One more year (2011) has gone in to the pages of history last night. Here is the new year 2012 dawning with lots of hope for each and every one of us. To begin with, all of us are in joyous mood to greet the New Year welcoming with all festivities. We do not know in reality, what is in store. Lots of plans, proposals and resolutions made by all of us. We got to convert them in the next twelve months.
Saturday, December 31, 2011
Financial Inclusion and Rural Development
Are Financial Inclusion and Poverty Alleviation, two sides of the Indian Rural Banking? Will the banks be productive and profitable then?
Business Line : Industry & Economy / Banking : Financial inclusion: Banks made some headway in 2010-11
Business Line : Industry & Economy / Banking : Financial inclusion: Banks made some headway in 2010-11
The twin concepts of Microfinancing and Financial Inclusion emerged on the Indian banking scene in a big way during the middle of the previous decade ie., around 2005-6. In fact, Lead Bank Scheme and Service Area Scheme were already in existence since 1969 / 1988. Much before, the very formation of SBI in 1955 from out of the earlier Imperial Bank of India was with a mandate of opening rural branches.
It was followed by two bank nationalisations in 1969 and 1980 adding 20 more banks to the Public Sector comprising of SBI and its seven subsidiaries. The Indian Banking system lived up to the dictum of the RBI and Government in going rural and lending as per Priority Sector norms at administered rates of interest for decades. And suddenly, in 1991-93, come economic reforms also affecting the banking sector. On the other hand, Financial Exclusion in the beginning and later termed as Inclusion has come on the scene with pressure on banks to open more and more rural branches and open no frills accounts. Hopefully, in a year or two, the total branches would touch one lac figure!
The twin concepts of Microfinancing and Financial Inclusion emerged on the Indian banking scene in a big way during the middle of the previous decade ie., around 2005-6. In fact, Lead Bank Scheme and Service Area Scheme were already in existence since 1969 / 1988. Much before, the very formation of SBI in 1955 from out of the earlier Imperial Bank of India was with a mandate of opening rural branches.
It was followed by two bank nationalisations in 1969 and 1980 adding 20 more banks to the Public Sector comprising of SBI and its seven subsidiaries. The Indian Banking system lived up to the dictum of the RBI and Government in going rural and lending as per Priority Sector norms at administered rates of interest for decades. And suddenly, in 1991-93, come economic reforms also affecting the banking sector. On the other hand, Financial Exclusion in the beginning and later termed as Inclusion has come on the scene with pressure on banks to open more and more rural branches and open no frills accounts. Hopefully, in a year or two, the total branches would touch one lac figure!
Business Line : Industry & Economy / Banking : Basel III norms will push up capital requirements, say bankers
Business Line : Industry & Economy / Banking : Basel III norms will push up capital requirements, say bankers
I have been thinking for some time to write a brief article on Basel I, II and III. There has been some gap in my banking studies and teaching. I and II having stabilised in the Indian banking, now we look towards III.
Tuesday, December 27, 2011
Friday, December 23, 2011
Bank for International Settlements
Bank for International Settlements
This is neither a Commercial or Developmental or World Bank but a Bank for Central Banks of the World.
This is neither a Commercial or Developmental or World Bank but a Bank for Central Banks of the World.
Thursday, December 22, 2011
Youtube for Education!
Instead of discussing, debating and prohibiting the social media networks, in the name of discipline and values, all parents, teachers and policy makers should see the bright or right side of the technology platforms like youtube/education, scribd.com, wiziq.com, slideshare.com, authorstream.com or soople.com and encourage the younger generation to catch up with the western world and compete to avail of the advantages of modern facilities.
Farmers' Suicide in India : An Emergency?
Farmers Suicide in India : An Emergency?
This is a chronic and serious issue but often ignored or neglected. There was a Committee headed by Dr Radhakrishna on rural poverty and studying the farmers suicide. Calls for focussed attention by all.
This is a chronic and serious issue but often ignored or neglected. There was a Committee headed by Dr Radhakrishna on rural poverty and studying the farmers suicide. Calls for focussed attention by all.
Basel I, II and III now
Basel I, II and now III
I have been toying with the idea of writing a brief article on the journey of Indian Banking System in the era of reforms since 1993 including Basel I, II and III. Bank for International Settlements (BIS) has been continuously working on implementation of these guidelines across the globe to bring in common standardisation. Interestingly, there have been strenuous efforts and endeavours from GOI and RBI side to also bring in productivity and profitability as also transparency in the working of banks in public, private and foreign sector in India.
Having already implemented Basel I and II guidelines, now is the time to take on Basel III guidelines. The above link / content is from Moodys Analytics towards Basel III.
I have been toying with the idea of writing a brief article on the journey of Indian Banking System in the era of reforms since 1993 including Basel I, II and III. Bank for International Settlements (BIS) has been continuously working on implementation of these guidelines across the globe to bring in common standardisation. Interestingly, there have been strenuous efforts and endeavours from GOI and RBI side to also bring in productivity and profitability as also transparency in the working of banks in public, private and foreign sector in India.
Having already implemented Basel I and II guidelines, now is the time to take on Basel III guidelines. The above link / content is from Moodys Analytics towards Basel III.
Social Media Networking?
I was participating in a Talk Show at MGM College, Udupi-Manipal today to share with them what we the Gen-X think of Social Media Networking... Somehow I felt that a majority of the older generation do not trust the Gen-Y. We consider them as 'immature' and "irresponsible". I don't understand the basis because, the Constitution has recognised all those above 18 as 'independent' and empowered to chose their representatives as MLAs and MPs to rule the country, make policies and decide their destiny.
I took stock of my own indulgence with Social Media. I have at least three email ids; am a member of FB, Google+, Orkut, LinkedIn, Twitter and so on. I am also deeply into www.scribd.com; www.authorstream.com; www.slideshare.com; www.wiziq.com; www.peerpower.com or www.bharatmatrimony.com. Google my name or search in bing.com or others like 123people.com or youtube.com and see what pops up. I write a blog as a progressive banker in www.chowdarip.blogspot.com. Dr Narasimha Bhat clarified that Internet is different from Professional sites and social platforms. Of course, the discussions went without conclusion as to what is right or wrong in today's information and technology world. The show goes on and on..................
