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