The first of these is: M&A is what characterised my career as a banker – it has thus always been one of my most important topics. The second reason is: consolidation will help to shape the banking sector of the future. Let me begin with this statement: we must think the debate on consolidation further; we must think it anew.
Unfortunately, the sector is yet to capitalize on the huge opportunities offered by previously relatively untapped areas like SMEs, Consumer, and Agriculture segments to enhance avenues for fund deployment. Third, the sector needs to develop and diversify sources of funding for sustainable growth. This would require a shift from the traditional sources such as commercial banks credit lines etc for on lending to clients.