I took stock of my own indulgence with Social Media. I have at least three email ids; am a member of FB, Google+, Orkut, LinkedIn, Twitter and so on. I am also deeply into www.scribd.com; www.authorstream.com; www.slideshare.com; www.wiziq.com; www.peerpower.com or www.bharatmatrimony.com. Google my name or search in bing.com or others like 123people.com or youtube.com and see what pops up. I write a blog as a progressive banker in www.chowdarip.blogspot.com. Dr Narasimha Bhat clarified that Internet is different from Professional sites and social platforms. Of course, the discussions went without conclusion as to what is right or wrong in today's information and technology world. The show goes on and on..................
Wednesday, December 21, 2011
Tuesday, December 20, 2011
Eco Entrepreneurs - the 16th variety?
About a week ago, precisely on the Dec 14, I wrote in my blog about a list of 15 varieties of entrepreneurs that I came across in different sources of literature. And today, while going through the Special Anniversary Issue of the popular magazine from Malayala Manorama Group, The Week, I read about another variety ie., Eco Entrepreneurs. This was included as part of 30 pearls of India listed out by the magazine.
Mr Chandrasekhar Hariharan of Biodiversity Conservation India Limited (BCIL), Bangalore has been named as the Eco Entrepreneur in the magazine. His ecofriendly houses do not look different from normal houses. But they are vastly different when it comes to energy efficiency. The economist-turned-eco entrepreneur heads a group of companies - Zed Habitats, Zed Fabs, Zed Labs, Zed Inhabs and the Zed Foundation - which build eco-friendly houses.
Hariharan and his green warriors have built around 630 houses and are adding another 580 by 2015. Hariharan worked in an NGO from 1987 to 1995, creating awareness about energy and water conservation. In 1995, he realised that he did not want to be donor dependent and went on with his green project. A native of Bangalore, Hariharan is a simple person. A doctorate in econometrics, he had worked as a Chartered Accountant and Journalist before becoming an eco-entrepreneur.
Mr Chandrasekhar Hariharan of Biodiversity Conservation India Limited (BCIL), Bangalore has been named as the Eco Entrepreneur in the magazine. His ecofriendly houses do not look different from normal houses. But they are vastly different when it comes to energy efficiency. The economist-turned-eco entrepreneur heads a group of companies - Zed Habitats, Zed Fabs, Zed Labs, Zed Inhabs and the Zed Foundation - which build eco-friendly houses.
Hariharan and his green warriors have built around 630 houses and are adding another 580 by 2015. Hariharan worked in an NGO from 1987 to 1995, creating awareness about energy and water conservation. In 1995, he realised that he did not want to be donor dependent and went on with his green project. A native of Bangalore, Hariharan is a simple person. A doctorate in econometrics, he had worked as a Chartered Accountant and Journalist before becoming an eco-entrepreneur.
Monday, December 19, 2011
NPAs in the Indian Banking System
Business Line of 19th Dec 2011 (page 13 - Money and Banking) carried an article titled "Govt, RBI must find a lasting solution to tackle NPAs" by T V Gopalakrishnan. Thanks to BL and the author, a very detailed table was given with data on Advances, Deposits, CD Ratio, Investments and NPA as percentage of Total Advances between the year 1993 and 2011. It was compiled from RBI's annual document "Trend and Progress of Banking in India" spread over these eighteen years. Such information is very useful to students, teachers and researchers in banking domain.
Economic and Financial Sector Reforms including banking sector reforms were introduced in the Indian economy in June 1991 for certain compelling political and economic reasons. In the process, the ailing Public Sector Banking system was cleaned up resulting in productivity, profitability, asset/liability and risk management, and balance sheet transparency as also management of NPAs (defined in 1993 and revised three times later conforming to global standards).
The table clearly indicates that while the business of banking (deposits, advances and investments) were growing at a fast pace, the NPAs were brought under control from a staggering 23.2 per cent in 1993 to 2.2 per cent in 2011. This is certainly a laudable achievement and not a cause of concern. However, efforts have to be continuously made to maintain this low levels of NPAs using all the legal tools and expertise.
Economic and Financial Sector Reforms including banking sector reforms were introduced in the Indian economy in June 1991 for certain compelling political and economic reasons. In the process, the ailing Public Sector Banking system was cleaned up resulting in productivity, profitability, asset/liability and risk management, and balance sheet transparency as also management of NPAs (defined in 1993 and revised three times later conforming to global standards).
The table clearly indicates that while the business of banking (deposits, advances and investments) were growing at a fast pace, the NPAs were brought under control from a staggering 23.2 per cent in 1993 to 2.2 per cent in 2011. This is certainly a laudable achievement and not a cause of concern. However, efforts have to be continuously made to maintain this low levels of NPAs using all the legal tools and expertise.
My Google+ page with Photos
My Google Plus with Photos
I have become an addict to net. I not only spend in googling and surfing for many things, but have uploaded many of my recent photos and videos in the Google+ page here. I am also present in Linkedin, Orkut, Face Book, Wiziq, Peer Power, and other social media sites. My scribd.com page had so far over 1.70 lakh viewers and the other two sites authorstream.com and slideshare.com also have my ppt files for viewing. Great feeling.
I have become an addict to net. I not only spend in googling and surfing for many things, but have uploaded many of my recent photos and videos in the Google+ page here. I am also present in Linkedin, Orkut, Face Book, Wiziq, Peer Power, and other social media sites. My scribd.com page had so far over 1.70 lakh viewers and the other two sites authorstream.com and slideshare.com also have my ppt files for viewing. Great feeling.
Sunday, December 18, 2011
Any Ways
I had collected this piece from New Delhi over a decade back, got it laminated and am hanging on my wall:
People are unreasonable, illogical and self centered. Love them anyway.
If you do good, people will accuse you of selfish ulterior motives. Do good anyway.
If you are successful, you win false friends and true enemies. Succeed anyway.
The good you do today will be forgotten tomorrow. Do good anyway.
Honesty and frankness make you vulnerable. Be honest and frank anyway.
People favor underdogs but follow only top dogs. Fight for some underdogs anyway.
What you spend years building, may be destroyed overnight. Build anyway.
People really need help but may attack you if you help them. Help people anyway.
Give the world the best you have and you'll get kicked in the teeth. Give the world the best you've got.
ANYWAY
People are unreasonable, illogical and self centered. Love them anyway.
If you do good, people will accuse you of selfish ulterior motives. Do good anyway.
If you are successful, you win false friends and true enemies. Succeed anyway.
