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

Public sector banks have come under criticism for their lacklustre performance on the profitability front during FY 2014, attributing to their miserable plight to the absence of effective corporate governance. The mounting volume of non-performing assets is causing concern to both the owner and the regulator. The performance of banks in the private sector, particularly of the new generation, by comparison, has been much better.

There are certain sections of lobbies influencing the policy-makers, which plead for total privatisation of the banking sector. They are drawing inspiration perhaps from one of the wisest rulers of Delhi - Mohammad bin Tugluk - who was said to be quick in reversing his decision at any cost. Though the birth of public sector banks was based on political considerations, over the years they have irreversibly changed the banking map of the country. Rural India finds a place in the banking map today due to their efforts. To cite an example, which private sector bank would have dared to go to Lakshadweep islands? It was a public sector bank, which went there in 1972 and opened nine branches.

The track record of new generation banks of the private sector in entering into rural banking is dismal. Even after two decades’ of operations, only 17 per cent of their branches are located in rural areas, while the whole banking sector has 37 per cent of its branches functioning in rural areas. De-nationalisation of banks, at this stage would denigrate rural development.

Mounting non-performing assets of public sector banks is, no doubt, the most undesirable development. But bank managements alone cannot be blamed for this, since deceleration of economic growth has all pervasive impact on the economy. Slackness in corporate management is the other major factor responsible for this. Total professionalisation of the bank boards is the need of the hour. It is necessary to make a review of the norms stipulated for board-level representations.

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