“Suppose you are not selected, what will you do?” That is the final question sometimes candidates have to answer in a Public Sector Bank promotion interview. The answer to this question may not have anything to do with the promotion as such because ultimately promotion depends upon the candidates’ score based on performance and confidential […]Read More
I have discussed RBI delegation of financial powers, long term corporate policies, internal risk rating and the DFS in my previous posts. Soft skills is another area where banks can invest their time and money to reduce operational risk. Soft skills are different from technical skills. It is something related to behaviour and character demonstrated […]Read More
The disruptive and increasingly volatile, uncertain, complex, and ambiguous (VUCA) driven 21st century poses multi dimensional challenges to the individuals ,society, nations, environment and the corporates . These challenges are interlinked to each other globally. With globalization, digitaliization, innovations, technology and fast communication these challenges demand for new business order . All challenges, turbulent situations […]Read More
Regulator as well as government became sensitive to the issue of accountability influencing lending decision adversely , which started affecting economy. Formation of the committee for the purpose indicates the concern of the government. PSBs https://economictimes.indiatimes.com/industry/banking/finance/banking/public-sector-banks-may-follow-a-uniform-practice-on-employee-accountability-for-bad-loans/articleshow/80120762.cms?from=mdr Views emerged that reference to the outside agency (often referred as witch hunting) are the reasons for the slow […]Read More
In a recent ( 21st September 2020) paper titled “Indian banks: a Time to Reform”, authors Viral V Acharya and Raghuram G Rajan mention that “the winding down Department of Financial Services in the Ministry of Finance is essential, both as an affirmative signal of the intent to grant bank boards and management independence and […]Read More
“ Every debt is ultimately paid, if not by debtor, then eventually by creditor ” Judicial intervention has delayed the metamorphosis of impaired loans into NPAs, but nomenclature procrastinations can hardly delay the inevitable. No debt can remain branded as a standard asset if not serviced for ninety days, where as most of these accounts […]Read More
India has seen a number of experiments in social banking which had good intentions but were plagued by political myopia. Most of them started off ambitiously but ended in failure .The new initiatives beginning in the second decade of the twenty first century have made finance more inclusive and equitable. The increased availability of […]Read More
In my earlier articles, I discussed the section 35 RBI inspection and about the risk from the imperfect system of delegation of financial powers within the organisation. On the same dimension, this article discusses the need of stable management policies so as to reduce the operational risk. We notice that highlights of annual results […]Read More
Mobile finance finds itself at an inflection point as the world continues to tackle the socioeconomic fallout of the COVID-19 crisis .The pandemic could be a game changer for digital Mobile-based payments .They have proved to be resilient to the pandemic and are expected to overtake card payments as their uptake will accelerate due […]Read More
Financial inclusion is increasingly getting a rural flavour – and opening up new business windows .The COVID-19 pandemic has put a flashlight again on the rural segment as a potential avenue of business for banks. With the workforce leaving congested cities and heading back to their upcountry homes, the role of banking correspondents (BC) is […]Read More
