Kotak Mahindra Bank to acquire ING Vysya Bank? - Moneylife

Kotak Mahindra Bank to acquire ING Vysya Bank? - Moneylife

MY VIEW:
Financial sector, in
which banks are major players, is facing several challenges. Private –public sector divide, or
old-new differentiation or even size may not cover up the inadequacy of a
national policy guidance for conduct of business in this sector. Now, problems,
of bad management, of stress arising from weaknesses in regulation and
supervision and most importantly-and this affects public sector banks more-
external pressure are being handled on a crisis management basis as and when
they crop up. There need to be conscious effort from Reserve Bank of India to
address structural and policy issues with a holistic approach viewing the
financial sector as one entity and its health as something which cannot be
compromised for ‘popular’ or ‘business’ interests of government and corporates.
M G Warrier

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