Business   

‘Preserve banks with local commitment’

Thrissur: Finance Minister Thomas Isaac has said that banks rooted in the local milieu and committed to local development should be preserved at any cost.

He was addressing a seminar on ‘Future of Private Banks,’ organised by the Bank Employees’ Federation of India, here on Saturday.

“The State should have alternative development strategies.

The merger of State cooperative and district cooperative banks can create the biggest bank in the State. We should draw inspiration from the Jammu and Kashmir Bank, which plays a major role in the development of Jammu and Kashmir,” he said.

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

HSBC buys majority stake in IL&FS arm
Efforts on to start work on Barh, Sipat projects
Jewellery exporters suffer from poor gold supply in South
CBC opens subsidiary
Redington recommends 35 % dividend
Shortage of coins will be addressed: RBI official
‘Preserve banks with local commitment’
Focus on ventures based on technology
Agappe Diagnostics plans diversification

Copyright © 2008, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu