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The GTB-UTI merger failure clearly shows that all is not well with the private sectore banks, when they talk much about efficiency and profit. The mergers take place ,when the private banks fail to live upto their image. Those who shout from the top and criticise the public sector and nationalised banks, should understand that all is not well with the private sector banks.
The public sector banks may not be efficient, definitely I dont think they would rig in order to push up the price of shares before the merge. The image of Gelli has taken a beating. The private sector banks instead of concentrating on merger and acquisition, they should first establish their credibility and integrity.
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