The good you do today will be forgotten tomorrow. Do good anyway.
Honesty and frankness make you vulnerable. Be honest and frank anyway.
People favor underdogs but follow only top dogs. Fight for some underdogs anyway.
What you spend years building, may be destroyed overnight. Build anyway.
People really need help but may attack you if you help them. Help people anyway.
Give the world the best you have and you'll get kicked in the teeth. Give the world the best you've got.
ANYWAY
Saturday, December 17, 2011
Prefixes to Banking....
About a month back, I listed out 52 types of banking compiled from various sources. Later, I added two more and thought that enough is enough. Only yesterday, I came across another already familiar prefix to banking - Correspondent Banking! Does my search come to some halt any day before I start writing in detail on banking?
Tuesday, December 13, 2011
Long list of Varieties of Entrepreneurs
The more and more I delve deep into the topic of varieties of Entrepreneurs world over, my list is growing longer and longer. I just started with the basic word "Entrepreneurs".
And my compilation has taken me to touch a double digit. These are 1. Agri-preneurs 2. Edu-preneurs 3. Dalit Entrepreneurs 4. Food-preneurs 5. Green Eco Entrepreneurs 6. Kid Entrepreneurs 7. Medi-preneurs 8. Rural Entrepreneurs 9. Serial Entrepreneurs 10. Social Entrepreneurs 11. Tech-preneurs 12. Teen Entrepreneurs 13. Virtual Entrepreneurs 14.Women Entrepreneurs and 15. Young Entrepreneurs. Unbelievable long list, isn't it? Now I am tempted to write a book on all these.
And my compilation has taken me to touch a double digit. These are 1. Agri-preneurs 2. Edu-preneurs 3. Dalit Entrepreneurs 4. Food-preneurs 5. Green Eco Entrepreneurs 6. Kid Entrepreneurs 7. Medi-preneurs 8. Rural Entrepreneurs 9. Serial Entrepreneurs 10. Social Entrepreneurs 11. Tech-preneurs 12. Teen Entrepreneurs 13. Virtual Entrepreneurs 14.Women Entrepreneurs and 15. Young Entrepreneurs. Unbelievable long list, isn't it? Now I am tempted to write a book on all these.
Passive Income - According to Two Virtual Entrepreneurs!
And my list now stands at no. 15 varieties of entrepreneurs ending with Virtual Entrepreneurs! Great feeling...........na?
India Economic Summit 2010 - Innovating Rural Entrepreneurship Towards E...
I am thrilled to add another variety "Rural Entrepreneurship" to the big list of over dozen.
Startup America Young Entrepreneurs Panel
Here is an interesting clipping with a panel discussion on Young Entrepreneurs...
Kid Entrepreneur - Alexandra McDaniel
Yeah, I could lay my hand on "Kid Entrepreneurs" too. OMG. They are 8 and 9 years old!
Teen Entrepreneurs: Part One
After list about 8 varieties of entrepreneurs, I was still not satisfied. I went on searching of other types of entrepreneurs. First I thought of Young Entrepreneurs or Kid Entrepreneurs as a class and suddenly ended up at a search result for Teen Entrepreneurs from you tube. Very interesting achievers here.
Dalit Entrepreneurs and DICCI
Moving forward from simply listing the variety of entrepreneurs, I started searching for more information. Very interestingly, I came across formation of DICCI in Mumbai. Here is the link:
Dalit Entrepreneurs in India ...
Dalit Entrepreneurs in India ...
Trend and Progress of Banking in India 2011 (RBI)
Trend and Progress of Banking in Idia 2011 - RBI
This is an annual compilation of the banking scenario in India by RBI and released in Nov every year. A very useful document for all bankers, researchers, policy makers and students of banking and management besides of course to Academicians.
This is an annual compilation of the banking scenario in India by RBI and released in Nov every year. A very useful document for all bankers, researchers, policy makers and students of banking and management besides of course to Academicians.
Doing Business in India : IBEF and E&Y Report 2011
Doing Business in India
E&Y has brought a comprehensive report on Doing Business in India for 2011 with all updates.
E&Y has brought a comprehensive report on Doing Business in India for 2011 with all updates.
Bringing-back Black Money?
Quite often, we keep hearing our Parliamentarians demanding disclosure of balances in Swiss Bank accounts of our Indian politicians, businessmen and others. I donno when this finally would materialise. Once these details are disclosed what would be the procedure to bring back the amount to India? What will happen if the black money within India and brought from Switzerland is brought into Indian Economy? Any assessment made?
I wish Anna Hazare or Civil Society activists draw up an agenda extending from Lok Pal to anti-corruption or graft, anti-child labour, anti-dowry, and work on true Electoral Reforms so that only sincere, honest, educated, law-abiding and service-minded individuals enter Indian politics and work for reconstruction of the country.
I wish Anna Hazare or Civil Society activists draw up an agenda extending from Lok Pal to anti-corruption or graft, anti-child labour, anti-dowry, and work on true Electoral Reforms so that only sincere, honest, educated, law-abiding and service-minded individuals enter Indian politics and work for reconstruction of the country.
Variety of Entrepreneurs
Reading, Writing, Thinking and Knowing of Entrepreneurs is an on-going interesting act for me. Every story is different and every individual Entrepreneur has something unique to share. It is only from news papers, business magazines, biographies and internet or some organisations like TiE or NEN or Mumbai Angels or Indian Angels, we get to know of these special personalities. Be it young or old, male or female, qualified or otherwise, Indian or NRIs, professional, technical or social entrepreneurs, each one of them have been making the lives of their own selves and a vast number of others employed with them productive and meaningful.
Authors like Rashmi Bansal are going on capturing the facts and figures to chronicle these noble personalities. In the process of teaching courses on entrepreneurship to MBA students (although it is not so attractive elective course in many of the B-Schools for reasons best known to themselves) I came across a variety of entrepreneurs. To list them out my own way, there are agri-preneurs, tech-preneurs, edu-preneurs, social entrepreneurs, medi-preneurs, food-preneurs and dalit entrepreneurs. How interesting? I wish if only our Central or State Governments create Ministries or Departments for Entrepreneurs, compile data on them, encourage more and more such persons and announce Civil Awards every year in a big way!
