........he foresight and timely action of the RBI and Government of India ensured its merger with Punjab National Bank. Few other problem resolutions and strategic consolidations have taken place in the banking sector amongst about 35 mergers and acquisitions in India, post 1990 economic reforms. However few failures of Cooperative banks could not escape the ultimate closure. This brings into focus well-timed discussions within the Reserve Bank of India, drawing lessons from the causes and factors of domestic and international failures and the complexities of globalisation. A view is gaining ground that the RBI needs to strictly control certain risky tendencies of few banks in the country to minimise shocking surprises as happened in USA,UK and elsewhere. ........
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