| COVER
STORY A
Nobel for a Banker and his Bank
-- A Pallavi
Bangladesh
Grameen Bank is a success story with regard to microfinance extension. The bank
as well as its MD and Founder, Muhammed Yunus, have been recently awarded the
Nobel Peace Prize. This bank stresses on social capital, empowerment of women
and collective endeavor.
© 2007 IUP . All Rights Reserved
FOCUS
Diversified
Asian Financial System Need of the Hour
-- Yash Paul Pahuja Corporates'
excessive dependence on bank finance is the major root for many hazardous situations
such as 1997-98 financial crises, etc. Politicians take mostly unfavorable economic
decisions that help only the smaller part of the economy and family-owned businesses.
So larger part of the bank credit is dictated by political decisions rather than
economic ones.
© 2007 IUP . All Rights Reserved
STRATEGY
Implementation
of Strategy in Banks : Seven Steps Approach
-- A Lakshminarasimha and S Murali
The
article examines the process of transition from strategy formulation to strategy
implementation. It clearly differentiates the two activities and draws on the
strengths of the 7S model developed by Peters and Waterman (1982), which has become
one of the cornerstone for strategic planning and implementation. Through the
use of 7S principles, various strategies which can be implemented by banks in
some typical situations are also suggested.
© 2007 IUP . All Rights Reserved
TECHNOLOGY
50
- Points for Effective Monitoring of a Computerized Bank-branch
-- Shyam Kumar Garg
This
article proposes 50-points which are helpful for a successful monitoring of computerized
bank-branches. They include areas like Infrastructure and Placement of Computers,
Customization and Parameter Settings in Software, HR issues, Maintenance of Hardware
and Software, etc.
© 2007 IUP . All Rights Reserved
TECHNOLOGY
Core
Banking Solutions : Powering the New Age Banking
-- D Satish
The banking sector is leveraging on technology and end to end Core Banking
Solutions (CBS) not only to cut cost but also to better serve the customer and
beat the competition.
© 2007 IUP . All Rights Reserved
SCENARIO
Indian
Banking Random Thoughts
-- SN Ghosal
Banks
are in the process of reinventing themselves. This is mostly happening to banks
which were engaged in retail and corporate banking. These banks are looking for
new pastures in investment banking, private banking and insurance.
© 2007 IUP . All Rights Reserved
HRM
Staff
Accountability in Banks: Influence on Credit Expansion
-- TV Ranga Reddy The
Staff Accountability in banks plays a vital role in day to day banking activities.
In each and every deal/transaction, accountability is an important phenomenon.
The examining of accountability should send the right signals to the employees
and not vice versa.
© 2007 IUP . All Rights Reserved
HRM
Bank
Leadership : An Agenda for Action
-- Kishore C Padhy Competition
in banks will speed up in the next few decades. Organizations of the 21st Century,
with regard to structure, system and culture, are completely different from those
of 20th Century. They cannot succeed with incremental changes. The question is
whether there is any authentic leadership in Indian commercial banks to carry
out the revolutionary changes.
© 2007 IUP . All Rights Reserved
REGULATION
The
Monetary Policy Review Exercises of RBI
-- Ajaya Kumar Mohanty In
the mid-term, repo rate has been marginally raised but reverse repo rate, bank
rate and Cash Reserve Ratio (CRR) have been kept unchanged. For basel II compliance
time has been extended to March 31, 2009. RBI's accent is on financial inclusion
and expansion of agricultural credit.
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RURAL
CREDIT Promotional
Schemes for Non-farming Sector by NABARD
-- Deepak Kumar
The
article talks about a few innovative promotional schemes, like Rural Industrial
Development Program (RIDP), Assistance for Marketing of Non-farm products of Rural
Women (MAHIMA), Assistance to Rural Women in Non-farm Sector Development (ARVIND),
Community Service Center and Flexible Approach Scheme, for non-farming sector
of NABARD. The development of non-farming sector is important from both policy
and developmental point of view.
© 2007 IUP . All Rights Reserved
PRODUCTS
Banks
and Microfinance : Indian Experience
-- Shantha Ramamurti
The
purpose of this article is to prove that though sophisticated international models
cannot be applied, through a sympathetic micro level approach with NGO and SHG
linkages, the banks in India could play a very significant role in the provision
of micro-credit facilities and financial services to bring about an overall improvement
in the living standards of the rural people.
© 2007 IUP . All Rights Reserved
PRODUCTS
Kids
Banking : Nurturing Future Customers
-- T Paulraj We
immediately fall in love with a smart kid in a TV commercial who goes to the bank
to deposit the small amount that he has saved in his piggy bank. He is well served
and the ad superbly serves its purpose by conveying the right message to the target
audience that the customer irrespective of his stature is taken care of. Does
it convey anything else to the banking fraternity other than that of using a child
as a model in the commercial? Will it emotionally appeal to the viewers or the
target audience? Yes, it certainly shows the banking industry's initiatives to
woo children, the future citizens; more importantly, future customers.
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