why government wants to consolidate all private, nationalised banks?

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why government wants to consolidate all private, nationalised banks?

2006-09-30 03:33:15 · 3 answers · asked by Janani B 2 in Business & Finance ➔ Other - Business & Finance

3 answers

Preparing for the competetion with the international giants.

Our own national banks put togather, dont hold any position against internatinal giants. That is why Govt . is thinking and working fast in this direction to amalgumate/ merge just to consolidate against the big players.

2006-09-30 03:48:05 · answer #1 · answered by ♪¢αpη' ε∂ïß♪ ♥♥♥♥♥♥♥♥ 6 · 0⤊ 0⤋

To create a larger entity commensurate with the size of the international banks.

2006-09-30 23:59:54 · answer #2 · answered by cvrk3 4 · 0⤊ 0⤋

Because competition in banking business is increasing day by day both in domestic and international market.Only larger banks have the better chance of survival and growth.

2006-09-30 10:43:10 · answer #3 · answered by Anonymous · 0⤊ 0⤋