merger of sick banks in comparative good working banks will spoil them too.nothing in gain,all will loose loosing

Please ensure that there is no retrenchment and closing of branches.

Ideology of merger is just not transparent. Hence better the opinion from the people may be invited. Feedback received may be analysed scientifically which may lead to better results

What will happen to customers who hv fixed deposits or accounts in these banks

This is Good technic.

A viable proposal by the Government. The merger/Consolidation plan appears to be good and implemented with after taking the views/Recommendations as under:=

a. The Economics by indepedent Financial Advisers and Consultants.
b. ALL Bankersprivate and PSBs .AND RBI .
c. Customers of the banks , this can be obtained by net/digital means and by letters.
d. Govt must discuss in both LS AND RS , and,
e. All the above actions MUST be ina TRANSPARENT MANNER to all.

Everybody is aware about the behaviors of Employees of Public Banks (like SBI, PNB, Allahabad etc).
Public Banks are not able to provide Proper Service to Customer.

It will be very difficult to manage Large Banks like SBI.

So, the citizens can expect a series of protest against consolidation by PSU before it comes to reality.
Muralidaran S
Chennai 78

no comments go with the flow ……….. comments will remain here in comment box ….. jo hoga hoker rehega …..
saindrajith

This is just an economic cycle. Now there are mergers and after thirty years there will be demergers. All the banks proposed to be merged are big and a giant is being proposed. It will become unwieldy and create confusion and disgruntled work force. The staff of merging banks always get step motherly treatment creating conflicts. Instead of improving the work culture of the banks individually, simple mergers will only encourage collective bad culture and inefficiency. Only consolation to the inefficient hands is that they will have a reason to excuse themselves: “these are hiccups due to merger of different banks which had different systems in the past. Instead of merging the bank, create a banking service and have provision to transfer employees from any bank to any bank and promotions be given on the basis of performance.

This is just an economic cycle. Now there are mergers and after thirty years there will be demergers. All the banks proposed to be merged are big and a giant is being proposed. It will become unwieldy and create confusion and disgruntled work force. The staff of merging banks always get step motherly treatment creating conflicts. Instead of improving the work culture of the banks individually, simple mergers will only encourage collective bad culture and inefficiency. Only consolation to the inefficient hands is that they will have a reason to excuse themselves: “these are hiccups due to merger of different banks which had different systems in the past. Instead of merging the bank, create a banking service and have provision to transfer employees from any bank to any bank and promotions be given on the basis of performance.

I request to Reserve Bank of India to make a condition that each branch office must earn profit. Otherwise particular branch must be closed.

Govt should merge a few banks initially & study it as a model to be professionally cultured and a profit making entity. The banks top executives , public response and acceptance would also be known as it differs from folk to folk and states. Many executives when lose their status as of their parent bank do not relish it in one go which speaks on their business. One model when proves to be efficient , customer friendly & successful it can be implemented widely in phases.
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What will happen to the FDs kept in the loss making nationalized banks after consolidation?

The idea of reducing the number of state-owned banks(21 in number) by merging them to create handful of large-sized banks was in the news for not less than since 5 years itself, while it has taken momentum in the present regime with periodic fine tuning and still, if I am not mistaken, it has not emerged with its final shape. It is really a welcome move, while considering the fact that the finance ministry is encouraged by the success of recent SBI MERGER and is keen to finish this task as early as possible. While 13 state-owned banks reported losses during the 2015-2016 financial year and 9 out of 21 again reported losses for the financial year 2016-17, this was informed to parliament with facts and figures recently as reported by you right above, which confirms that majority of the state run banks are in red, so when they(weak banks) are merged with so called healthy banks, their health also starts getting deteriorated, so what the best can be suggested is merge healthy banks(11 to 12 in number) or re-group them into 3-4 global-sized banks like the size of SBI which is the country’s largest lender. All the loss making banks (9 to10 in number) may be given some more time to recover their bad advances and come out from the red, later they may be amalgamated into fewer entities. Such banks may even be offered to be run by large industrial houses or well run private banks viz; ICICI BANK,HDFC BANK,AXIS BANK,YES BANK ,KOTAK MAHINDRA BANK or even old generation strong private banks like Karnataka Bank or Federal Bank. This means privatization, large section of the people may not like this idea, particularly employees and pensioners of the so called state-owned banks , so this move requires utmost care to avoid job loss or financial losses to its employees and pensioners respectively.

The above idea is suggested(privatization)drawing parallel with RS.40,000 Crore or more loss making AIR INDIA issue,wherein healthy Private Airlines like INDIGO has come forward to run the loss ridden AIR INDIA(minus FINANCIAL BURDEN).

You have also mentioned that some region-centric banks like Punjab and Sind Bank & Andhra Bank will continue as independent entities, whereas, it is also shown in your report that these 2 banks will merge with Bank of Baroda and Bank of India respectively. A clarification is suggested.