Authors like Rashmi Bansal are going on capturing the facts and figures to chronicle these noble personalities. In the process of teaching courses on entrepreneurship to MBA students (although it is not so attractive elective course in many of the B-Schools for reasons best known to themselves) I came across a variety of entrepreneurs. To list them out my own way, there are agri-preneurs, tech-preneurs, edu-preneurs, social entrepreneurs, medi-preneurs, food-preneurs and dalit entrepreneurs. How interesting? I wish if only our Central or State Governments create Ministries or Departments for Entrepreneurs, compile data on them, encourage more and more such persons and announce Civil Awards every year in a big way!
Sunday, December 11, 2011
ATMs in Indian Banking Scene.....
I am not too sure as to how these ATMs entered the Indian banking scene in early eighties! May be one of the Foreign Banks like Citi Bank might have introduced the facility. At a time the Indian banking was still in its primitive style without automation or mechanisation, ATMs or Credit Cards were not well known let alone the bankers were also not inclined to offer them by investing heavily as also against stiff opposition from the Trade Unions. Thanks to reforms and transformation in the most important service industry, in the last two decades we witnessed many changes and advancements in the technology era.
With all the cry for taking banking services to the grass roots level against all odds, in the name of Financial Inclusion or Rural Development, there has been a tremendous increase in the bank branches per se and with an equal number of ATMs all over. If I have to guess, the figures could be around 85,000 each and a long way to go too. But the PSBs have taken the lead of offering ATM services in god-foresaken places including mountain tops or national highways and waterways. Biometric ATMs were introduced in rural areas and for illiterate customers. As regards security for ATMs, we keep hearing that there are some guarded and some not exposing to all sorts of risks and mis-use. We can't help it because after all it costs for the banks. And now, I read from the latest issue of IIBF Vision (Nov 2011) that these ATMs are 'Brown labelled' and "White-labelled"!
"Brown label ATMS": The news is that 5,000 brown label ATMs are on the anvil. Hughes Communications India, a broad-band satellite service provider will set up these ATMs in the country. The ATM hardware as well as lease under the ownership of the service provider, while connectivity and cash handling & management is the responsibility of the sponsor bank. This model has two primary benefits viz., banks will not have to lock their funds in a fast depreciating asset since the capital investment would be undertaken by the ATM vendor. Also, since the vendor gets a fee for every transaction from the bank whose ATM card is being used, there is an incentive to ensure efficiency in terms of usage.
"While label ATMS" : Hoping to cut transactions costs for banks, the Financial Ministry has asked RBI to allow common ATMs that will be owned and managed by non-banking entities. Called while-label ATMs, these money dispensers are proposed to be located in non-traditional areas and would levy some usage-fee on the customers. Globally, such ATMs are operated by Euronext, Clear Card and Ezee ATM. Currently, banks allow customers of other banks five free transactions of cash withdrawal at their ATMs per month but end up paying around Rs. 3,000 crore a year to settle inter-bank transaction costs. Setting up a while label ATM may also increase the quantum of withdrawal from an ATM. As of now, banks fix a cash limit at ATM based on the usage.
With all the cry for taking banking services to the grass roots level against all odds, in the name of Financial Inclusion or Rural Development, there has been a tremendous increase in the bank branches per se and with an equal number of ATMs all over. If I have to guess, the figures could be around 85,000 each and a long way to go too. But the PSBs have taken the lead of offering ATM services in god-foresaken places including mountain tops or national highways and waterways. Biometric ATMs were introduced in rural areas and for illiterate customers. As regards security for ATMs, we keep hearing that there are some guarded and some not exposing to all sorts of risks and mis-use. We can't help it because after all it costs for the banks. And now, I read from the latest issue of IIBF Vision (Nov 2011) that these ATMs are 'Brown labelled' and "White-labelled"!
"Brown label ATMS": The news is that 5,000 brown label ATMs are on the anvil. Hughes Communications India, a broad-band satellite service provider will set up these ATMs in the country. The ATM hardware as well as lease under the ownership of the service provider, while connectivity and cash handling & management is the responsibility of the sponsor bank. This model has two primary benefits viz., banks will not have to lock their funds in a fast depreciating asset since the capital investment would be undertaken by the ATM vendor. Also, since the vendor gets a fee for every transaction from the bank whose ATM card is being used, there is an incentive to ensure efficiency in terms of usage.
"While label ATMS" : Hoping to cut transactions costs for banks, the Financial Ministry has asked RBI to allow common ATMs that will be owned and managed by non-banking entities. Called while-label ATMs, these money dispensers are proposed to be located in non-traditional areas and would levy some usage-fee on the customers. Globally, such ATMs are operated by Euronext, Clear Card and Ezee ATM. Currently, banks allow customers of other banks five free transactions of cash withdrawal at their ATMs per month but end up paying around Rs. 3,000 crore a year to settle inter-bank transaction costs. Setting up a while label ATM may also increase the quantum of withdrawal from an ATM. As of now, banks fix a cash limit at ATM based on the usage.
Friday, December 9, 2011
Thursday, December 8, 2011
Friday, December 2, 2011
9th Leadership Lecture at TAPMI was delivered by Ms Chitra Ramkrishna
Ms Chitra Ramkrishna, Joint Managing Director of NSE Ltd., Mumbai delivered the 9th Leadership Lecture at TAPMI, Manipal on December 02, 2011.
Thursday, December 1, 2011
Wednesday, November 30, 2011
Amazing Indians on Times Now channel....
Amazing Indians on Times Now Channel...
These are the people, unheard, unsung and so on. What is the motivation for them? Propaganda, publicity, power, money? No, inner urge and concern for other less fortunate people around. After all, God has given us one opportunity to do good things. Not every one can be an Achiever or Amazing person. At least we can appreciate and emulate some of them if not all.
These are the people, unheard, unsung and so on. What is the motivation for them? Propaganda, publicity, power, money? No, inner urge and concern for other less fortunate people around. After all, God has given us one opportunity to do good things. Not every one can be an Achiever or Amazing person. At least we can appreciate and emulate some of them if not all.
Monday, November 28, 2011
FDI in Retail - Is it a Boon or Bane?
It was exactly six years back in November 2005, that after my brief visit to Hong Kong and having witnessed the retail markets and malls there, I formed a firm opinion that we should have more and more FDI in Retail.
