Business Standard

Merger will put together banks' strength: Andhra Bank's J Packirisamy

Our capital to risk (weighted) assets ratio, or CRAR, is good, says Andhra Bank MD


Representative Image

Somesh Jha
Andhra Bank Managing Director and Chief Executive Officer J Packirisamy speaks to Somesh Jha on merger with Union Bank and Andhra Bank. Edited excerpts:

How do you see the announcement?

It’s good as the ability to service people and to deploy technology faster will improve. There will be cost rationalisation. We all are operating similar products and serving indian clients so putting together the strength helps.

There is always some skepticism among employees regarding merger...

Nowadays, measures are taken to keep employees in focus and care is taken to see that employees do not feel excluded. In my case, Union Bank of India is

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 31 2019 | 12:24 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to