I suggest you to Allahabad bank merger with bank of baroda

Everyone must understand that this is a sign of the coming global financial collapse. These banks are broke. Get your money out and keep it in your mattress. It will be worse than the 2007-2008 financial crisis.

It is a good drive that Govt wants to merge a group of banks together and naturally their size will be big as SBI.Attentions to be given on following points:
1.Their service to the customer should not be like SBI.To me SBI gives the worst service among other Govt banks specially in eastern zone.
2.They may be under a holding bank but performance of each branch office should be monitored and the promotions(officers and staffs) should be given on their performance.
3.Most of the customer care executives of Govt banks are useless,they should be made capable like ICICI,YES,KOTAK,BANDHAN etc
4.Officers having negative attitude be asked to avail VRS.

It is a good drive that Govt wants to merge a group of banks together and naturally their size will be big as SBI.Attentions to be given on following points:
1.Their service to the customer should not be like SBI.To me SBI gives the worst service among other Govt banks specially in eastern zone.
2.They may be under a holding bank but performance of each branch office should be monitored and the promotions(officers and staffs) should be given on their performance.
3.Most of the customer care executives of Govt banks are useless,they should be made capable like ICICI,YES,KOTAK,BANDHAN etc
4.Officers having negative attitude be asked to avail VRS.

5 Banks are left untouched. Which Banks are merging with Punjab National Bank? You have Allahabad Bank, Corporation Bank, Indian Bank, Oriental Bank of Commerce, left.

It is a good drive that Govt wants to merge a group of banks together and naturally their size will be big as SBI.Attentions to be given on following points:
1.Their service to the customer should not be like SBI.To me SBI gives the worst service among other Govt banks specially in eastern zone.
2.They may be under a holding bank but performance of each branch office should be monitored and the promotions(officers and staffs) should be given on their performance.
3.Most of the customer care executives of Govt banks are useless,they should be made capable like ICICI,YES,KOTAK,BANDHAN etc
4.Officers having negative attitude be asked to avail VRS.
Thanks

Better decision but sure the behaviour of the PSU bank officials which is very worst like union bank ,Punjab national Bank, canara bank and other banks

Government should plan at the earliest to recover the loses from defaulters not from public.
Team of officials governing these banks shall be penalised for such huge waste of money.
The details related to these audits should be transparent and time limited.

Basantpur pirpainti Bhagalpur Bihar pin no 813209

What about Bandhan Banks??

Now banks will provide more worst services… First only BOB and SBI will not provide services… Now all banks will do the same as worst service… General people’s difficulty will more increase… Is their any provision required on employee who are not serving to customers?

Govt.. has to take action against employees and bank who is not provide services and increase hurdles of common people….

Merging of United bank with Bank of Baroda may not be a good idea. It will pull down the strength of BOB

Premerger with SBI the SBM service was excellent. After merger and transfer of staff members the service is very bad due to shortage of staff .

In addition to the above views/Recommendations include sub para (f) as given below:-

( f ) The implementation agency and The Governor RBI M that MUST bear in mind
True Impartiality, True Fairness, Honesty and Sincerity.

This is long overdue as the recommendations for this are at least 25 years old. Successive govts did not do anything. At least this gov’t. want to start something. There will always be protest and those people who are all short sighted with deep vested interests had done nothing all these years to stop the slide and in the name of peoples welfare they are thriving personally.The government should immediately start the process of consolidation
As for deposits are concerned they are safe and RBi is very much vigilant.

Allahabad Bank merged in which bank?

It will be costlier to borrowers since they will have to execute fresh documents with the bank in which their existing bank is being merged.

India has adopted mixed economy , in which competition is prevailed towards services provided to the industries, commerce and the individuals as well. in reducing the banks, the competition towards services will also be reduced and efficiency of the banks will go down.

I hope the shareholders interest will be safe guarded in this process.

Make govt banks more customers friendly and staff should young and dynamic

The merger of poor performing Banks with reasonable good performing Banks may pull down the efficiency of those Banks also. The reasons for poor performance should be analysed especially non collections of loans by very big defaulters and suitable action taken to recover bad debts.

What will happen to Orient Bank of Commerce?

The most important thing is to project post merger
BALANCE. SHEET. AND PnL ac
of all merged banks before merging
so that fundamental viability of merger is known.

Very good start

The larger the size, the poor its effectiveness with regard admn, customer service, profits etc.
The initial confusion in admn itself will spoil the working atmosphere.