In a debate published in the ICFAI Reader (monthly publication from Hyderabad), in a panel comprising of myself, Mr PT Giridharan, Mr Sundar Sankaran and Nitisha Patel, I was very forceful in stating that it was time for India to invite or allow more and more FDI in Retail. During the NDA regime at the Centre, the retail market was opened up and the buzz words were 'India Shining' and "Feel Good Factor". Unfortunately, these slogans did not give the desired impact to the political system. However, the successive governments have been favourably disposed to allow more FDI than the 26% prevailing then. I advocated it to be raised to 74%, if not the current debate of 100%.
If an ordinary citizen and an academician can foresee the markets and investment opportunities six years back, why not the planners and policy makers instead of fighting in the Parliament wasting public money?
In a debate published in the ICFAI Reader (monthly publication from Hyderabad), in a panel comprising of myself, Mr PT Giridharan, Mr Sundar Sankaran and Nitisha Patel, I was very forceful in stating that it was time for India to invite or allow more and more FDI in Retail. During the NDA regime at the Centre, the retail market was opened up and the buzz words were 'India Shining' and "Feel Good Factor". Unfortunately, these slogans did not give the desired impact to the political system. However, the successive governments have been favourably disposed to allow more FDI than the 26% prevailing then. I advocated it to be raised to 74%, if not the current debate of 100%.
If an ordinary citizen and an academician can foresee the markets and investment opportunities six years back, why not the planners and policy makers instead of fighting in the Parliament wasting public money?
Sunday, November 27, 2011
B-School Affaire, Mumbai
It was a different experience on Saturday the 26th Nov in Mumbai receiving an Award for TAPMI for Best B-School with Finance Curriculum at a program arranged by Best B-Schools Affaire with Dewang Mehta Memorial Committee. The prime organisers were Dr RL Bhatia and Dr Prasad Medury with respective credentials and involvement. I was just watching the spectacular event at Taj Lands End Hotel in Bandra (West). I had more than one reason to travel from Manipal to Mumbai for this event.
Incidentally, I was to meet my nephew Sai Abhishek (Patnaik), a management student from IPE, Hyderabad in the race for an Award besides Vatsala (Mumbai) and Sai from Delhi on tour. Interestingly, the program at 7 pm started with a national anthem (dedicated to 26/11 victims - for 3rd anniversary) and the first item was felicitating about a dozen Vice Chancellors from different parts of the country. I wonder, why UGC or MHRD / GOI does not do such events to best educationists every year on Sept 05.
Later, it was the turn of many prominent B-Schools like ISI, MDI, ISB, IIMK, IIML, IIM-Shillong, SP Jain or KJ Somaiah (of course TAPMI too) et al as also the leading and promising B-Schools to be honoured for various achievements. There may be some bias or favouritism if not publicity through sponsorship but it is inevitable. Certainly, there was encouragement for competitive spirit and research in management education for a large number of faculty members, management students and B-Schools, closing with a sumptuous dinner.
Incidentally, I was to meet my nephew Sai Abhishek (Patnaik), a management student from IPE, Hyderabad in the race for an Award besides Vatsala (Mumbai) and Sai from Delhi on tour. Interestingly, the program at 7 pm started with a national anthem (dedicated to 26/11 victims - for 3rd anniversary) and the first item was felicitating about a dozen Vice Chancellors from different parts of the country. I wonder, why UGC or MHRD / GOI does not do such events to best educationists every year on Sept 05.
Later, it was the turn of many prominent B-Schools like ISI, MDI, ISB, IIMK, IIML, IIM-Shillong, SP Jain or KJ Somaiah (of course TAPMI too) et al as also the leading and promising B-Schools to be honoured for various achievements. There may be some bias or favouritism if not publicity through sponsorship but it is inevitable. Certainly, there was encouragement for competitive spirit and research in management education for a large number of faculty members, management students and B-Schools, closing with a sumptuous dinner.
Three Pillars of a B-School
Thinking of good governance at a premier B-School in India, I was planning to write an article. The three pillars for this, according to me are Ownership, Leadership and Scholarship at the B-School by the important stake holders, the Faculty Members. I have had the good or bad fortune of working under at least four or five leaders (or Directors?) for over twelve years in two leading B-Schools in senior positions. Unfortunately, I witnessed a few shortcomings among these leaders like insecurity, indifference, inexperience and indecisiveness. This is very sad in today's highly competitive, modern and challenging days for Management Institutes of Excellence. The other stake holders like Students, Recruiters and Alumni are highly demanding like Value for Money if not Return on Investment!
Friday, November 25, 2011
Saturday, November 19, 2011
Thursday, November 17, 2011
Wholesale banking!
Wholesale Banking
My article may have to be amended. I had collected at least 54 prefixes to the term 'banking' by today. And, now I come across another although I knew it before.
My article may have to be amended. I had collected at least 54 prefixes to the term 'banking' by today. And, now I come across another although I knew it before.
3-6-3 Rule of Banking
3-6-3 Rule of Banking
I wish banking was so simple. Gone are those days that you can accept deposits at 3 %, lend at 6% and go for playing Golf at 3 pm. It is just impossible in today's technology and highly volatile world. Interest rates keep fluctuating wildly. Information keeps flowing from several directions - authorisedly and unauthorisedly too. Moreover, whatever has been lent may not be secure that repayments would come automatically. All these have got to be managed, particularly lendings and investments. Many a times the business of banking is affected by both internal and external factors.
I wish banking was so simple. Gone are those days that you can accept deposits at 3 %, lend at 6% and go for playing Golf at 3 pm. It is just impossible in today's technology and highly volatile world. Interest rates keep fluctuating wildly. Information keeps flowing from several directions - authorisedly and unauthorisedly too. Moreover, whatever has been lent may not be secure that repayments would come automatically. All these have got to be managed, particularly lendings and investments. Many a times the business of banking is affected by both internal and external factors.
Two more prefixes for 'Banking'
After having almost finalised an article with 52 types of banking titled BTB - Beyond Traditional Banking, today I have come across two more prefixes - Home Banking and Interstate Banking! The total number has now gone up to 54! I need to revise the article before it is published in "Pratibimb" the in-house e-magazine of TAPMI. I would love to deal with each of them in brief, at least in respect of those non-traditional terminology in order to arrive at a comprehensive picture of Banking today.
Sunday, November 13, 2011
Tuesday, November 8, 2011
Sunday, November 6, 2011
50 Prefixes to "Banking"
Prefixes the word Banking have been fascinating me in recent weeks after my reading about Shadow Banking and Palm Top Banking. I went on searching from all possible sources only to trace fifty such prefixes. I am compiling these to write an article soon with a title Beyond Traditional Banking (BTB).
