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