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Universal Banking
Member rating: No Rating | Words: 15429 | Submitted: Sun Jan 27 2008
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The latest mantra is Universal Banking, which is combination of Commercial & Investment Banking. The concept of U.B. is mainly popular in Germany, USA & UK, Barclays Bank, Chase Manhattan and Citicorp are some of the examples of it. Universal banking is the solution to FIs problems. The merger of ICICI and ICICI bank is probably the largest merger seen in corporate India Industry, which has redefine banking in the highly competitive era of globalization and liberalization Post merger, the new entity- ICICI Bank is the first Universal Bank in India and the second largest commercial bank in the country after SBI. Financial Institutions & Insurance Companies are now merging ahead to capture new business areas and leading towards Universal Banking. INTRODUCTION TO UNIVERSAL BANKING Since the early 1990s, structural and functional changes of profound magnitude came to be witnessed in global banking systems. Large-scale mergers, amalgamations and acquisitions among...
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