This case examine of Indian Financial institution’s merger course of can be utilized by college and trainers from varied enterprise colleges and organisations, globally.

Indian Financial institution has featured within the Harvard Enterprise Publishing for its profitable merger with Allahabad Financial institution. The primary-of-its-kind seamless merger of equal-sized Indian banks, with prominence within the southern and jap areas of the nation, has been nicely recognised and printed by Harvard Enterprise Publishing as a case examine.

Curated by Indian Faculty of Enterprise (ISB), this distinctive case examine titled ‘Merger of Equals: The Amalgamation Story of Indian Financial institution and Allahabad Financial institution’ encapsulates the outstanding journey that Indian Financial institution launched into to efficiently execute the amalgamation course of.

‘Merger of Equals’ narrates your complete integration course of, which comprised rigorous strategic planning and execution by Indian Financial institution, with particular deal with the challenges confronted and their solutions discovered. The merger has made Indian Financial institution a pan-India lender, with vital presence in southern, northern and jap components of the nation.

A launch by Indian Financial institution stated the amalgamation train ‘Undertaking Sangam’ entailed a three-pronged method on product / course of, employee-customer communication and IT integration. The synergy advantages of the merger have began reflecting when it comes to price efficiencies as evidenced within the decline in cost-to-income ratio of the financial institution (40.86{c34e2c9cd63a11c97fab811dbaaefe0cfbb1edd2527888e1a44d36f3491ee811} for QE June 2021). The combination of IT operations and programs have additionally resulted in economies of scale by vendor rationalisation, finer pricing on AMCs and improved operational efficiencies.

Padmaja Chunduru, MD and CEO of Indian Financial institution, stated, “We’re privileged to witness our amalgamation course of featured within the main publication of one of the prestigious establishments of the world. It is a testimony to the fixed dedication and sincerity of your complete Indian Financial institution group which helped obtain this strategic merger. We want to take this chance to thank ISB and Harvard Enterprise Publishing for acknowledging the efforts of Indian Financial institution.

The merger has given Indian Financial institution a definite expertise of constructing synergies between two banks with huge legacies. We hope this case examine will assist readers perceive the massive image of this exemplary merger.”
The 2 banks merged effectively whereas addressing the challenges of human capital, diverse cultures and geographic areas.

This case examine of Indian Financial institution’s merger course of can be utilized by college and trainers from varied enterprise colleges and organisations, globally.

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https://www.financialexpress.com/business/banking-finance/harvard-business-publishing-features-merger-of-allahabad-bank-indian-bank-as-a-case-study/2317036/

Harvard Enterprise Publishing options merger of Allahabad Financial institution, Indian Financial institution as a case examine