Issue Highlights

YES Bank is on the cusp of a digital transformation

Reported by | Updated: February 27, 2017

Ritesh Pai, senior president and country head, Digital Banking at YES Bank, outlines how the bank is evolving into a 8 digital entity: Brian Pereira: What are the technologies that you invest in heavily? Ritesh Pai: YES Bank has embarked on the journey to be ‘Finest Large bank in India by 2020’ and customer service […]

SBI powering banking in Digital India

Reported by | Updated: February 27, 2017

State Bank of India is investing highly in technology not just to simplify banking but to pursue its ambition of become a global behemoth: A leading private sector bank launched online banking in India 19 years ago. Soon after, more private and foreign banks followed. But, where were the public sector banks? In 1998, no […]

Digitization – an absolute necessity now

Reported by | Updated: January 30, 2017

Digitization has been the catch phrase for banks in 2016. Mobile-based payment solutions, blockchain technology, self-service, social media-based transactions and seamless P2P transactions are on their agenda: Today, digitization is not a mere option for the banking industry. It is a must for them to be functional, efficient and competitive. Digitization ensures improved customer experience, […]

Banks should use data analytics to gain efficiency

Reported by | Updated: January 30, 2017

Jasjeet Singh, partner – Financial Services Analytics, Advisory Services, Ernst & Young pitches for banks using analytics in an optimal manner N. Mohan: Can you broadly outline how analytics can solve the rural versus the urban cash crunch that is currently prevailing? Jasjeet Singh: While analytics cannot help print money faster, use of optimization algorithm […]

Baroda RKGB adds 1.6 lakh customers in 2 months

Reported by | Updated: January 30, 2017

K.P. Singh, Chairman at Baroda Rajasthan Kshetriya Gramin Bank, discusses the achievements and future plans: Mehul Dani: What are the plans for network expansion in 2016-17? K.P. Singh: Baroda Rajasthan Kshetriya Gramin Bank (Baroda RKGB) has 794 branches and 42 ATMs in Rajasthan at present. We intend to open 40 new branches during FY 2016-17. […]

Andhra Pragathi Grameena Bank to add 30 branches & 18 ATMs

Reported by | Updated: January 30, 2017

Andhra Pragathi Grameena Bank, sponsored by Syndicate Bank, operates in Andhra Pradesh. A brief review of their operations and the future plans: The Andhra Pragathi Grameena Bank came into existence in June 2006 after amalgamation of 3 RRBs – Rayalaseema Grameena Bank, Sree Anantha Grameena Bank and Pinakini Grameena Bank – into a single entity. […]

SBI General Insurance is almost digital-ready

Reported by | Updated: January 30, 2017

Gunjan Ghai, senior vice president and national head, Banking & Marketing and Product Development at SBI General Insurance, feels a young insurance company with a banking giant for its partner does have some advantages over the competition: Brian Pereira: You have an extensive range of products as also an efficient distribution network that includes over […]

Failing Italian banks

Reported by | Updated: January 24, 2017

Italy is in the thick of a banking crisis, which some describe as a greater risk than Brexit and which could threaten the Eurozone. The crisis claimed a prime minister, who quit following a referendum to amend the country’s constitution to give the government more power, and the confusion that came in its wake left […]

Ind AS impact on Indian banks

Reported by | Updated: January 2, 2017

Vivek Prasad, partner at Price Waterhouse & Co, answers the million dollar question: ‘How will the transition to Ind AS impact Indian banks?: It is already clear that banks would be impacted by the new Ind AS in a very significant manner. Ind AS would bring in pervasive changes, which would impact the capital adequacy […]

Getting the complete picture

Reported by | Updated: January 2, 2017

Magma Fincorp starts using a simple analytics tool that has helped the company become an analytics driven organization: Magma Fincorp in its dual role of an NBFC and an asset finance company, offers a diversified product portfolio: loans for cars, vehicles and commercial vehicles, construction equipment, tractors, SME businesses, mortgage finance as well as housing […]