Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
Popular Search: TDS :: ACCOUNTING STANDARD :: VAT Audit :: VAT RATES :: cpt :: Central Excise rule to resale the machines to a new company :: list of goods taxed at 4% :: due date for vat payment :: empanelment :: TAX RATES - GOODS TAXABLE @ 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: articles on VAT and GST in India :: ACCOUNTING STANDARDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: form 3cd
« Mergers and Acquisitions »
 In M&A, ratings soft-pedal risks in borrowing binge
 Harvard Business School To Examine Mergers And Acquisitions In New Executive Education Program
 India Inc In Deal-Making Mode; Mergers & Acquisitions Lead The Way
 S&P 500 Futures Rally on Major Mergers and Acquisitions
 The Role Of Brand In Petroleum Mergers And Acquisitions
 Mergers and Acquisitions: What Happens After the Announcement?
 Agency mergers and acquisitions continue to be strong for first-half 2016
 The Intricacies Of Financial And Legal Relationships In M&A
 3 integration considerations for Mergers & Acquisitions
 Mergers and acquisitions take centre-stage as funding for start-ups dries up
 Mergers and Acquisitions reach highest quarterly value in India

RBI Governor: Indian banks should target global acquisitions
December, 04th 2010

Reserve Bank of India Governor Duvvuri Subbarao has revived the debate on global acquisitions by Indian banks, after a two-year hiatus, suggesting that local lenders would be able to pick up some valuable firms from the global financial wreckage.

The governor tempered the likely euphoria, saying that banks should be opportunistic in buying in regions with business potential and at attractive valuations , which would come with associated risk. He neither specified the regions nor valuation parameters.

Notwithstanding the risks involved ... some of our larger banks (should) be looking out for opportunities for consolidation both organically and inorganically, Subbarao said at an annual bankers conference. They should look (at)... regions which hold out a promise of attractive acquisitions. Indian banks should increase their global footprint opportunistically even if they do not get to the top of the league table.

The need for global expansion of Indian banks is necessitated by the rising aspirations of domestic companies to buy up assets as also rising trade with other emerging markets such as Indonesia and African nations.

On treatment of foreign banks in India , he left the door wide open, saying the soon-to-be-released discussion paper would address it, but said mandating incorporation of subsidiaries alone is not necessarily the safest net.
Former Finance Minister P Chidambaram had advocated consolidation among Indian banks and acquisitions overseas, including an audacious bid for the then sinking Citigroup by State Bank of India .

Domestic banks reluctant

Mamy international financial institutions were trading at throwaway valuations during the 2008 credit crisis. But domestic banks have been reluctant either because they do not have the bandwidth to buy, or see better opportunities in the local markets. The domestic banking industry is heavily controlled, unlike in the West where loose regulations nearly collapsed the global financial system because of the mortgage crisis in the US. Indian banks mostly deal with plain vanilla loan products and stay away from exotic derivatives, the main revenue stream for the Western financial companies.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Organic SEO Outsourcing Organic Search Engine Optimization Outsourcing Organic Website SEO Organic SEO India Website SEO India Organic Search Engine Optimization India Organic Internet SEO India Organic Web

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions