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banking merger
Essay specific features
Written by:
Kathleen P
Date added:
October 10, 2015
Level:
University
Grade:
A
No of pages / words:
4 / 1082
Was viewed:
9325 times
Rating of current essay:
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...
displayed 300 characters
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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...
displayed 300 characters
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