...........The two biggest challenges it can face in its endeavour are technology and human resources management. Bank employees and their unions fear there might be cultural issues when two banks are brought together and overlapping branches would have to be closed down, leading to large-scale job losses. Employees of small banks fear they might not be treated favourably under the new management and could be asked to take transfers or forgo promotions. Though salaries and perks among state-run banks have seen some harmonisation over the past few years, some variations can still be found among different banks. Finding the right job for top management of small banks in the merged entity is also an issue. “Consolidation will affect the nation, customers as well as bank employees. They are talking about benefit of scale but two plus two is not four always...............
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