Investors eye small, old southern private banks

 A few small old private banks are witnessing a flurry of activity in their ownership structure even as the Reserve Bank of India (RBI) is readying to permit a new set of private sector banks into the country’s Rs.75 trillion banking sector. While some of these investments are part of routine financial transactions, certain investments could be part of a larger strategy by financial institutions for possible take-over of smaller banks to gain entry to the banking sector, analysts said. Also, companies that win banking licences will benefit from the branch network of such banks, they said............

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