Tag Archive for banks

Prof. Abhijit Banerjee delivers Exim Bank’s 34th Commencement Day Annual Lecture

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Professor Abhijit Banerjee, Ford Foundation International Professor of Economics at Massachusetts Institute of Technology delivering the lecture on "Redesigning Social Policy"at the EXIM Bank's 34th Commencement Day Annual Lecture

Professor Abhijit Banerjee, currently the Ford Foundation International Professor of Economics at Massachusetts Institute of Technology (MIT), delivered the Export-Import Bank of India’s (Exim Bank’s) 34th Commencement Day Annual Lecture in Mumbai on January 9, 2019. Professor Banerjee is also the co-Founder and Director of the Abdul Latif Jameel Poverty Action Lab at MIT and has been an honorary consultant at the Planning Commission of India. He spoke on the topic, “Redesigning Social Policy”.

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HDFC Bank’s Treasury Research Team’s Report on RBI Policy Watch: The Long and Winding Price Road

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Mr. Abheek Barua, Chief Economist, HDFC Bank

Today’s policy decision suggests that the RBI seems to be taking a long term view on inflation rather than remaining purely data dependent. The discussion on the possible increase in inflation early next year (Estimate of Q1 2019-20 to 5%) as well the assertion that policy rate changes impact the real economy with a lag (with a shorter lag in transmitting to lending rates) corroborates this.

  • Also, RBI’s statements on increasing external risks and discussions on currency contagion (currency war) in the press conference, confirms our belief that the RBI is not in favour of excess depreciation and seems to want to hold on to a certain exchange rate level. A rate hike is a textbook method of defending a currency.
  • Given the upside risks to inflation, discussed extensively, another policy rate hike cannot be ruled out. However, if there is an escalation in trade war risks and a resultant global output compression then the RBI could be prompted to stay on a prolonged pause.
  • The RBI committed that liquidity conditions would be maintained close to the neutral level. This means the supply side pressures in the second half of this year could be offset by OMOs but it is unlikely that we will have any liquidity surplus. We expect OMO purchases to the tune of INR 800bn in 2018-19, including INR 300bn done so far.
  • The bond market seems to have reacted in a positive way to the rate hike (decline in 10 year yield by 6bps). This we believe is in response to the RBI’s commitment to keep the liquidity situation neutral instead of allowing the system to move into a large deficit.
  • We believe, that another rate hike is still on the table and as a result bond yields could continue to go up (after today’s relief rally). In this regard, it’s important to watch out for the inflation readings in September and October (which could be reflective of the impact of higher MSPs). Even without a major uptick in inflation, the sheer supply of government bonds (states and centre) could keep the yields elevated. Important to note, so far only 20% of the budgeted borrowings for centre and state governments has been done with majority of the supply expected to come in the second half of the year. Read more

‘Leave it to us’ – assures South Indian Bank’s new campaign

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

18 x 18 perambra

The Kerala based South Indian Bank has launched a new campaign across print, digital and OOH on the platform ‘Leave it to us’.

Conceptualized by Blackswan India, the campaign hits the market at a time when the need of the hour is an assurance from the banker to the customer. The campaign tells the customer that South Indian Bank is always there for you, whatever your need is. Read more

Improvement in Transport Infrastructure Necessary for Reducing Trade Cost and Enhancing Regional Integration in Africa: Exim Bank’s Study

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By Vivek K. Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

13th-CII EXIMBank

Export-Import Bank of India (Exim Bank)’s study entitled “Connecting Africa: Role of Transport Infrastructure” was released at the hands of Shri Suresh Prabhu, Hon’ble Minister of Commerce & Industry, Government of India, in the presence of H E Dr Saulos Klaus Chilima, Vice President, Republic of Malawi, H E Mr Edward Ssekandi, Vice President, Republic of Uganda, Hon Gen (Rtd) Dr. Constantino G.N.D. Chiwenga, Vice President, Republic of Zimbabwe, Mr. David Rasquinha, Managing Director, Export-Import Bank of India,  Ms. Shobana Kamineni, President, Confederation of Indian Industry (CII) and Mr. Chandrajit Banerjee, Director General, CII during the CII-EXIM BANK Conclave on India Africa Project Partnership held at New Delhi on March 25, 2018.

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Tata Communications Payment Solutions Launches Game Changing White Label ATM Solution for Banks to Deploy ATMs Instantly

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Tata Communications Payment Solutions Limited (TCPSL), that owns and operates India’s first and largest white label ATM (WLA) network under the brand name, Indicash™’,  today announces the launch of a game changing WLA solution for Banks that is set to redefine the ATM deployment approach of Banks in the country. The new solution allows Banks to instantly expand their ATM network in a cost effective manner by leveraging the existing network of 8500 Indicash™ ATMs, through a co-branding arrangement. Read more