THE BUSINESS AGE

Abstracts vol 6 issue 1

Article: 1

“SOCIO-DEMOGRAPHIC PROFILE OF YOUTH STUDYING IN SELECTED COMMERCE COLLEGES OF PUNJAB”

By: Ms. Anuradha Sangar| Dr. Pawan Burad

ABSTRACT

India’s economic development relies heavily on savings and investments. People’s savings are given to potential investors who produce goods and services by financial institutions and banks. They function as liaisons between investors and savers. As a result, any economy’s growth in saving and investment drives banking development. Beyond the routine business of taking deposits and lending to various segments of society, banks now serve a wider audience. A self-administered survey was used for data collection. The research was carried out in two distinct districts of Punjab—GURDASPUR, and JALANDHAR—at two distinct commerce colleges. The sample for this study consists of young adults between the ages of 18 and 25 who are enrolled in postsecondary education in the commerce field. A sample of 100 young people from commerce colleges in the cities of Jalandhar and Gurdaspur was chosen. The result reveals that the majority of respondents i.e. 77(77%) were between 18 to 21 years old majority 54 (54%) of the respondents were females. The majority of the respondents were 82 (82%) graduates and earning between Rs. 200001 to Rs. 1000000. The majority of respondents, 94 (94%) receive an allowance from their siblings. The majority 88 (88%) of the respondents are financially dependent.

KEYWORDS:  Economic, liaisons, financial, investments.

Article: 2

 “PUBLIC SECTOR BANK MERGERS IN INDIA”

By: Mr. Prapanna Lahiri

 

ABSTRACT

In a move to restructure and redefine the country’s banking space, the government of India, in a move to merge 10 Public Sector Banks (PSBs) to form 4 larger banks. For the banking system to follow global guidelines of Basel III norms mergers would enable banks to compete globally. Today no Indian bank counts among G-SIBs (Globally Systemically Important Banks). Bank mergers help in bailing out the weaker banks and protecting the customers’ interest. Greater operational efficiency with adoption of improved technology will reduce cost of lending. Unhealthy impact of the weaker banks might hinder operations of the stronger bank. The decision of PSB mergers have been taken by the government with pious intentions. But success or otherwise of the move largely depends on political, economic, social and technological considerations.

Key Words: Public Sector, banking, bank mergers.