IT IS UNDERSTOOD THAT NOTHING CAN DONE BY PROTST. WHAT THE THINK TANK SUCH RBI & CENTRE WILL DO IT WILL BE DONE WITHOUT BOTHERING LOWER, MEDILE CLASS PEOPLE WHO ARE DEPEND ON INTREST ON FD AND PENSION. THIS WILL ONLY HELP UNCRUPULOUS BUSINESSMAN (PRIVITISATION) AND POLITICIAN TO GRAB ALL WEALTH IN BELLY BY KILLING CRORES OF CITIZEN WHO ARE HELPLESS. THEREFORE SOMTHING WILL HAPPEN FROM LORD ALMOGHTY TO COLLAPSE THE SYSTEM.

Fixed Deposit Insured Amount also should increase from Rs. 1.00 lac to Rs. 5.00 Lacs. Quantity of Private Sector Bank also to be limited to two or three banks

Good mood to curb corruption and black money/deposits by the govt. For the time being there will be slight difficulty but later on it will be good for nation all. But merger to which bank is going on matters first. Anyway it is commendable.

Like One Esteemed Reader mentioned, In this present regime of the Govt., leave the future of the Banking system to the MERCY AND WILL OF LORD ALMIGHTY ABOVE US !!!!!!!!!

merger is fine. but what benefits on Bank Charges will be given to the Citizens … as many branches / atm may be closed which will reduce the rent exp. and administration cost will also be reduced.

Let the public decide. The performance of the bug banks is a big zeronot only in terms of realising bad debts but also the customer service. Go to any big bank be it SBI. PNB DENA etc you will find unhappy and dissatisfied customers only. The rude behaviour if the staff towards senior citizens is unbeleivable.Not a single bank officer is willing to help the customers. Clubbing the banks will further deteriorate the services. Accountability should be fixed; responsibility should be encouraged. Clubbing bad banks with good ones is giving a premium to inefficiency.

We all must appreciate what ever is in planning / action of present Modi Government because he is blessed by strong power on the earth. All existing Public Sector bank name shall be now in History and coming generation shall learn new ideas in their life. We all must accept it with pleasure.

I live in a society complex as a widow. We have UCO bank since1986. Willit be merged with some other bank & will that bank shift to our complex or what???? Our complex is full of 70 plus widows & widowers who can not operate their banking outside. Please clarify. We are much worried for our money, lockers etc

GOVERMENT THINKS POSITIVE TAKE CARE ALL CONCERN IT IS GOOD DECESION JAY HIND

What about people retired pensioners who are drawing pension from Govt.
in these banks. News regarding Corporation Bank yesterday that it has reported Insolvency. Will have what effect on monthly pension, deposits and fixed deposits in Corporation Bank?

Good idea but difficult to implement. Organized employees of Bank & vested interest of Bureaucrats who are in
senior position in bank on the post of chairman, directors General managers at zonal levels may not support the scheme of amalgamation . Opposition political parties will also not favor amalgamation Strong leadership with
backing in parliament/Assembly is needed. There are very few persons who have national interest.
This is experienced mostly in political field & even in caste system backward class etc. . Card for secularism may
be utilized to thwart the scheme. SBI faced all kind of difficulties in merger.I have no clarity even now about problems which remains to be solved.
I have doubt about the present Govt. which has authority in most of the states but opposition ruled states make
hue & cry even on minor matters.

P.R.merchant
Khira Nagar
Santactruz(w) Mumbai 54

From Business Point of View it is good for the Government. Why the same owner with same objects have different Units.
Because of this Controlling will be easy, but employment will be affected.

More important is to give free hand to bankers to do core activity of banking. They should not be forced to venture into areas unknown to them like insurance, sale of gold, distribution of pension, scholarship and subsidies. Any benefit to ultimate beneficiaries SB account is not a bad proposition but it should be viewed as extension of banking facility only and appropriate additional staff to be provided.
More staff to be dedicated to advances segment and transfer of staff under the pretext of churning, specially those involved in sanctioning & recovery of advances must be restricted to lingual area at least up to Grade/Scale V and time wise not before 3 to 4 years giving them sufficient space to understand business trends/traditions and clienteles of that particular area.
Any LOAN waiver to be made good by budgetary support of DOUBLE the amount to take care of good borrowers turning bad.
All Political Appointments in Banking sector to be seen as Financial Crime.

NETTIATU O ABRAHAM July 25, 20176:19 am

A viable proposal by the Government. The merger/Consolidation plan appears to be good and implemented with after taking the views/Recommendations as under:=

a. The Economists independent Financial Advisers and Consultants.
b. ALL Bankers private and PSBs .AND RBI .
c. Customers of the banks , this can be obtained by net/digital means and by letters.
d. Govt must discuss in both LS AND RS , and,
e. All the above actions MUST be ina TRANSPARENT MANNER to all.

( f ) The implementation agency and The Governor RBI M that MUST bear in mind
True Impartiality, True Fairness, Honesty and Sincerity.

