Industry views

Sustainable Biz Model for the Digital Era

Reported by | Updated: March 27, 2018

At the plenary session of the recent IBEX India 2018, a discussion was held on ‘Sustainable Biz Model for the Digital Era’. Highlights of the discussions: Panellists Gayathri Parthasarthy, Partner, KPMG Shreekant Vijaykar, Director of South Asian Operations, Asia Pacific Region at COPC Aruna Rao, CTO, Kotak Mahindra Bank Abhijit Singh, Head – Technology, ICICI […]

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 […]

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 […]

Tapping mobile innovation for customer delight

Reported by | Updated: January 25, 2017

PNB moves mobile apps to hybrid platform to enhance customer experience Customer engagement and meaningful experiences have become top priorities for banks worldwide. Quick response, personalized services, and ease-of-use are the key factors to win customer delight. The demand for banking services using digital channels has put a lot of pressure on banks to rethink […]

Banks need to prepare for Open Unified Digital Banking Platforms

Reported by | Updated: November 30, 2016

Intro: Stessa Cohen, research director, Gartner, highlights how banks and solution providers should prepare for digital banking platforms Brian Pereira: How do you define the Emerging Market of Digital Banking Platforms? How does it bring all stakeholders on one platform?   Stessa Cohen: There is a definition for this so called Open Unified Digital Banking […]

Unravelling Payments

Reported by | Updated: August 30, 2016

Payment system functionaries, payment system providers and select business heads involved in payments systems participated in a roundtable on Payments OCFP organized alongside PayNext Insights 2016. Edited excerpts of the deliberations of the session Siddharth Dhamija Chief Growth Officer, RazorPay Jignesh Gandhi COO, Essel Finance Jiji Mammen CEO, Mudra Bank Sumit Chhazed Co-founder, CREDR K.R. […]

Reputational Risk- A risk which is often ignored

Reported by | Updated: July 11, 2016

Dr. R. C. Lodha ‘It takes 20 years to build a reputation and five minutes to ruin it, if you think about that, you’ll do things differently” -Warren Buffet Reputational Risk is unique in its kind. Unlike the other forms of identified risks such as credit risk, market risk or Interest Rate Risk in Banking […]

Benefits of investing in ELSS funds through SIPs

Reported by | Updated: June 8, 2016

Team ClearTax An SIP is a periodic mandate that is given to the mutual fund to deduct a fixed amount from your bank account at a designated date. For example, if you decide to invest Rs 10,000 in a mutual fund through a monthly SIP, the fund company will use the ECS facility to deduct […]

MCLR – the new phenomena for interest rates!

Reported by | Updated: May 17, 2016

The need to regulate interest rates in a manner that the market continues to function in an efficient way was felt decades ago. Towards this objective, various measures have been proposed and adopted. It can be safely stated that the regulations on interest rate monitoring have been evolving and moving with time. A quick recap […]

Top tips for managing distressed acquisitions

Reported by | Updated: May 6, 2016

Bharat Anand Under the pressure from the Reserve Bank of India, banks are trying to clean-up their balance sheets. Broadly, where possible, this involves either requiring borrowers to sell assets in order to reduce their levels of stress or, in extreme cases, selling down the loan portfolio to other investors or ARCs. Buyers must be […]