IDBI merges with IDBI Bank

The merger came as no surprise and the ratio was exactly as expected - just enough to allow the govt. to have a majority stake in the combined entity.

Although the events leading to the merger went on rather predictable lines, the outcome had an effect rather difficult to explain. The final nail on the coffin to what could have been one of the finest domestic banks and lead contentender for a global India financial powerhouse was indeed very painful.

and one of the many things it did was to spur my latent desire to blog - thanks to a friend who suggested the idea, and express my views on some issues, which few unlucky surfers may stumble upon.