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Issue Highlights

PSUs more vulnerable to big-ticket frauds

Reported by | Updated: March 21, 2017

Prashant Mali, President, Cyber Law Consulting, advises BFSI segment to conduct regular IT Act 2000 Compliance Audits Mehul Dani: You have fought numerous cyber-crime cases. Please tell nature & scope of such crimes happening in the BFSI segment in India in recent times. Prashant Mali: While the adoption of information technology for banking services offers […]

Improving creditworthiness in a scientific manner

Reported by | Updated: March 21, 2017

Credit Sudhaar Group is a lending and advisory platform which helps retail clients to be credit healthy and save money Where do people with poor credit scores go to avail an urgent loan, or get a credit card so that life is comfortable in today’s less cash world? Money lenders may be an option for […]

26% rise in new credit card applications

Reported by | Updated: March 21, 2017

Banks in India are using multi-channel strategy to promote the sales of the credit cards: There has been potential rise in the overall credit card business in India with demonetization and cashless transactions leading to the rise of this business. While demonetization has driven up card usage, there has in fact been a drop in […]

Budget: Credit demand to get traction

Reported by | Updated: March 21, 2017

Mayank Mehta, Executive Director, Bank of Baroda and Harideesh Kumar B., Executive Director, Canara Bank, expect credit growth boost from the Union Budget 2017 Mehul Dani: How will Budget 2017-18 facilitate credit growth for banks? Mayank Mehta: The budget is progressive with its emphasis on inclusive development while being fiscally prudent. It has given special […]

Banking sector in Greece is showing signs of recovery

Reported by | Updated: March 21, 2017

Greece’s banking sector is reviving but the outcome will depend on several factors – most important being the political tussle with Eurozone: Greece is again in the news. Very recently, the International Monetary Fund has warned that the country’s debts are on an ‘explosive path’, which is once again bringing the EU on to a […]

SBI gets a new web address

Reported by | Updated: March 20, 2017

bank.sbi is the new address for State Bank of India on the web. It has acquired this highest domain protocol, called generic Top Level Domain, or gTLD recently and became the first bank in the country to have such a web address State Bank of India has a new web address – bank.sbi. It is […]

Ahmedabad DCCB strategizing for 15% growth

Reported by | Updated: March 20, 2017

Ahmedabad DCCB is not leveraging IT for its own functioning and also to empower credit societies by renting them computers at unbelievable rates Ahmedabad DCCB had 177 branches, 11 extension counters and 51 ATM as on 31 March 2016. The bank has its own building in prime location situated just opposite the new office building […]

Driving ahead on social, economic and technological parameters

Reported by | Updated: March 1, 2017

A state cooperative bank pushes itself to new heights and pulls along its customers: The Gujarat State Cooperative Bank was established in 1960. It enjoys the status of a scheduled bank. Since 2009, it runs under the leadership of Ajaybhai Patel, a renowned cooperative leader and experienced banker. EXPANDING FOOTPRINT The bank currently has 25 […]

Banks in Gujarat aiming at agri-business, infra, energy

Reported by | Updated: March 1, 2017

Four senior bankers in charge of Gujarat talk about the major sectors that are 24 proving to be growth drivers in the state: One of India’s most industrialized states, Gujarat is home to a variety of industries including engineering and auto manufacturing, food and agri-business, textiles, gems and jewelry, mineral and mining and ports and […]

Brazilian banks are less stressed

Reported by | Updated: March 1, 2017

Banks in Brazil are strong and efficient and are not subject to the vagaries of the economic disasters. An overview: Brazil is known to have an extremely efficient banking system. Most of the banks have launched digital banking while the branches span across the country, present in almost all the cities and towns. There are […]

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