6 PSU BANKS AND 3 PRIVATE BANKS OF 'NAVODAY NAVARATNA' SYSTEM WILL COMPETE HARD WORLDWIDE TO CREATE A GLOBAL BRAND NAME !!!

"India is now becoming 
a land of wilful DEFAULTERS; 
and PSU Banks are passing through 
a phase of distress and DISASTERS. 
Even if a strong government cannot 
pass a strong 'Loan Recovery Bill', 
then it is a shame to have 
so many MINISTERS. 
Voters will vote against corruption, but, 
due to callousness of the Indian 
Government, Indian economy will always 
be affected badly by those FRAUDSTERS. 
There is a need 
to form a 
Banking CORPORATION; 
and reduce the number of loss 
making branches for better 
control and CONSOLIDATION. 
Neither there is a need 
for so many BANKS; 
nor is a need to have so many 
top management RANKS. 
To compete in the International markets 
in this age of GLOBALISATION; 
time has come in Indian Banking sector, 
to go for Mergers and ACQUISITIONS; 
based on any PSU Bank's location base, 
customer base and financial POSITIONS. 
After merging of banks, 
each bank will 
have a huge 
capital, advance and NPA BASE; 
and the number of employees per branch 
will increase to provide more improved 
customer services to a huge number of 
customers as per Bank's DATABASE. 
A time will come soon, when to keep 
money in any Bank, a customer has to 
pay a 'Custodian CHARGE'. 
Globally, the message from the Indian 
Banking sector will be, 'We have made 
all of them so LARGE'. 
6 PSU Banks and 3 Private Banks 
in India will make a 
'NAVODAY NAVARATNA' SYSTEM. 
Each and every Bharatiya Bank will 
compete hard worldwide to create 
a global brand NAME."- Arindam Sain