HAVING Retired as a Nationalised Bank employee, I would suggest that all the names of the Banks be changed into NATIONAL BANK OF INDIA 1, NATIONAL BANK OF INDIA 2 AND NATIONAL BANK OF INDIA 3 AND SO ON LIKE INDIA POST, IN ONE STROKE so that no one grudges about becoming Inferior or Superior Bank Employee. Whatever went wrong with the Banks is not because of the employees but because of Mismanagement.

What about PNB and Allahabad bank merger

It is to some extent good as the bad loan of one bank would also get merged .There are some other concerns about the service by the bank’s to common people .The rate of interest is going down day by day ,pension of old people has been almost in hault.It is a matter of concern that if Goverment has been able to retrieve huge amount of black money so where are these money going?Who is the their of digesting this money Mr Jaitley ? The merging of bank will break the backbone of the financial system.The three tier system of nations finance will be throttled .The competitive market for the customers would come to an end where the private banks would get the opportunity to demoralise and antagonize the business of public sector banks

Strategy is good…
Execution plan should have been anchored with people on ground

Licences to open new banks have been given in recent past. There should be holistic view to the problem than piecemeal approach.
What is required is structural improvement mainly in loan sanctioning pattern and continuous monitoring. Collective responsibilities of authorities should be dealt accordingly and not by hunting for a scapegoat.

What about regional banks

The government does not want to get the money back from the industrialists instead the banks are arm twisted to give out more money as loans which are never repaid. This creates Non Performing Assests (NPA) which are making banks insolvent or bankrupt. The demonitisation was first step to take out money from common mans pockets and put in bank, second step was lowering interests so that industrialists can take more money at cheaper rates and third by merging the banks the bad loans are diluted with well performer banks having less NPA. But not for one second government wants to take legal steps to get back the loan money. So Vijay Mallaya is just a small fish here. Stupid people are after the attitude of bank employees and in order to see them in distress forget that their heads are on the swords as well.

What happens to Andhra bank

What about pvt banks whether it is hidden agenda to promote pvt sector banks

What about OBC ?

It is required very much to have more control on financial transactions. All these years the corporate sectors/private sectors are appointing retired bank director by paying huge salaries who in turn will guide the comanies to take huge loans without proper documents. Some of the banks they donot even check the documents on which the loans are sanctioned. Some of the corporate sectors are taking loans on one single propert from different banks with the same documents. The said retired bank directors are also involved in such scams by bribing the the working directors/ officials of the bank. These Sectors never repay the bank loans. In view of these scams, the rate of interest for example senior citizen get 13.30% during 2011 on fixed deposits under senior citizen category and now that is being reduced to 8.30% as on date. This is because to cover their loss from the defaulters…

Merger of Banks is not the solution to control losses; the profit making bank will be flooded with loss making banks which will effect more on the moral of the staff of the profit making bank and also image will be bad in the eyes of the Bank. The Government is only interested to form global bank and to capture its name in the history of Banks but not going in look in to the root causes for the losses. Recently 12 corporate were name of large over dues but there appears to be no speedy action. If speedy action is not possible through courts and other agencies, the Government to form immediate committees from the root level to national level i.e.mandal/tehsil level, district level and state level and there committees to report on weekly to national committee. These committees to have eminent,bankers/Govt. retired officials/legal officials etc with full powers of judiciary and their action cannot to be challenged in any court of laws. This will have effect on morals of the defaulters and will come forward to clear their dues. If defaulters come forward to clear their dues, some concessions/relaxations by decrease in rate of interest or charging only simple interest etc. The Government and the RBI to take immediate action with out further delay.

what about F.D. ????? and rate of Interest ????

what about F.D. AND Rate of Interest ???

IT IS GOOD DECISION SOME PROBLEM WILL CAME OUT BUT NOT COUNT THAT

After the merger of State Bank with its subsidiaries the outcome will take at least 5 years to realise the actual effect of the merger. For the present it seems that the prime concern of any banks i.e., NPA ‘s are going up as the days are passing. Before the merger the NPA’s were higher and after the merger it is skyrocketed. Before taking any decision on merger think hundred times.

Competition in the Banking sector will be reduced. Customer service will be disturbed. Employment chances will be lesser.

Whosoever took this decision of merger msy be having just one goal in mind i.e., to put Indian bank as one of the top 50 banks globally. For them profitability took back seat. The main tool with the Management which is Accountibility seems to be missing from their dictionary. If proper care was taken by the Management the number of NPA’s would have come down drastically thereby increasing profitability of the bank. At present tbis word accountability comes last in the list of priorities.

DOES THIS MERGER HAVE IMPACT ON THE TRUST/ INSTITUTIONAL DEPOSITS? CAN THIS DEPOSITS ARE TRANSFERRED TO THE MAIN BANK WITHOUT ANY CHANGE OF THE TERMS ACCEPTED EARLIER?