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Mega merger is on What is the priority – mergers or NPA reduction? Anytime banking to anywhere banking How ‘secure’ are the secured loans? Hesitancy in announcing year-end results Stage set for Indian ‘avatar’ of foreign banks Cradle of banks to a smart city... A new development bank rising in the east… Indian customers are tech savvy Nothing much can happen…. Thirty more cities seek to become SMART Well-lived... Aadhaar, niraadhaar and banking Monetary policy continues to adopt dis-inflationary path Why priority status? Banking overhauling or reorganisation? How okay are new banks? Cautious and considerate Emerging crisis Who is the real beneficiary? Rationalised United India Insurance - Rs 110 crore losses have been claimed till now due to floods in Tamil Nadu Why any time money? A development bank for BRICS Just 660 days! Target over-ambitious... Governance in Reverse Gear? Growing gainfully Financial inclusion vs unclaimed deposits Perhaps small is more beautiful than big! Small is ‘more’ beautiful New capitals of Migrant banks Too big to fail and too small to sail Ferrying digital banking to Lakshadweep Managing NPAs... Small finance banks offer high interest rates Drop in SLR- sparing lendable resources All that glitters is not gold... Fund healthcare clinics in villages... From lazy banking to easy banking One down in private sector Payment banks have arrived Cut in repo rate – lower than expected Big bank merger, bigger expectations A bank for women, by women Banking on Risk Smart banking in smart cities Banking in Telangana Holy or unholy? Merger mania haunts banks Growing volume of stressed assets… Bottomlines shrink, bad loans rise... The paradox: clamour for the Goliath and David Grows Bigger It’s a war on black money, support it. Small finance payment banks... Bank deposits account for 46.3 per cent of household savings Reaching out: is it slowing down? Needed a Banking Atlas Drastic decline in asset quality Ernakulam excels... Targets continue to be ad hoc LVB- A supermarket of financial services Two banks: their jubilees and performances Another route for achieving financial inclusion Insatiable appetite for credit Greet Lakshmi the banking robot Reaching the Unreached… The collaboration suite of cyber criminals Capital base of regional rural banks raised Lacklustre credit expansion Good, bad and ugly New bank licences, at last...
 
A new development bank rising in the east…
After the formation of BRICS Bank with its headquarters in Shanghai, another bank sponsored by a group of 21 countries in the East, is coming up in Beijing. It will be called the Asian Infrastructure Investment Bank.

India is one of the prominent members of the founders’ group. Japan, South Korea and Indonesia are yet to join in. The West is understandably upset as the World Bank and the financial institutions in Europe may lose their importance. The Asian Development Bank (ADB), on the other hand, concedes the need for a bank like this to meet the growing demand for investments in infrastructure in this region.

Investments in infrastructure are of strategic importance for economic development. Many of the countries among the 21 signatories, including India, need huge investments to expand their infrastructure facilities.

The main objective of the new bank is to channelise the investments into infrastructure development, adopting multi-country investment projects through collaboration, wherever necessary. Investments required are very huge. According to an estimate by the Asian Development Bank, the developing countries in the Asian region require an investment of 8 trillion dollars during the decade 2010-20, for meeting the requirements of the present infrastructure facilities.

Indian economy’s investment requirements are massive. National highways need special attention in investment. “If you want to become rich, invest on roads,” says a Chinese proverb. Good roads contribute silently to the welfare of various sections of the society in addition to contributing to the economic development.

Indian Railways is in dire need of investments for expansion and for improving its operational efficiency. Power sector continues to be a bottleneck, hindering growth of the economy.

Indian infrastructure companies should take up development projects funded by the bank in different countries. Perhaps, they can take advantage of the absence of Japan and South Korea in the Bank’s group, seeking preferential treatment from the member countries in offering projects for execution in their countries.

 

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