IN 2019 THE NDA II government seemed well set to take up major reforms of the banking sector. The merger of ten public sector banks (PSBs) into four appeared a well thought measure towards consolidation and building size. There were also clear indications on reducing substantially government share of the
R S Isabella is Managing Director of Repco Bank and Repco Micro Finance Ltd and a Director in Repco Home Finance Ltd. This socially conscious entrepreneurial-banker is well-poised to scale greater heights! Repco Bank, with its unique constitution and mission, is a cooperative bank that comes under the Union Home
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.
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,
Several small commercial banks in the private sector have been taking extensive recourse to technology and have come out with excellent results. The 102-year old Karur Vysya Bank (KVB) is a good example. Managing Director & CEO, P R Seshadri, announcing the results of the bank for 2017-18, explained the transformation
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