‘Turn assets in gold, realty into financial savings’

Banks seek to tap a portion of the savings locked up in physical assets such as gold and real estate and convert them into financial savings. There is a need to unlock physical savings i... »

SBI in no hurry to raise savings account rate

Mr Diwakar Gupta, Managing Director and CFO, State Bank of India. —Bijoy Ghosh

While public sector banks are waiting for cues from the State Bank of India on increasing the interest rate on Savings Bank deposits, the latter is in no hurry to up the rate. India’s lar... »

For Gen Y, be simple, quick, here & now!

The well-informed and well-focussed ‘Gen Y’ is digitally connected and demands facility then and there. - Photo: P.V. Sivakumar

India's next generation wants to get banking facility ‘here, now and at an arm's length' in a manner that is simple, convenient and easy to access irrespective of the segments of customers and geo... »

Chennai, Nov. 6

Retirement, expansion to send banks into recruitment overdrive

(From left) Ms Usha Thorat, former Deputy Governor, RBI and now Director, CAFRAL; Mr Mohandas Pai, Board Member, Manipal Education and Medical Group’; Dr Pritam Singh, Director, IMI, New Delhi; and Mr J.P. Dua, CMD, Allahabad Bank. — Bijoy Ghosh

Here is good news for job-seekers. Public sector banks will recruit seven lakh clerks and officers in the next four-five years.The need for hiring this large number will be driven by... »

November 6, 2011

Bancon Sidelights: Profit & loss in risk management

In a session on ‘Risk management in banks' that was getting too technical, no one could possibly have put the essence of enterprise risk management better than Mr M. Ramsekhar, CEO of risk... »

Chennai, Nov. 6

BoB expects Rs 775-cr capital infusion

Mr M.D. Mallya, CMD, Bank of Baroda and Chairman, IBA. — Bijoy Ghosh

Bank of Baroda is expecting a capital infusion of Rs 775 crore from the Government this year. This would bring the Government shareholding in the public-sector bank to about 58 per cent, sa... »

Chennai, Nov 6

Engineering graduates rejoice! Banks are hiring

Engineering and technology graduates can look forward to more openings in the banking sector since banks are likely to hire a large number of technology experts.The recruitment would be dri... »

Chennai, Nov 6

'Savings account deregulation gives more options for customers'

CMD of Punjab National Bank, Mr K.R.Kamath

Deregulation of interest rates on savings bank account will only prompt customers to move from one bank to another, rather than bringing in new customers into the banking system, said Mr K R Kamat... »

November 6, 2011

Bancon sidelights: Spirituality and banking

It is now becoming the norm to have a lecture on de-stressing or coping with personal challenges at various industry conclaves. So, the IBA and IOB that are organising the banker... »

Chennai, Nov. 6

Banks eyeing low-cost alternatives to reach out to 400 m in villages

Mr K.R. Kamath, CMD, Punjab National Bank

With cost of operations on their mind, banks are now looking at alternative ways to reach out to the 400 million financially excluded people. Already doubts have been raised on the econo... »

November 6, 2011

Industry heads at Bancon

(from left) Mr Bhaskar Ramamurthy, Director, IIT Chennai, Mr Alok Eknath Kshirsagar, Director, McKinsey and Company, and Mr Srinivasa Raghavan, Managing Director, Sundaram Finance at Bancon 2011. Photo : Bijoy Ghosh

Chennai, Nov 6

BANCON SIDELIGHTS

Financial assets held by rural women get converted to physical assets for a short time, only to undergo further metamorphosis as liquid assets - in the form of alcohol. This was how Mr K. R... »

November 5, 2011

‘Govt reply' to financial inclusion

Pose a question to a bureaucrat, who is also an economist, on profitable business model for financial inclusion, and what would you get in reply? It is likely that you will get a typical ‘... »

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Slideshow

Bancon 2011