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Topic : Retail Banking
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Created by : Swati Raut, Product Manager, Aviva  | 11 23 2009 13:33:11 +0000
Industry : BankingFunctional Area : Strategy Execution(Strategy & Execution)
Activity:  929 views;  last activity : 07 06 2010 20:18:09 +0000

India has for years talked about allowing a greater role for foreign banks and giving equal voting rights to foreigners in private-sector banks, currently limited to 10 percent irrespective of their actual holding. More FDI in banking and greater entry of foreign banks; dilution of government equity holding in public sector banks (PSBs), preferably to below 50%; aligning voting rights in banks with equity holding. Is all these impact of Banking reforms really affecting the Indian economy?

 
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You know that funds are blood for the economy, it should reach all parts of the body, similar is the case for economy too, funds should reach all parts of the economy for balanced growth. So economy is very sensitive depending on availability of funds,it reacts showing its developmets either positively or negatively.

Reforms in the sector shall be effective to show positive reactions, today's news paper reported that Mody's reported  Indian banking sector is in gloomy position. What could be the reasons, may be due to adverse effects of the global tendancy. Considering all these aspects, I agree with the view expressed by the author.


By RAMANATHA PRABHU N, Chartered Accountant  | 11 24 2009 07:09:26 +0000
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In my view, efficiency in Indian banking has improved on a number of parameters in the post-reform period — return on assets, non-performing loans as a proportion of total loans or assets, operating costs as a proportion of assets or income. As for greater entry of foreign banks, this is largely an academic matter for the next couple of years, given the current state of the leading international banks. Most of these banks are so busy sorting out their problems that they are unlikely to have the appetite for entering into or expanding in India in the near future.


By Swati Raut, Product Manager, Aviva  | 11 23 2009 13:33:11 +0000
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There are three areas that cry out for improvement. The first is the composition of PSB boards which need better people on the boards. These boards have independent directors as well as government nominees. The RBI lays down ‘fit and proper’ criteria for independent directors which should be appied to government nominees as well. Secondly, succession planning at PSBs is non-existent today because the top managers hop from one bank to another. And Thirdly, since there was a recruitment freeze for years at PSBs, many of them face a decimation of top management in the next two or three years. They need to focus on HRD — rapid internal promotion, lateral recruitment, training, hiring young people.


By Esha Johar, Risk Analyst, Irevna  | 11 23 2009 13:50:44 +0000
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