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Nothing much can happen…. Reaching the Unreached… Who is the real beneficiary? Two banks: their jubilees and performances Payment banks have arrived Ferrying digital banking to Lakshadweep Financial inclusion vs unclaimed deposits Lacklustre credit expansion Needed a Banking Atlas Greet Lakshmi the banking robot Stage set for Indian ‘avatar’ of foreign banks It’s a war on black money, support it. Indian customers are tech savvy How ‘secure’ are the secured loans? Cradle of banks to a smart city... United India Insurance - Rs 110 crore losses have been claimed till now due to floods in Tamil Nadu Merger mania haunts banks Capital base of regional rural banks raised Cautious and considerate Drastic decline in asset quality Reaching out: is it slowing down? A development bank for BRICS Governance in Reverse Gear? Smart banking in smart cities Growing volume of stressed assets… New capitals of Migrant banks New bank licences, at last... Thirty more cities seek to become SMART Small finance banks offer high interest rates Banking in Telangana Banking on Risk Mega merger is on Small finance payment banks... Grows Bigger From lazy banking to easy banking Why priority status? Perhaps small is more beautiful than big! Ernakulam excels... The paradox: clamour for the Goliath and David Bank deposits account for 46.3 per cent of household savings Why any time money? Big bank merger, bigger expectations Another route for achieving financial inclusion Holy or unholy? What is the priority – mergers or NPA reduction? The collaboration suite of cyber criminals Aadhaar, niraadhaar and banking Drop in SLR- sparing lendable resources Cut in repo rate – lower than expected Just 660 days! Target over-ambitious... Growing gainfully Bottomlines shrink, bad loans rise... Emerging crisis Hesitancy in announcing year-end results LVB- A supermarket of financial services One down in private sector Small is ‘more’ beautiful Banking overhauling or reorganisation? Insatiable appetite for credit Good, bad and ugly Managing NPAs... Anytime banking to anywhere banking Monetary policy continues to adopt dis-inflationary path Too big to fail and too small to sail Well-lived... A new development bank rising in the east… Fund healthcare clinics in villages... Targets continue to be ad hoc All that glitters is not gold... A bank for women, by women Rationalised How okay are new banks?
 
A new development bank rising in the east…
After the formation of BRICS Bank with its headquarters in Shanghai, another bank sponsored by a group of 21 countries in the East, is coming up in Beijing. It will be called the Asian Infrastructure Investment Bank.

India is one of the prominent members of the founders’ group. Japan, South Korea and Indonesia are yet to join in. The West is understandably upset as the World Bank and the financial institutions in Europe may lose their importance. The Asian Development Bank (ADB), on the other hand, concedes the need for a bank like this to meet the growing demand for investments in infrastructure in this region.

Investments in infrastructure are of strategic importance for economic development. Many of the countries among the 21 signatories, including India, need huge investments to expand their infrastructure facilities.

The main objective of the new bank is to channelise the investments into infrastructure development, adopting multi-country investment projects through collaboration, wherever necessary. Investments required are very huge. According to an estimate by the Asian Development Bank, the developing countries in the Asian region require an investment of 8 trillion dollars during the decade 2010-20, for meeting the requirements of the present infrastructure facilities.

Indian economy’s investment requirements are massive. National highways need special attention in investment. “If you want to become rich, invest on roads,” says a Chinese proverb. Good roads contribute silently to the welfare of various sections of the society in addition to contributing to the economic development.

Indian Railways is in dire need of investments for expansion and for improving its operational efficiency. Power sector continues to be a bottleneck, hindering growth of the economy.

Indian infrastructure companies should take up development projects funded by the bank in different countries. Perhaps, they can take advantage of the absence of Japan and South Korea in the Bank’s group, seeking preferential treatment from the member countries in offering projects for execution in their countries.

 

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