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Sunday, January 21, 2018

From 1991 toal 30 bank merged but no positive result has come see details list

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.noBanks which AcquiredBanks which got MergedYear of Merger
1State Bank of IndiaBharatiya 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
2State Bank of IndiaState Bank of Indore2010
3State Bank of IndiaState Bank of Saurashtra2008
4State Bank of IndiaKashinath State Bank1995
5State Bank of IndiaBank of Cochin1985
6Kotak Mahindra BankING Vysya Bank2014
7ICICI BankBank of Rajasthan merger2010
8ICICI BankSangli Bank2007
9ICICI BankBank of Madura merger2001
10ICICI BankICICI Ltd2001
11HDFC BankCenturion Bank2008
12HDFC BankTimes Bank Ltd2000
13Bank of BarodaSouth Gujarat Local Area Bank Ltd2004
14Bank of BarodaBenares State Bank Ltd2002
15Bank of BarodaBareilly Corporation Bank1998
16Oriental Bank of CommerceGlobal Trust Bank2004
17Oriental Bank of CommerceBari Doab Bank Ltd1997
18Oriental Bank of CommercePunjab Co-operative Bank1997
19Punjab National BankNedungadi Bank Ltd2003
20Punjab National BankNew Bank of India1993
21Indian Overseas BankBharat Overseas Bank merger2007
22Federal BankGanesh Bank of Kurundwad2006
23IDBI BankUnited Western Bank2006
24Bank of IndiaBank of Karad Ltd1994
25Canara BankLakshmi Commercial Bank1985

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