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: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TDS :: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment :: VAT Audit :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARDS :: ACCOUNTING STANDARD :: articles on VAT and GST in India :: VAT RATES :: Central Excise rule to resale the machines to a new company :: list of goods taxed at 4% :: due date for vat payment :: form 3cd
 
 
« Mergers and Acquisitions »
 Mergers & acquisitions: a lesson in cyber-security complacency and reputational ruin
 Notable Mergers and Acquisitions 12/5: (CNSL)/(FRP) (CX) (FDML)
 What is Triggering the Wave of Mergers & Acquisitions in the Indian Internet Space?
 Oil and gas mergers and acquisitions are finally making a comeback
  Mergers: Commission approves acquisition of St Jude Medical by Abbott Laboratories, subject to conditions
 Mergers and Acquisitions: What’s Happening in the OFS Industry?
 Mergers: Commission approves acquisition of St Jude Medical by Abbott Laboratories, subject to conditions
 Prediction: These 8 Companies Will Get Bought in 2017
 Third Quarter Results Show Continued Strength in Mergers and Acquisitions
 Mergers and Acquisitions Modelling 3 Day Course - 23.03.17 - Research and Markets
 Foiled cross-border mergers and acquisitions

Banks for acquisition
January, 28th 2010

Shortly after market leader, State Bank of India announced its intention to buy small-sized banks in Indonesia, another state-owned lender Union Bank today said it has initiated talks for possible acquisitions in that country.

"We are in preliminary talks to acquire a small size bank in Indonesia... We have shortlisted a few banks there and hope that we will reach a deal," Union Bank of India's chairman and managing director M V Nair told reporters here.

However, given higher valuations of Indonesian banks, Union Bank will have to take a final call on the proposals after completing the due diligence, Nair said.

Early this week, State Bank's deputy managing director Pratip Chaudhuri had said that the bank is eyeing acquisitions in the south-east Asia, particularly in Indonesia bolstered by Indian companies keenness to step up operations there.

As part of expanding operations overseas, Union Bank also has plans to open a representative office in London in the near future, Nair said.

Though the bank was initially evaluating Brazil as a potential market for acquisition, it later decided to focus on Indonesia taking into account the cultural similarities, he said.

"Indonesia and Brazil are high growth economies. But Indonesia, along with high growth phase, has cultural similarities with India," Nair said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
System Testing Solution Manual Software Testing Solutions Automation Software Testing Solutions System Workflow Testing System Manual Testing

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