Open AccessConsolidation in the banking industry: HR challenges, consequences and solutions
Author(s) -
T Bayavanda Chinnappa,
N Karunakaran
Publication year - 2021
Publication title -
journal of management research and analysis
Language(s) - English
Resource type - Journals
eISSN - 2394-2770
pISSN - 2394-2762
DOI - 10.18231/j.jmra.2021.030
Subject(s) - deregulation , consolidation (business) , liberalization , globalization , banking industry , mergers and acquisitions , business , market share , momentum (technical analysis) , retail banking , market economy , financial services , financial system , economics , finance
Liberalization and deregulation process started in 1991 has made lot of changes in the banking system. From a totally regulated environment, banking institutions have moved into a market driven competitive system. Changes gained momentum in the last few years. Globalization would gain greater speed in coming years particularly on account of expected opening up of financial services under WTO. Four trends changed the banking industry world over, viz, consolidation of players through mergers and acquisitions, globalization of operations, development of new technology, and universalisation of banking.