Due to liberalization, financial reforms in India have taken giant strides, particularly in banking. However, the area of strategic banking consolidation still needs attention. Consequently, Indian banks have remained mute spectators to two global mega merger waves that overtook most of the global economy, despite the need for economies of scale and scope that can only come from size, the impending and more stringent Basel 2 regulatory capital norms, the imminent thrust of foreign banks in 2009 into our banking sector in a much bigger way than ever before, the immediate need for size and capital-the list of reasons can go on. And there have been very few strategic mergers on the lines of the HDFC Bank-Times Bank merger that took place in 1999-2000—although many were expected to follow. This book is a sequel to the earlier Bank Mergers: The Global Scenario and is a collector’s item with contributions from financial sector luminaries such as a foreword by Dr. C Rangarajan, and in-depth studies from senior Icfai University faculty, among others.
ABOUT THE AUTHOR Jayshree Bose
Jayshree Bose is a first class postgraduate and National Merit Scholarship holder from Calcutta University. She has had a prolonged career in the Mumbai media circles with national financial dailies such as Business Standard and Financial Express and magazines such as Businessworld. She served there for over 16 years in senior capacities such as Associate Editor and Assistant Editor, and has been a prolific writer on topics related to banking, insurance and the economy, which are her prime areas of interest. During her tenure at Mumbai, some of her articles led to a series of financial sector reforms. She was earlier a consultant with the Institute for Financial Management and Research (IFMR), an ICICI Bank-sponsored Business School and Research Institute at Chennai. She has also written and edited books on banking and finance for KPMG and Jardine Fleming and brought out special issues of the Indian Banks' Association (IBA) Journal on a turnkey basis. Jayshree Bose is now a Faculty Member-Consulting Editor with Icfai Books, a division of the Icfai University Press, where her work involves writing articles and editing books on her special areas of interest such as banking, insurance, the economy and business strategy. She is also a regular contributor to professional magazines on insurance and banking.
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