Harvard Business Publishing features merger of Allahabad Bank, Indian Bank as a case study

This lawsuit survey of Indian Bank’s merger process tin beryllium utilized by module and trainers from assorted concern schools and organisations, globally.

Indian Bank has featured successful the Harvard Business Publishing for its palmy merger with Allahabad Bank. The first-of-its-kind seamless merger of equal-sized Indian banks, with prominence successful the confederate and eastbound regions of the country, has been good recognised and published by Harvard Business Publishing arsenic a lawsuit study.

Curated by Indian School of Business (ISB), this unsocial lawsuit survey titled ‘Merger of Equals: The Amalgamation Story of Indian Bank and Allahabad Bank’ encapsulates the singular travel that Indian Bank embarked connected to successfully execute the amalgamation process.

‘Merger of Equals’ narrates the full integration process, which comprised rigorous strategical readying and execution by Indian Bank, with peculiar absorption connected the challenges faced and their answers found. The merger has made Indian Bank a pan-India lender, with important beingness successful southern, bluish and eastbound parts of the country.

A merchandise by Indian Bank said the amalgamation workout ‘Project Sangam’ entailed a three-pronged attack connected merchandise / process, employee-customer connection and IT integration. The synergy benefits of the merger person started reflecting successful presumption of outgo efficiencies arsenic evidenced successful the diminution successful cost-to-income ratio of the slope (40.86% for QE June 2021). The integration of IT operations and systems person besides resulted successful economies of standard done vendor rationalisation, finer pricing connected AMCs and improved operational efficiencies.

Padmaja Chunduru, MD and CEO of Indian Bank, said, “We are privileged to witnesser our amalgamation process featured successful the starring work of 1 of the astir prestigious institutions of the world. This is simply a grounds to the changeless dedication and sincerity of the full Indian Bank squad which helped execute this strategical merger. We would similar to instrumentality this accidental to convey ISB and Harvard Business Publishing for acknowledging the efforts of Indian Bank.

The merger has fixed Indian Bank a chiseled acquisition of gathering synergies betwixt 2 banks with immense legacies. We anticipation this lawsuit survey volition assistance readers recognize the large representation of this exemplary merger.”
The 2 banks merged efficiently portion addressing the challenges of quality capital, varied cultures and geographic locations.

This lawsuit survey of Indian Bank’s merger process tin beryllium utilized by module and trainers from assorted concern schools and organisations, globally.