Wal-Mart of Banking

By Ramesh Akkineni

"Globally, while many mergers have not created shareholder value, every large player operating today has grown through acquisition.
In fact, every large bank in the world is big because it has acquired repeatedly and integrated well. Today, these banking titans dominate the financial services landscape."-- from a article in Business Standard

A Wal-Mart or Costco of Banking is necessary and possible. One that provides the most important services of banking with an extremely low price. This can be achieved by focusing on the cost elements and reducing or eliminating them using technology and innovation. It must have a cost saving culture built into it, exactly opposite of most of the present banking companies. It can be both very large and also create shareholder value.

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