|Posted by Satyajit on November 26, 2009 at 11:31 AM|
Dena, Andhra, and Corporation banks are the most sought after acquisition targets
Dena bank, Andhra Bank and Corporation banks are the favourite acquisition targets among leading public sector banks.
News Report says that, Sources from banking industry said that that Union bank of India, Bank of Baroda and Punjab National Bank were keen on acquiring Corporation Bank while Canara Bank and PNB were interested in acquiring Dena Bank.
Bankers say that the consolidation talks would take long to materialise since they were in preliminary stages. Sources say that the finance Ministry officials are expected to meet CEOs of small and medium sizedpublic sector banks to know their views on consolidation.
The News further says that the large banks did not show any interest in acquiring banks like Bank Of Maharashtra, Central Bank of India and Punjab & Sind bank largely due to union problems faced by the banks. The large banks did not show any inclination in buying banks located on the eastern belt due to fear of resistance from the political front and labour issues (Rupee Times Nov 25, 2009)
Friends, it seems just a matter of time for the change to take place doesn't it..? inevitable?
Tell me what do you think about it..
Until then have a wonderful time.