Express Survey

Monday, May 07, 2007
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Express Survey
ESSAY -Handling the heights

At around $600 billion or Rs 27,46,200 crore, the total banking assets in India are about the same as the world’s 25th largest bank, the Rabobank Group.

CONSOLIDATION -Is bigger better ?

At around $780 billion, India’s GDP is comparable to that of South Korea, yet Korean banks have seven times more banking assets than Indian banks.

REFORMS -Small beginnings, big advances

From Rs 1,200 crore to Rs 23,48,000 crore of assets, from a moneylender to a one-stop financial shop, from a 9-1 neighbourhood branch to a 24x7 seamless entity, the Indian banking sector has undergone a makeoverin the six decades since independence.

AERIAL VIEW -The reform models

In 1791, the Congress chartered the first bank. Initially, only states were allowed to float banks.

INTERVIEW : K.V. KAMATH -‘After consumer credit, rural lending is the next big opportunity’

From the 10th floor of the ICICI Bank building in the Bandra-Kurla Complex in Mumbai, the bank’s managing director and chief executive officer K.V. Kamath can a large expanse of urban India the target set for the bank to borrow from and lend to.

SECURITY ISSUES -From paper to passwords

The business of banking is synonymous with trust. Bank customers measure this trust through the questions: is my wealth secure, is my privacy protected?

STOCKS -Performing assets

As businesses go, banking is largely a commodity business banks borrow money from those who have excess of it and lend it to those who need it, and try to earn a spread.

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