KYC is a mandatory database required while opening a bank account. PAN and Aadhaar are the two most important elements. However, banks have been projecting only ‘number of bank accounts’ in their publicity campaigns. The increases in these numbers are projected as the banks’ progress in reaching out to the people.
Author: dr-n-k-thingalaya
Less-known local area banks
Morphing post offices into banking access points
The Indian banking sector, during its long history of over a century, has grown in size and variety. We have commercial banks, regional rural banks, local area banks, small finance banks and now payment banks. Also, let's not forget the other classification, sector banks and private sector banks. Differing in sizes,
Kerala floods threaten to drown banking
Nature’s fury has destroyed Kerala’s wealth substantially, both financially and physically. Assets, more particularly private assets, built over the years have been wiped out. Banking business has suffered irreparable losses. The banking network in Kerala is quite wide-spread having 6281 branches. Public and private sector banks abound. Kerala Gramin Bank that
Profitability: A decade of decay
Litigation is a long-drawn process dampening the profitability of banks. For years to come, PSU banks may not be able to present strong balance sheets. The banking sector in India has experienced an unprecedented decay of its loan assets during the decade FY2008 to FY2018. The continuous rise in the gross
Mergers: Do we need bigger banks?
Nine more added
With the recent addition of nine, we have 99 cities listed ‘Smart.’ The diversities in the economic conditions of these cities are pronounced. For analysing the economic background of the selected cities, an important indicator is the availability of banking facilities. Based on the limited data available for some of the
