A very good morning to all,…
Here we are with our next article based on current news which contains some difficult words, we will highlight and explain those words in order to improve your vocabulary skills and to have a good command on English language section. Hope this will help you with your preparation.
Article : Giving India a global-scale bank
Source : The Hindu Article
The proposed merger of the State Bank of India with its five associate banks and the Bharatiya Mahila Bank is a long-delayed and welcome move on the path to banking consolidation (समेकन), especially among state-owned lenders. SBI’s takeover of its five subsidiaries (सहायक कंपनियों) and the three-year-old niche (आला) provider of banking services for women will, once consummated (समाप्त), vault the merged entity higher up the rankings ladder on the global banking stage. The resultant benefits to the lender and the economy are evident. The increased balance sheet size will enable the bank to obtain better pricing on both internationally sourced funds and domestic deposits, thus helping it lower lending rates and improve profitability. The added branch network and customer base will also help it expand reach and enable the lender to rationalise resources across the board. There are various estimates of the potential cost savings, with one projection putting the possible reduction in cost-to-income ratio at 1 percentage point. The lender’s increased size, in terms of assets, will also give it the requisite muscle to take on new competition from larger banking entities that are likely to be created by consolidation in the banking industry. The Bank Board Bureau has been tasked with overseeing a restructuring among public sector banks in keeping with the government’s aim of reducing the number of state-owned lenders and improving their financial health.
The merger will, however, pose its unique set of challenges. The scale of the task is substantial given the total staff strength. With more than two lakh employees, the parent will add close to one-fifth that number by way of additions posing a huge test in terms of integration of roles, salary, perquisite (रिआयत) and pension structures and, no less importantly, work cultures. Much of the opposition from the bank unions stems from concerns relating to these issues. Customers of the smaller, community or regional market-focussed subsidiaries such as the State Bank of Travancore may be discomfited (डिस्कम्फिट) by having to deal with a larger, more impersonal lender, one where the size of their accounts may be viewed as comparatively marginal. For regulators, the new entity will throw up interesting oversight issues. Already identified by the Reserve Bank of India as the country’s key Domestic Systemically Important Bank, or too big to fail in simple terms, the enlarged SBI’s capital adequacy (पर्याप्तता) norms (मानदण्डों) will climb and may require far more by way of infusion (आसव) of funds than the Centre has committed so far. But such challenges must not be used to undermine the obvious benefits of merger.
Meaning of the words highlighted in the article
1. Consolidation (verb) – make (something) physically stronger or more solid
Synonyms – amalgamation, alliance
Antonyms – disunion, division
Ex: Of these the most original and valuable is the Critical Period volume, a history of the consolidation of the states into a government, and of the formation of the constitution.
2. Subsidiaries(noun)– a company controlled by a holding company
Synonyms – adjunct, affix
Antonyms – base, subtraction
Ex: American Tobacco consolidates only its wholly owned domestic subsidiaries.
3. Niche(noun)– a shallow recess, especially one in a wall to display a statue or other ornament
Synonyms – alcove, hollow
Antonyms – closure, solid
Ex: He never liked being on the hot seat and he’d found his niche with this job.
4. Consummated (verb) – complete (a transaction)
Synonyms – clinch, terminate
Antonyms – commence, neglect
Ex: The merger was consummated with more debt, but it was soon.
5. Perquisite (noun) – a benefit which one enjoys or is entitled to on account of one’s job or position
Synonyms – dividend, gravy
Antonyms – disadvantage, loss
Ex: Most finished off there by satisfying a perquisite on the educational bill.
6. Discomfited (verb) – make (someone) feel uneasy or embarrassed
Synonyms – confound, baffle
Antonyms – encourage, yeild
Ex: And so well did he face it, that at the end of half an hour the wolves drew back discomfited.
7. Adequacy (noun) – the state or quality of being adequate
Synonyms – competence, capacity
Antonyms – inadequacy, insufficiency
Ex: If you want to check the adequacy of green strength, there are equipments.
8. Norms (noun) – something that is usual, typical, or standard
Synonyms –pattern, benchmark
Antonyms – extreme, exception
Ex: Ancient ideas and institutions that were norms in history for millennia, such as legal slavery and second-class status for women, are disappearing at an incredible pace.
9. Infusion (noun) –a drink, remedy, or extract prepared by soaking tea leaves or herbs in liquid
Synonyms –admixture, strain
Ex: Each infusion may also be paired with.
Word of the Day
Recoup
Meaning (English) – regain (something lost or expended)
Meaning (Hindi) – संभलना
Synonyms – Redeem, satisfy
Antonyms – deprive, penalize
Example – While considering the magnitude of the project, the process can be slow and it can take years to recoup initial expenses.
उदाहरण –परियोजना के आकार पर विचार करते हुए, यह प्रक्रिया धीमी हो सकती है और प्रारम्भिक खर्चों को प्राप्त करने में वर्षों का समय लग सकता है।
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