Giving India a global-scale bank – The Hindu (Aug 05, 2016)
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, especially among state-owned lenders. For further reading, visit “The Hindu”.
Word List:
- Merger (noun) – amalgamation, combination, union, incorporation.
- Associate (adjective) – connected with (an organisation).
- Lender (noun) – money lending organisation/person.
- Niche (adjective) – relating to the market which provides specific products, services, etc. to a particular group of people.
- Consummate (verb) – complete, conclude, accomplish; execute.
- Vault (verb) – leap, spring, jump up, bound.
- Balance sheet (noun) – a statement that shows the financial condition of a company at a particular point in time.
- Rationalise (verb) – streamline, make more efficient, reorganize, modernize.
- Requisite (adjective) – necessary, required, essential, needful.
- Muscle (noun) – influence, power, strength, force, potency.
- Consolidation (noun) – the process of consolidating / uniting; union, unification, combination.
- Task with (verb) – assign a task to.
- Oversee (verb) – supervise, inspect, administer, organize, manage.
- Substantial (adjective) – sizeable, considerable, significant, large, ample.
- Parent (noun) – source, origin, genesis, originator; a campony which controls its subsidiaries.
- Subsidiary (noun) – subordinate company, branch, division, subdivision, offshoot.
- Perquisite (noun) – a benefit (perk/bonus/gratuity/reward/extra) someone gets from the job (apart from regular wages/salary).
- Stem from (phrasal verb) – originate from, arise from, come from.
- Discomfit (verb) – embarrass, make uncomfortable, make uneasy, discomfort.
- Impersonal (adjective) – unresponsive, indifferent, unconcerned; anonymous, characterless, unremarkable.
- Comparatively (adverb) – relatively, in comparison, proportionately.
- Oversight (noun) – supervision, control, administration, management.
- Adequacy (noun) – the state or quality of being adequate; sufficiency, ampleness; capacity.
- Norms (noun) – standard, criterion, measure, gauge, benchmark, basis.
- Infusion (noun) – the introduction/addition of something (money) to support/help.
- Undermine (verb) – subvert, weaken, impede, diminish, hinder, damage.
Note:
- Click each one of the words above for their definition, more synonyms, pronunciation, example sentences, phrases, derivatives, origin and etc from http://www.oxforddictionaries.com/ .
- Definitions (elementary level) & Synonyms provided for the words above are my personal work and not that of Oxford University Press.
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