The Indian government’s sudden and far-reaching decision to merge three state-owned banks without consulting the stakeholders has sent shockwaves in the crisis-ridden banking sector, triggering fears of loss of jobs and brand identity.
Dena Bank’s non-performing assets are the highest. (Supplied)
Business consultant Dhimant Bhatt says merger will improve banks’ efficiency. (Supplied)
According to accountant Jitendra Prajapati amalgamation will cut operating costs. (Supplied)
Banker Dilip Mundhva feels that fewer banks would ensure better supervision. (Supplied)
Vijaya Bank may have to close some branches. (Supplied)