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