Public sector banks have got the advantage and opportunity in the changed scenario where liquidity and security matter most. Funding from capital market and private borrowing has dried up and indications of its revival in the next one year are remote.
PUBLIC SECTOR banks can plan to expand and support the economy with reduced competition from the private banks and other financial institutes. This year MNC banks are shying away from management institute’s campus, and many PSU banks are taking advantage of the opportunity to hire talent at a reasonable cost.
These banks are taking the opportunity and growing at a fast pace before the economy revives and private and MNC banks take over the competition again. Union Bank of India wants to concentrate and expand its base among SME customers. It has signed an MoU with IIM Ahmedabad to launch a research programme for six years. The Union Bank has given a fund of Rs 2 crore to research on operation, structure and role of financial institutes. It would also provide training and consulting.
For SME options for arranging finance has become tough. Funding from capital market and private borrowing has dried up and indications of its revival in the next one year are remote.
PUBLIC SECTOR banks can plan to expand and support the economy with reduced competition from the private banks and other financial institutes. This year MNC banks are shying away from management institute’s campus, and many PSU banks are taking advantage of the opportunity to hire talent at a reasonable cost.
These banks are taking the opportunity and growing at a fast pace before the economy revives and private and MNC banks take over the competition again. Union Bank of India wants to concentrate and expand its base among SME customers. It has signed an MoU with IIM Ahmedabad to launch a research programme for six years. The Union Bank has given a fund of Rs 2 crore to research on operation, structure and role of financial institutes. It would also provide training and consulting.
For SME options for arranging finance has become tough. Funding from capital market and private borrowing has dried up and indications of its revival in the next one year are remote.
*source-Merinews
