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