‘Kill’ the bank ‘Bill’

What Bill, the villian, was to Uma Thurman (who finally killed him) in Quentin Tarantino’s Kill Bill, United Western Bank (UWB) seems to be to top Indian banks, with almost every bank ready to decimate and take it over. While the merger of Lord Krishna Bank and Centurion Bank of Punjab has just reached its completion (September 4, 2006), the Indian banking industry is at the midst of another battle for UWB. More and more players are now joining the race to acquire UWB and the fight is getting more intense and fiercer. Even players like Standard Chartered, Citigroup and State Industrial and Investment Corporation of India (SIICOM) have expressed their interest in the bank. As have Allahabad Bank, ICICI Bank, Federal Bank and Andhra Bank! This fight for UWB very well justifies the current state of affairs and the competition between the players to consolidate.

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Source:- IIPM Editorial

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