Merger Season For Private Banks

Action on the new private sector bank front is expected to heat up before the current financial year is out. If market sources are to be believed, HDFC Bank, which took over TimesBank a few years ago, is once again on the prowl. It has reportedly set its eyes on IDBI Bank as well as UTI Bank.

Centurion Bank too is inching towards the final stages of finding a White Knight. Former Standard Chartered Bank