S Ravi thinks that customers have seen that the government has pumped in a lot of money into the banks and they will see that the government is supporting these banks. From a customer viewpoint, you feel safer and even as borrowers, the smaller weaker banks were not extending credit and now that situation will change. At the same time, the powers will be realigned. Hypothetically, a General Manager in Allahabad Bank had the authority of over just Rs 50 crore, now as part of Indian Bank, he or she can manage Rs 200 crore. The decision making will become a lot faster and that should help the small to medium segment of businesses.
In a deeper analysis by S Ravi, the former BSE chairman, he says that the branch consists of 8-12 people and those jobs are going nowhere because the brick and mortar will remain the same. Some banks might have branches next to each other and some realignment might happen, but people will not lose jobs. Also, the skillsets of bankers are changing. There will be a lot of demand for the younger people who are more aware of aspects like digital banking. Also, one has to remember that other than HDFC bank, most of the private sector banks in India have had their challenges. One must not think that it is only the PSU banks that are in trouble.
To Know More : https://www.livemint.com/Money/QxBEGeEAVAbsiBJULUaZnK/BSE-will-focus-on-commodities-in-2018-Chairman-S-Ravi.html
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