Merger of banks: This is the best combination possible, says Vijaya Bank MD

The existing employees will not be affected by the merger, said d Vijaya Bank's Managing Director and Chief Executive Officer R A Sankara Narayanan

Bengaluru-based Vijaya Bank’s Managing Director and Chief Executive Officer R A Sankara Narayanan said these three banks were the best possible combination for an amalgamation. In an interview with Anup Roy, he said the existing employees will not be affected. Edited excerpts:

What is the ramification of this merger for the sector? Is it going to do any good for the industry and the three banks?

Definitely yes! There are various factors at play here. The combined entity gets presence, balance sheet size, brand equity, and it will have lower non-performing asset (NPA) ratio than the average. It will have