Very interestingly, as I was moving forward today I hit upon two more terms viz., Transaction Banking and Wholesale Banking. With this my inventory would be fifty two. And then, still I see that out of the twenty six alphabets in the English language, I could only use nineteen of them the left over being H, J, K, Q, X, Y and Z. Here I given a link to http://www.finextra.com/fullfeature.asp?id=1636. There is a full report on Transaction Banking 2011 too for those who are interested in working further to know more.
Very interestingly, as I was moving forward today I hit upon two more terms viz., Transaction Banking and Wholesale Banking. With this my inventory would be fifty two. And then, still I see that out of the twenty six alphabets in the English language, I could only use nineteen of them the left over being H, J, K, Q, X, Y and Z. Here I given a link to http://www.finextra.com/fullfeature.asp?id=1636. There is a full report on Transaction Banking 2011 too for those who are interested in working further to know more.
Regulation or Governance of India's Private b-Schools
Regulation of Private B-Schools in India
I firmly believe that public or private b-schools in India be regulated in an era of reforms. GOI ministers of HRD made unsuccessful attempts to regulate IIMs a few years back and learnt lessons well.
The private b-schools are competing with the public sector and are endeavoring to deliver their best. That is the real spirit of reforms. What Ms Naina jacob dealt with in her article in Business Line of 4th Nov is more of a grievance of some wrong practices or mis-management by the authorities and can not termed as calling for good governance or regulations. In fact, there has been a legal issue going on between the leading private b-schools and the regulator on the issue of guidelines in December 2010.
I firmly believe that public or private b-schools in India be regulated in an era of reforms. GOI ministers of HRD made unsuccessful attempts to regulate IIMs a few years back and learnt lessons well.
The private b-schools are competing with the public sector and are endeavoring to deliver their best. That is the real spirit of reforms. What Ms Naina jacob dealt with in her article in Business Line of 4th Nov is more of a grievance of some wrong practices or mis-management by the authorities and can not termed as calling for good governance or regulations. In fact, there has been a legal issue going on between the leading private b-schools and the regulator on the issue of guidelines in December 2010.
Saturday, November 5, 2011
BI Best B-Schools Survey 2011 and before...
Business India Best B-School Rankings 2011
TAPMI was rated as 15th Best B-Schools in 2011 by The Week magazine recently. There is no change in its ranking last year (2010).
And one more ranking from Business India. TAPMI again is at no. 28 Best B-School in 2011 (same as in last year ie., 2010). A visit to the captioned web page of Business India for B-School Ranking Surveys it undertook in the year 2000 provides rich information on various aspects of Management Education in India, Ranking, Research, Publication, Global Management scenario and so on.
TAPMI was rated as 15th Best B-Schools in 2011 by The Week magazine recently. There is no change in its ranking last year (2010).
And one more ranking from Business India. TAPMI again is at no. 28 Best B-School in 2011 (same as in last year ie., 2010). A visit to the captioned web page of Business India for B-School Ranking Surveys it undertook in the year 2000 provides rich information on various aspects of Management Education in India, Ranking, Research, Publication, Global Management scenario and so on.
Tuesday, November 1, 2011
Beyond Traditional Banking (BTB)
I read in one of the last month's Business World (weekly magazine) issue, an article titled "Palm-Top Banking" and was fascinated to list down all varieties of prefixes to the word close to my heart - Banking. And today, in the Business Line (daily news paper) a long article on "Shadow Banking in China".
In my over four decades of banking (and non-banking too) career including teaching at MBA level for about twelve years, I came across more than forty such prefixes. If only I go on listing out these terms, the size of the blog runs into pages and loses its charm. Besides the traditional terms, I would like to share the new ones that I would be working on and write an article soon. These are: Ethical Banking, Green Banking, Lombard Banking, Shadow Banking, Village Banking, Eco Friendly Banking, Sustainable Banking, Inclusive Banking and Barefoot Banking. I am sure many of my students would feel strange.
In my over four decades of banking (and non-banking too) career including teaching at MBA level for about twelve years, I came across more than forty such prefixes. If only I go on listing out these terms, the size of the blog runs into pages and loses its charm. Besides the traditional terms, I would like to share the new ones that I would be working on and write an article soon. These are: Ethical Banking, Green Banking, Lombard Banking, Shadow Banking, Village Banking, Eco Friendly Banking, Sustainable Banking, Inclusive Banking and Barefoot Banking. I am sure many of my students would feel strange.
Monday, October 31, 2011
Wednesday, October 12, 2011
Monday, October 10, 2011
Sunday, October 2, 2011
Friday, September 30, 2011
Tuesday, September 27, 2011
Sunday, September 25, 2011
Saturday, September 24, 2011
Manipal
Manipal (Tulu/Kannada : ಮಣಿಪಾಲ, maṇipāl) is a university town situated in the state of Karnataka in India. It is a suburb within Udupi city and is administered by Udupi City Municipality. It is located in the rocky hinterland of the Malabar Coast of south west India, about 8 km (5 mi) from the Arabian Sea. From its location on a plateau, it commands a view of the Arabian Sea to the west and the Western Ghats range to the east.
t is situated 5 kilometres from the temple city of Udupi, and is 65 km (37 mi) north of Mangalore. Manipal was previously part of the Shivalli village panchayat. The name is derived from Mannu palla Anglicised to Manipal. Mannu means mud and Palla means lake in Tulu Language. This lake to which Manipal owes its name still has a pride of place in this university town and it offers boating facilities. Manipal was once a barren hill with few trees. This hill was transformed to a University town by Dr.T. M. A. Pai starting in the 1950s.
MANIPAL, according to me, stands for two great visionaries - Madhav Pai (Dr TMA Pai - the founder of this mini-metro, who was a doctor, banker, edupreneur, philosopher and a Padmashri), his nephew Ananth Pai (T A Pai - a banker and accomplished administrator as Chairman of Syndicate Bank / LIC / FCI as also Union Minister for Heavy Industries / Civil Supplies / Railways/Steel & Mines, and a Padma Bhushan awardee), Net-worked, Inclusive & Innovative, Progressive, Academic and Learners Paradise.
t is situated 5 kilometres from the temple city of Udupi, and is 65 km (37 mi) north of Mangalore. Manipal was previously part of the Shivalli village panchayat. The name is derived from Mannu palla Anglicised to Manipal. Mannu means mud and Palla means lake in Tulu Language. This lake to which Manipal owes its name still has a pride of place in this university town and it offers boating facilities. Manipal was once a barren hill with few trees. This hill was transformed to a University town by Dr.T. M. A. Pai starting in the 1950s.
