CONSOLDATION IN BANKING SECTOR OF INDIA A DIAGNOSTIC STUDY
Keywords:
sector, productivity, capitalAbstract
The Banking sector in India has been facing severe competition from the banks of different countries of the world during post liberalization period. The Indian banks are more in number and majority of them are very small in size and scale operation in front of the many big banks of foreign countries. The state bank ot India, the biggest bank of India, is less than 10 percent is size in terms of I he total assets of UBS of Switzerland. Barclays of UK and Citigroup of US. Further, the size of loan to the Gross Domestic Products (GDP) of India is also very less as compared some banks of selected countries of the world. The Indian banks are also need to infuse the capital to meet the norms of Basel II by the end of 2010 without diluting the control of the Government ot India. The productivity of employees and recovery of credit in Indian banks has been very low as compared to the foreign banks. The Indian banks are also facing the problems of mounting Non-performing assets. Therefore, there has an urgent need to consolidate the Indian banks to make them highly competitive and to improve the financial performance. The study-has based on the secondary data collected from the web sites, journals, newspapers and books. The main objectives of the study are to examine the trends, need and type of consolidation and to analyze the SWOT of consolidation of banks.
References
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