banking merger

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Issue:

Miscellaneous

 

Written by:

Kathleen P

 

Date added:

October 10, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

4 / 1082

 

Was viewed:

9248 times

 

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Essay content:

For UTI Bank, there was the additional regulatory pressure to bring down its promoters' stake to below 40 percent in keeping with licensing conditions. On the merged bank AK: The new entity will effectively combine the strengths and complementary features of the two banks. It will be strongly capitalised with a networth that will be in excess of Rs 1,000 crore by end-March 2001...
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It will be strongly capitalised with a networth that will be in excess of Rs 1,000 crore by end-March 2001. On synergies AK: The two banks have lot of similarities. They are roughly of the same size, age and have retail presence. Both have a strong technology base with similar technology platforms...
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