MANIPAL, according to me, stands for two great visionaries - Madhav Pai (Dr TMA Pai - the founder of this mini-metro, who was a doctor, banker, edupreneur, philosopher and a Padmashri), his nephew Ananth Pai (T A Pai - a banker and accomplished administrator as Chairman of Syndicate Bank / LIC / FCI as also Union Minister for Heavy Industries / Civil Supplies / Railways/Steel & Mines, and a Padma Bhushan awardee), Net-worked, Inclusive & Innovative, Progressive, Academic and Learners Paradise.
Saturday, September 17, 2011
TAPMI is the 20th Best B-School in India per Outlook Survey 2011
Congratulations to all TAPMIans. Please see latest Outlook B-School Rankings Survey results for 2011 here : http://www.outlookindia.com/ar
Thursday, September 15, 2011
Friday, September 9, 2011
Wednesday, August 31, 2011
Shadow Banking
Commercial Banking has taken several twists and turns over the last few decades. Traditional banking is yet to standardise and reach the rural / needy population in India. In the initial years after independence in 1947, the only parallel was Developmental Banking in organisations like IFCI, ICICI and IDBI. Later a few more were added like NABARD, IDFC, SIDBI, EXIM Bank, IL&FS, IIFCL and so on. In the last two decades or so, new dimensions like Investment Banking, Corporate Banking, Rural Banking, etc have also appeared on the Banking scene.
With the economies going up and down Narrow Banking, Lazy Banking and Universal Banking and lately with the advent of Information Technology, Virtual or Internet Banking also came in. Recent times, Retail Banking and Mobile Banking are dominating the scene. And now, to read about Visible Banking and Shadow Banking besides of course, Door Step Banking is very interesting. All these are innovations!
Sunday, August 21, 2011
Roots : Our Sistakaranam Community in AP : History
Sistakaranam community in AP
Here is a write up on our Sistakaranam / Patnaik community belonging to AP in the wikipedia pages.
Here is a write up on our Sistakaranam / Patnaik community belonging to AP in the wikipedia pages.
Friday, August 19, 2011
Roots - disc 1, part 2
"Roots" by Alex Haley was a popular novel of 1978 dealing with slaves being taken from Afican jungles to America centuries back. The hero's name is Kunta Kinte. It is now available in video clippings!
Wednesday, August 17, 2011
Saturday, August 13, 2011
Wednesday, August 10, 2011
Wednesday, July 27, 2011
Monday, July 25, 2011
Leuven City Drive
Last month, in June 2011 we, the group of MESM delegates on European Study Tour were in Leuven.
Saturday, July 2, 2011
Sunday, June 26, 2011
Cycling Tracks in Bangalore?
Strange news in TOI, Bangalore today. Bangalore Municipality is serious to introduce planned track system on Jayanagar roads for Cyclists. A movement is on by Cyclists of Bangalore demanding fair treatment in Malls and Five Star Hotels too for parking cycles besides on roads. Delhi already seems to provide this arrangement to its cyclists. I have just returned from Germany / Europe where I was impressed with such a special facility is given to the Cyclists
Wednesday, June 22, 2011
Back from Europe Study Tour
Wednesday, June 15, 2011
Monday, June 13, 2011
Sunday, June 12, 2011
Saturday, May 28, 2011
TAPMI Manipal
Old and New Photos of Manipal, India
Tonse Anantha Pai Management Institute (also known as T A Pai Management Institute or TAPMI) is located in Manipal, Udupi District, Karnataka, India. It was founded by Shri T A Pai in early eighties as Manipal Institute of Management and later renamed as TAPMI in 1984. Manipal is an educational hub and was the brain child of Dr Tonse Madhav Ananth Pai (Dr TMA Pai) who was uncle of late Shri T A Pai. The two major websites of Manipal University and TAPMI are http://www.manipal.edu/ and http://www.tapmi.edu.in/ respectively.
Besides the information on Manipal disseminated through these websites and various publicity channels, some enthusiasts also blog extensively. My blog is http://www.chowdarip.blogspot.com/ and I am giving a link to another called Manipal Blog in which several photographs and related information is loaded. The above is the link. It is actively managed by Dr Vishal Bhat of Manipal University.
Tonse Anantha Pai Management Institute (also known as T A Pai Management Institute or TAPMI) is located in Manipal, Udupi District, Karnataka, India. It was founded by Shri T A Pai in early eighties as Manipal Institute of Management and later renamed as TAPMI in 1984. Manipal is an educational hub and was the brain child of Dr Tonse Madhav Ananth Pai (Dr TMA Pai) who was uncle of late Shri T A Pai. The two major websites of Manipal University and TAPMI are http://www.manipal.edu/ and http://www.tapmi.edu.in/ respectively.
Besides the information on Manipal disseminated through these websites and various publicity channels, some enthusiasts also blog extensively. My blog is http://www.chowdarip.blogspot.com/ and I am giving a link to another called Manipal Blog in which several photographs and related information is loaded. The above is the link. It is actively managed by Dr Vishal Bhat of Manipal University.
Wednesday, May 25, 2011
Memorable Vacation 2011
It was a memorable vacation of one month for me this year. Immediately after our Convocation on March and a few days, we (faculty teams) moved to different destinations on April 01 for Admissions interviews. I happened to be in Kolkata, Mumbai and Bangalore. Back from this job, and after a few days work, I took annual vacation of one month from April 24 and proceeded to Bangalore (from Manipal) on 23rd itself.
On reaching and while watching news on TV during the day, the sad news of demise of Bhagwan Sri Satya Sai Baba was flashed. End of that week, precisely on April 30, I took delivery of Nissan Micra (my daughter's choice) in Bangalore. On 2nd May the news of Osama Bin Laden's death in Abbottabad by USA forces was flashed. In the mean time, of course IPL 4 matches have also been going on. Besides, the tamasha on Elections in Bengal, TN, Assam, Kerala and Pondicherry were also in news.
