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Greet Lakshmi the banking robot A new development bank rising in the east… From lazy banking to easy banking Targets continue to be ad hoc Cradle of banks to a smart city... Growing gainfully Just 660 days! Target over-ambitious... Banking on Risk How ‘secure’ are the secured loans? Grows Bigger Growing volume of stressed assets… Thirty more cities seek to become SMART Why any time money? Aadhaar, niraadhaar and banking Cautious and considerate Lacklustre credit expansion Banking in Telangana Financial inclusion vs unclaimed deposits Cut in repo rate – lower than expected Anytime banking to anywhere banking Mega merger is on Why priority status? Too big to fail and too small to sail All that glitters is not gold... Drop in SLR- sparing lendable resources Another route for achieving financial inclusion Indian customers are tech savvy Small finance banks offer high interest rates Who is the real beneficiary? Ernakulam excels... Small is ‘more’ beautiful Well-lived... Merger mania haunts banks The paradox: clamour for the Goliath and David A bank for women, by women New bank licences, at last... What is the priority – mergers or NPA reduction? Rationalised Good, bad and ugly United India Insurance - Rs 110 crore losses have been claimed till now due to floods in Tamil Nadu New capitals of Migrant banks Perhaps small is more beautiful than big! Two banks: their jubilees and performances Monetary policy continues to adopt dis-inflationary path Stage set for Indian ‘avatar’ of foreign banks Reaching out: is it slowing down? Needed a Banking Atlas Hesitancy in announcing year-end results Emerging crisis Bank deposits account for 46.3 per cent of household savings Capital base of regional rural banks raised Governance in Reverse Gear? Ferrying digital banking to Lakshadweep Big bank merger, bigger expectations LVB- A supermarket of financial services Insatiable appetite for credit A development bank for BRICS How okay are new banks? Payment banks have arrived Drastic decline in asset quality Managing NPAs... Reaching the Unreached… It’s a war on black money, support it. Holy or unholy? Smart banking in smart cities Bottomlines shrink, bad loans rise... Banking overhauling or reorganisation? One down in private sector Small finance payment banks... Nothing much can happen…. Fund healthcare clinics in villages... The collaboration suite of cyber criminals
A development bank for BRICS
Though the idea of forming a separate developmental bank for BRICS countries (Brazil, Russia, India, China and South Africa) was mooted five years ago, it materialised only this July.

The leaders of these five countries met in Brazil and signed an agreement to establish New Deve-lopment Bank, with a subscribed capital of $ 50 billion, equally shared by the five nations. China was able to bargain for the location of the head quarters of the new bank in Shanghai while India got the chairmanship of the Bank for the first six years. The establishment of this bank could change the landscape of international finance, curtailing the domination of the World Bank and IMF. The new bank represents the silently growing influence of BRICS countries, which account for 50 per cent of the world’s population and 20 per cent of global GDP.

At present Indian banks have very little presence in these countries. In Brazil, State Bank of India (SBI) has only a Rep. Office. In Russia, SBI, jointly with Canara Bank, has a fully owned subsidiary bank, besides a fully owned subsidiary of ICICI Bank. In China, SBI has two branches; Bank of Baroda and Bank of India have one each. There is also a branch of Axis Bank Ltd. In South Africa, there are four branches; Bank of Baroda having two and SBI and Bank of India having one each. Consi-dering the size of these countries, the presence of Indian banks is insignificant. As far as the reciprocal situation is concerned, banks from China and Russia alone have entered the Indian banking space. It is necessary that Indian banks formulate a branch expansion programme in these countries in the next couple of years.

The new development bank is expected to play a crucial role in financing the infrastructure projects in the BRICS countries. The power and transport sectors need long-term money. With the support of this bank the member countries could achieve higher rates of economic development.

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