Do Banks Count their Numbers? Banking by N K Thingalaya - December 31, 2018January 9, 20190 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.
Less-known local area banks Banking by N K Thingalaya - November 28, 20180 One bank per state would be the norm. The winds of change will blow away the remaining local area banks. In India, three local area banks are rarely in the news. Started in the late 1990s, they operate out of Andhra Pradesh, Telangana, Karnataka, and Maharashtra and have 91 branches in
Morphing post offices into banking access points Banking by N K Thingalaya - November 3, 20180 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 Banking by N K Thingalaya - October 1, 20180 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 Banking by N K Thingalaya - September 4, 2018September 4, 20180 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? Banking by N K Thingalaya - August 3, 2018August 3, 20180 Government of India is considering the merger least four public sector banks: Bank of Baroda, IDBI Bank, Oriental Bank of Commerce and Central Bank of India. The combined loss of these famous four is Rs.21,646 crore. IDBI Bank alone accounts for 38 per cent of the losses. Oriental Bank of Commerce
Nine more added Banking by N K Thingalaya - March 1, 2018March 3, 20180 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