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Balancing tradition and new systems key for old, traditional banks: Experts

These banks need to understand their limitations and balance tradition with new age banking systems, they say

Indian banking system | Lakshmi Vilas Bank | Dhanlaxmi Bank

T E Narasimhan  |  Chennai 

All of a sudden, few old generation private sector banks are hitting the national headlines. Tamilnad Mercantile Bank (TMB), Lakshmi Vilas Bank (LVB) and now Dhanlaxmi Bank – all these small private sector lenders of very long standing have come into focus for all the wrong reasons.

But there are banks in the same league which are doing well. For example CSB (formely Catholic Syrian Bank), City Union Bank, Karur Vysya Bank, Karnataka Bank, Federal Bank, South Indian Bank among others which were also founded by one set of community but over the years they managed to break the ...

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First Published: Sat, October 10 2020. 08:04 IST