Industry should show bona fides:
![Bitten Bankers' Cautious Optimism For G&J Sector Bitten Bankers' Cautious Optimism For G&J Sector](https://magarticles.magzter.com/articles/1337/285687/5b273dff12e16/Bitten-Bankers-Cautious-Optimism-For-GJSector.jpg)
The gems & jewelry sector and the banking industry are trying to overcome the crisis of confidence created in the wake of the PNB loan scam done by diamantaire Nirav Modi’s firms. The Gem & Jewellery Export Promotion Council (GJEPC) recently organized a seminar in Mumbai titled ‘Diamond and Jewelry Financing 2018: Mitigating risks effectively’ to discuss the current situation and explore ways to mitigate future risks.
Participating in the discussions, Dinesh Khara, MD, State Bank of India, said the Indian gems and jewelry industry must show whatever they commit to get finance from the banks. The borrowing cost has increased for the industry in the last few months because of discontinuation of LoUs and LoCs due to recent banking frauds, which is nothing but direct risk-and-reward relationship at which banks do the pricing, he said, adding: “Funding cost to the gems and jewelry sector is likely to remain high as long as the industry is seen risky in view of the recent frauds by a diamantaire’s firms. Improvement in the profile of gems and jewelry sector in terms of financial, conduct and practices will have to be seen on ground, and only then will the banks get the confidence to provide further support to the sector. As a lender the bank appreciates the initiatives taken by the council to mitigate concerns of the banks.”
ISSUES FACING BANKS
Bu hikaye Banking Frontiers dergisinin June 2018 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Banking Frontiers dergisinin June 2018 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
![Key Russian central bank official leaves Key Russian central bank official leaves](https://reseuro.magzter.com/100x125/articles/1337/1920875/KAoykeaWw1733752350833/KEY-RUSSIAN-CENTRAL-BANK-OFFICIAL-LEAVES.jpg)
Key Russian central bank official leaves
The First Deputy Governor of Bank of Russia Olga Skorobogatova is leaving the central bank in early December.
![Better prospects for Swiss banking in 2024, says new study Better prospects for Swiss banking in 2024, says new study](https://reseuro.magzter.com/100x125/articles/1337/1920875/fpkuWfcCg1733752159708/BETTER-PROSPECTS-FOR-SWISS-BANKING-IN-2024-SAYS-NEW-STUDY.jpg)
Better prospects for Swiss banking in 2024, says new study
The year could see revitalization of the banking to some extent, finds the study by Swiss Bankers Association:
![Ease of use, personalization & consistent engagement promotes digital loyalty Ease of use, personalization & consistent engagement promotes digital loyalty](https://reseuro.magzter.com/100x125/articles/1337/1920875/AxxsFdrIt1733751958143/EASE-OF-USE-PERSONALIZATION-CONSISTENT-ENGAGEMENT-PROMOTES-DIGITAL-LOYALTY.jpg)
Ease of use, personalization & consistent engagement promotes digital loyalty
Murari Lal, Head - Digital Initiatives, Shivalik Small Finance Bank, delves into platforms, loyalty and Al:
![From Feet on Street to Fingers on Screen From Feet on Street to Fingers on Screen](https://reseuro.magzter.com/100x125/articles/1337/1920875/biVZ5TYRx1733751558414/FROM-FEET-ON-STREET-TO-FINGERS-ON-SCREEN.jpg)
From Feet on Street to Fingers on Screen
Nippon India Mutual Fund is driving into newer customer segments by leveraging voice and vernacular as the drivers, reveals the company's Chief Digital Officer Arpanarghya Saha:
![Digitization embraces the senior citizens Digitization embraces the senior citizens](https://reseuro.magzter.com/100x125/articles/1337/1920875/tOfu8KYs01733751281442/DIGITIZATION-EMBRACES-THE-SENIOR-CITIZENS.jpg)
Digitization embraces the senior citizens
Among other projects, Shriram Capital completely transformed the 2-wheeler loan origination system, reveals the company's Chief Digital Officer Ajay Thomas:
![Making of the most connected bank in Bangladesh Making of the most connected bank in Bangladesh](https://reseuro.magzter.com/100x125/articles/1337/1920875/28Xrw2qRi1733751078758/MAKING-OF-THE-MOST-CONNECTED-BANK-IN-BANGLADESH.jpg)
Making of the most connected bank in Bangladesh
A stream of digital initiatives is transforming Mutual Trust Bank and its customer engagement, reveals Khalid Hossin, who heads the bank's digital banking division:
![Digital embraces Archaeological Tourism Digital embraces Archaeological Tourism](https://reseuro.magzter.com/100x125/articles/1337/1920875/sjnIQrS8h1733750838274/DIGITAL-EMBRACES-ARCHAEOLOGICAL-TOURISM.jpg)
Digital embraces Archaeological Tourism
Chief Digital Officers are leading tremendous transformation initiatives. Five CDOs reveal their fascinating journey and their ambitious goals:
![Tech will bridge Advisory and Education Tech will bridge Advisory and Education](https://reseuro.magzter.com/100x125/articles/1337/1920875/KQbMCMDOk1733750695828/TECH-WILL-BRIDGE-ADVISORY-AND-EDUCATION.jpg)
Tech will bridge Advisory and Education
Venkatesh Naidu, CEO, Bajaj Capital Insurance Broking:
![AI bridges Protection and Prevention AI bridges Protection and Prevention](https://reseuro.magzter.com/100x125/articles/1337/1920875/xd0x7w9cy1733750438512/AI-BRIDGES-PROTECTION-AND-PREVENTION.jpg)
AI bridges Protection and Prevention
Gyanendra Singh, Chief Technology Officer, Aviva India:
![Bridging Products & Distribution for Rural Markets Bridging Products & Distribution for Rural Markets](https://reseuro.magzter.com/100x125/articles/1337/1920875/13hgkNzFf1733750237739/BRIDGING-PRODUCTS-DISTRIBUTION-FOR-RURAL-MARKETS.jpg)
Bridging Products & Distribution for Rural Markets
Vikas Mittal, Deputy CEO, and Amit Thapliyal, Chief Technology Officer, Magma HDI General Insurance: