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