 1985 |
6 | Kotak Mahindra Bank | ING Vysya Bank | 2014 |
7 | ICICI Bank | Bank of Rajasthan merger | 2010 |
8 | ICICI Bank | Sangli Bank | 2007 |
9 | ICICI Bank | Bank of Madura merger | 2001 |
10 | ICICI Bank | ICICI Ltd | 2001 |
11 | HDFC Bank | Centurion Bank | 2008 |
12 | HDFC Bank | Times Bank Ltd | 2000 |
13 | Bank of Baroda | South Gujarat Local Area Bank Ltd | 2004 |
14 | Bank of Baroda | Benares State Bank Ltd | 2002 |
15 | Bank of Baroda | Bareilly Corporation Bank | 1998 |
16 | Oriental Bank of Commerce | Global Trust Bank | 2004 |
17 | Oriental Bank of Commerce | Bari Doab Bank Ltd | 1997 |
18 | Oriental Bank of Commerce | Punjab Co-operative Bank | 1997 |
19 | Punjab National Bank | Nedungadi Bank Ltd | 2003 |
20 | Punjab National Bank | New Bank of India | 1993 |
21 | Indian Overseas Bank | Bharat Overseas Bank merger | 2007 |
22 | Federal Bank | Ganesh Bank of Kurundwad | 2006 |
23 | IDBI Bank | United Western Bank | 2006 |
24 | Bank of India | Bank of Karad Ltd | 1994 |
25 | Canara Bank | Lakshmi Commercial Bank | 1985 |
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