On 6th I left Bangalore for Kurnool (for research work) and to Hyderabad on the 7th May. I met almost all my old friends / colleagues and relatives during one week stay roaming round Hyderabad in my Nissan (despite tough traffic) including survey of real estate in the city. On 13th I started from Hyderabad to Bangalore via Puttaparthi to have a Darshan of the devine place in absence of Baba and reached home by 10 pm. In Bangalore the hunting was on for fixing up a new flat in comparison to Hyderabad.......
I travelled to Chennai on the 19th by train with the MESM group and stayed a night in Hotel Peninsula. Next day, it was a smooth sail at the German Consulate for our visas. On Saturday the 21st, I attended a wedding of my old friend Mr Suryananarayana's (1975 M Com classmate) daughter in Velacherry. I also met a few old friends of Hyderabad viz., Gopal, Murthy and Rammohan Rao and it was pleasant feeling.
22nd May was the day we had Summer Hues of TAPMIans in Chennai at Hotel Benzz Park, T Nagar. Having had a satisfying trip, I returned to Bangalore on 23rd only to attend another event - Aparna's son's Upanayanam. On the evening, I had a pleasant task of seeing off some guests at Bangalore Cantonment Railway Station. Back home, RK was waiting for a cozy dinner! Now, the work of packing for next month's Euro tour started in a small way that I left behind quite a few of personal belongings for the trip. Today, I am in Manipal back at work followed by meetings and discussions on the Europe trip at MCES.
On reaching and while watching news on TV during the day, the sad news of demise of Bhagwan Sri Satya Sai Baba was flashed. End of that week, precisely on April 30, I took delivery of Nissan Micra (my daughter's choice) in Bangalore. On 2nd May the news of Osama Bin Laden's death in Abbottabad by USA forces was flashed. In the mean time, of course IPL 4 matches have also been going on. Besides, the tamasha on Elections in Bengal, TN, Assam, Kerala and Pondicherry were also in news.
On 6th I left Bangalore for Kurnool (for research work) and to Hyderabad on the 7th May. I met almost all my old friends / colleagues and relatives during one week stay roaming round Hyderabad in my Nissan (despite tough traffic) including survey of real estate in the city. On 13th I started from Hyderabad to Bangalore via Puttaparthi to have a Darshan of the devine place in absence of Baba and reached home by 10 pm. In Bangalore the hunting was on for fixing up a new flat in comparison to Hyderabad.......
I travelled to Chennai on the 19th by train with the MESM group and stayed a night in Hotel Peninsula. Next day, it was a smooth sail at the German Consulate for our visas. On Saturday the 21st, I attended a wedding of my old friend Mr Suryananarayana's (1975 M Com classmate) daughter in Velacherry. I also met a few old friends of Hyderabad viz., Gopal, Murthy and Rammohan Rao and it was pleasant feeling.
22nd May was the day we had Summer Hues of TAPMIans in Chennai at Hotel Benzz Park, T Nagar. Having had a satisfying trip, I returned to Bangalore on 23rd only to attend another event - Aparna's son's Upanayanam. On the evening, I had a pleasant task of seeing off some guests at Bangalore Cantonment Railway Station. Back home, RK was waiting for a cozy dinner! Now, the work of packing for next month's Euro tour started in a small way that I left behind quite a few of personal belongings for the trip. Today, I am in Manipal back at work followed by meetings and discussions on the Europe trip at MCES.
Saturday, May 7, 2011
Girigiri Banking!
I got to know of this term 'Girigiri Banking" while reading two books on Microfinance for my research work. Earlier, I had written about many facets of banking and terminology from A, B, C, D, to....................
Now that my interest is increasing towards my PhD work on Microfinance, let me study this Girigiri Banking and write more in coming days. Today, I reached Hyderabad by my new car to spend time with friends and relatives as part of my vacation. Once bak in Manipal, some serious work should re-commence.......
Now that my interest is increasing towards my PhD work on Microfinance, let me study this Girigiri Banking and write more in coming days. Today, I reached Hyderabad by my new car to spend time with friends and relatives as part of my vacation. Once bak in Manipal, some serious work should re-commence.......
Screw It, Let's Do It
This quick read book by Virgin Group Founder Richard Branson is very interesting. Surprising and interesting that Ricky is another school dropout genius who was an entrepreneur at this fifteenth year. I have his other books too to be read.
Last month, I picked up two more books in Bangalore - Connect the Dots by Rashmi Sehgal and the above. But for my mixed commitments to home, work and research besides travel and acquiring a new car, I should complete reading all those five or six books waiting on my racks in Manipal.
Looking forward for the May 20th visit to Chennai Office of German Consulate for Schengen Visa. Also of course for the much planned five nation study tour with the MESM students. Hopefully, things go well.
Last month, I picked up two more books in Bangalore - Connect the Dots by Rashmi Sehgal and the above. But for my mixed commitments to home, work and research besides travel and acquiring a new car, I should complete reading all those five or six books waiting on my racks in Manipal.
Looking forward for the May 20th visit to Chennai Office of German Consulate for Schengen Visa. Also of course for the much planned five nation study tour with the MESM students. Hopefully, things go well.
Thursday, April 28, 2011
Sir Richard Branson Profile: Men with Mojo Series
I bought a quick read book by Richard Branson titled "Screw it; Let's Do it". It is a lean but comprehensive life story of Branson on his childhood, school days, business ventures, hobbies like flying in hot balloons and other adventures too. A very specimen indeed. Another School dropout who became globally famous for his risk taking business acumen and travelling world over for fun and peacemaking.
Yet another banking platform?
http://www.bankofbaroda.com/careers/Manipal.asp
This is an interesting development. ICICI Bank and Manipal Academy has been churning out batches of young Probationary Officers through this platform in the expansion program of the bank.
Now, Bank of Baroda is also partnering with Manipal for a similar avenue to increase the employability of young qualified and talented youth to join the Nationalised Bank.
This is an interesting development. ICICI Bank and Manipal Academy has been churning out batches of young Probationary Officers through this platform in the expansion program of the bank.
Now, Bank of Baroda is also partnering with Manipal for a similar avenue to increase the employability of young qualified and talented youth to join the Nationalised Bank.
Sunday, April 24, 2011
Tuesday, April 19, 2011
Jagjit Singh Sings-Jane Wo Kaise Log The
Another popular song from Pyasaa but sung by Jagjit Singh..............Great!
ye duniya agar mil bhi jaaye-PYASA GDuttnayan.VOB-.mpg
1957 popular movie of Guru Datt...........eternal music and story, of course.
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