合并风波：旁遮普国家银行被推向十字路口

IF 0.1 Q4 MANAGEMENT

Asian Journal of Management Cases Pub Date : 2023-04-10 DOI:10.1177/09728201221150063

A. Das, A. Sahay

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引用次数: 0

摘要

2019年8月1日至23日，印度财政部长宣布并为10家公共部门银行合并为4家大型公共部门银行扫清了道路。据此，东方商业银行（OBC）并入旁遮普国家银行（PNB）。OBC持有Canara HSBC OBC人寿保险有限公司有限公司（CHOIC）23%的股份，而PNB本身持有PNB MetLife India Insurance Co.有限公司（PMLI）30%的股份（展望，2020）。因此，合并后，PNB拥有两家保险业务。PNB董事总经理兼首席执行官Mallikarjuna Rao先生决定是继续持有Canara HSBC OBC Life Insurance 23%的股份，还是放弃这些股份。他想知道这两家相互竞争的公司对PNB来说是否是个好兆头。他是否应该退出Canara HSBC OBC人寿保险公司，专注于PNB大都会人寿印度保险公司，反之亦然？通过这次处置，他能筹集到多少现金？他应该立即处理还是等待更好的估价？3这些问题在他的脑海里盘旋。他知道，无论他做出什么决定，他的重点都必须放在提高旁遮普国家银行的盈利能力上。

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Merger Woes: Punjab National Bank Pushed to Crossroads

On1 23 August 2019, the Finance Minister of India declared and cleared the way for the merger2 of 10 public sector banks into four large public sector banks (PSBs). In pursuance thereof, the Oriental Bank of Commerce (OBC) merged into Punjab National Bank (PNB). OBC held a 23% stake in Canara HSBC OBC Life Insurance Co. Ltd. (CHOIC), whereas PNB itself held a 30% stake in PNB MetLife India Insurance Co. Ltd. (PMLI) (Outlook, 2020). Thus, post-merger, PNB had two insurance businesses. Mr Mallikarjuna Rao, Managing Director & CEO, PNB, was in a fix on whether to continue with a 23% stake in Canara HSBC OBC Life Insurance or discard them. He wondered whether the two competing businesses would augur well for PNB. Should he not get out of Canara HSBC OBC Life Insurance and concentrate on PNB MetLife India Insurance or vice versa? How much cash could he raise through this disposal? Would it be right for him to dispose immediately or wait for a better valuation?3 These questions were circling in his mind. He knew that whatever decision he took, his focus had to be on improving Punjab National Bank’s profitability.

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来源期刊

Asian Journal of Management Cases MANAGEMENT-

CiteScore

0.70

自引率

0.00%

发文量

期刊介绍： Asian Journal of Management Cases is a peer-reviewed journal that aims at providing high-quality teaching material to academics, consultants, and management developers, through cases on management practices in the socioeconomic context of developing Asian countries. The journal covers all administrative disciplines including accounting and finance, business ethics, production and operations management, entrepreneurship, human resource management, management information systems, marketing, organizational behaviour, strategic management, and managerial economics. Each issue of Asian Journal of Management Cases comprises four to five original case studies. Teaching cases should be accompanied with a Teaching Note (TN). Even though the TN will not be published, it is necessary for the review process and can be obtained by contacting the authors directly. Please refer to the online submission guidelines for details on writing a teaching note. AJMC does not publish pure research or applied research based on field studies (not case studies). The journal is published in March and September every year with thematically focused issues occasionally.