INDIAN BANK AND ALLAHABAD BANK WILL MERGE TOGETHER TO BECOME THE 7TH LARGEST PSU BANK OF INDIA NATION !!!

"With effect from 1st April 2020, 
many PSU Banks will start the 
process of AMALGAMATION; 
Indian Bank and Allahabad Bank will 
merge together to become the 
7th largest PSU Bank of India NATION. 
More than 50% of the total branches of 
Allahabad Bank in total are in West Bengal, 
Bihar and Uttar PRADESH; 
more than 50% branches of 
Indian Bank in total are in Kerala, 
Tamil Nadu and Andhra PRADESH. 
In Corporate Loans 
and other credits, 
Allahabad Bank has a 
good market CONCENTRATION; 
so many numbers of Bank Correspondents 
and so many rural branches of Allahabad 
Bank will help the Indian Bank to do 
rapid market PENETRATION. 
Merging of nearby 
branches is a NECESSITY; 
staffs per branch to be increased to 
maintain a good asset QUALITY. 
The number of ATM centres are 
more in Indian Bank and the location 
of almost all its branches are 
having a financial FEASIBILITY; 
in comparison to Indian Bank, the Allahabad 
Bank is having more branches in remote 
rural areas, more or less based on just 
cheaper premises rent AVAILABILITY. 
In terms of IT infrastructure, 
the Indian Bank is much 
developed and ORGANIZED; 
there is no 'Readykit' for savings or current 
account in Allahabad Bank, which is still 
one of the reasons to be CRITICIZED. 
Keeping soft copies 
of CASA and loan documents 
is really a good INITIATIVE; 
but, unless 'CAPC' and 'DAMC' is simplified, 
the motivating factors of all employees will 
always remain NEGATIVE."- Arindam Sain