They score on large branch network, brand image and a public confidence that they are too big to fail. They would be bailed out or recapitalized by the government and therefore they are ‘safe’. These assumptions are correct, but they do not detract the fact that the operating environment of banks is getting tougher, there is a trade-off between efficiency and improved financial and operational performance and the one is no longer a corollary of the other.
The government wants stronger and well capitalized institutions, able to underpin an economic trajectory of high growth.
Initiatives towards Consolidation of the Public Sector Banking
i Dena Bank and Vijaya Bank merger with Bank of Baroda
ii Oriental Bank of Commerce and United Bank of India merger with Punjab National Bank
iii Canara Bank and Syndicate Bank merger
iv Andhra Bank and Corporation Bank merger with Union Bank of India
v Indian Bank and Allahabad Bank merger
In addition, there were 2 other initiatives:
i The government’s stake in IDBI Bank has been taken over by LIC of India
ii State Bank of India and its subsidiaries have merged
This in no way is privatization by stealth.
هذه القصة مأخوذة من طبعة March 2020 من Banking Frontiers.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة March 2020 من Banking Frontiers.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
It's a bank and a brokerage - FinecoBank
FinecoBank of Italy is a highly tech-enabled bank that is a combination of a bank and a brokerage:
A model for cloud adoption - Zurich Cantonal Bank
The bank is had opted for cloud to offer better service to its customers:
RBI Governor urges NBFCs to adhere to fair practices code
The Reserve Bank of India (RBI) Governor has urged Non-Banking Financial Companies (NBFCs) to strictly adhere to the Fair Practices Code, emphasizing sustainable growth and robust risk management in the sector.
Automated, Adaptive, Al-enabled Architecture is a must
Security heads from 2 BFSI companies reveal the key cyberfrauds and strategies to combat them:
Fraudsters too gain ground as real-time payment systems grow
There is a need for the technologies behind the real-time payment systems to gain a march over the methods of fraudsters:
Ethics & Challenges of AI in Cyber security: Navigating the Moral Maze
Even as AI is finding its place in the cyber security domain, an entirely new frontier of ethical challenges awaits.
Bangladesh Finance: 25% faster customer service; 15% higher customer retention
Bangladesh Finance, established in 1999, is a leading financial institution in Bangladesh.
Fino sparkles with technology & brand upshift
Fino Payments Bank started operations in June 2017, providing banking services to mass market customers, who are largely rural-based.
Savington Upshifts: 48% Faster, Churn down 31%
Savington International Insurance Brokers LLC, founded in 2006 by Dev Maitra, is a prominent insurance provider in the UAE.
Zoroastrian Bank: Multiple awards for being the Best
Established in 1927 by Sir Hormusjee Cowasjee Dinshaw Adenwalla, Zoroastrian Bank is a prominent urban cooperative bank headquartered in Mumbai, India.
