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From the Editor's Desk

From the Editor's Desk

When loans are sticky, why are they accused of wrong doing?

Commercial banks are sitting on a huge pile of bad assets, which some estimates say is as alarmingly high as 15 per cent of their assets. Though bad loan is not unusual in the lending business of an institution, overwhelmingly big size defaults by a handful of borrowers, especially through defrauding are not usual. There are two reasons for this menace; the first one being external, which is out the borrowers’ control and the second one willful defaults. While willful defaulters should not be spared, the former category has to be looked into seriously for mutually winnable solution.

Udaykumar K.V

Group Editor

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Guest Column

Guest Column

Demonetization Impact

The dawn of digital currency

Those who are capable of reading the scenario correctly and having stomach for a change according to the necessity of time, strong talent and right technology prowess to innovate and deliver, can stay as a force to reckon with. When the market throws up new challenges banks will have to be ready with their tech-driven solution and galvanize their HR function to manage the changing contortion of the industry, says Mr Aneish Kumar, Managing DirectorBank of New York Mellon (BNY Mellon).

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Karur Vysya Bank

Karur Vysya Bank

Smart way to banking


While maintaining traditional clout, KVB could successfully expand its base pan-India. KVB, with its long history of supporting large number of enterprises in their business growth, has shown its resilience to all storms. Its three-way strategy of discrete lending approach, focus on building operational efficiency on calculated book size as well as its commitment to quality business worked well. While analysts applaud its focus, investors cheer about value creation and customers admire its services.

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Digital Education

Digital Education

India has quarter of million gram panchayat. Under the digital literacy programme on an average 200-300 candidates would be trained to ensure that the programme renders desirable result.

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SMERA Ratings

SMERA Ratings

"The era of e-governance and India’s gradual shift towards cashless economy may make all business operations more transparent, though SMEs still have huge challenges in managing the sudden changes. They need an atmosphere under which they can do business without worrying about tax and compliance inspectors. That will help the SMEs become more transparent and optimistic," says Mr Sankar Chakraborty, Chief Executive Officer of SMERA Ratings Ltd.

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Bank's Bad Loans

Bank's Bad Loans

Public sector banks have shown significant growth in their recovery from bad loan accounts in the first half of the current financial year. The second is expected to show even more significant improvement. 

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Budget 2017-18

Budget 2017-18

The budget for the financial year 2017-17 has made some important sector specific announcements for MSME sector. The reduction of income tax rate to 25% (from the existing 30%) for smaller companies within an ambit of Rs 50 crore turnover has been announced. This 5% tax respite will make a huge difference in the revenue chains of the MSMEs and we will also witness a significant shift from proprietorship registrations to private limited/ LLP registered firms creating a more favorable working environment for MSME players, says Mr R Narayan, Founder and CEO, Power2SME.

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New Strategies

New Strategies

Though it seems the government does not maintain a separate list of FDI in the SME sector, the government has provided certain provisions for FDI in retail trading sector to look after the interest of Indian SME sector.

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Cow Economics

Cow Economics

Talks of tasteless topic dominate social media. The Jallikattu issue brought domestic breed of bulls and deshi cows on a centre stage of discussion. Often interpretations have no merit and argument baseless. Facts are overlooked. 

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Solar power at Rashtrapati Bhavan

Solar power at Rashtrapati Bhavan

President of India has inaugurated a 508 kWp rooftop solar power plant at Rashtrapati Bhawan, installed and commissioned by Jakson Group. This plant will generate approximately 7.41 lakh units of green electricity every year and provide power for the electricity needs of the President’s estate.

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e-commerce training

e-commerce training

National Institute of Entrepreneurship and Small Business Development (NIESBUD), an autonomous body under Ministry of Skill Development and Entrepreneurship, has signed a MoU with Anuna Education for implementing pan-India eCommerce training for industrial/artisan clusters and village level entrepreneurs (VLE).

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Emerging India

Emerging India

Convergence India 2017 promises to make the country’s digital dream a reality

The Convergence India 2017 expo and Internet of Things India 2017 expo (IoT India 2017) is said to have opened its doors, celebrating the 25th anniversary of South Asia’s most influential and relevant trade event for the ICT, broadcast and digital media industries. 

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Partner of the Year 2016

Partner of the Year 2016

CSS Corp, a leading IT services and tech support company recently won the prestigious Partner of the Year – 2016 Award from NETGEAR, a global networking company. The award was announced at the NETGEAR vendor summit held in Santa Clara, CA, USA in January this year.  CSS Corp bagged this award by scoring high across four major partner criteria of being the most innovative and value added partner, the best in class overall performer, the top performer in premium tech support, and world class customer experience management.

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Awards

Awards

Mr Ananth Geete, Union Minister of Heavy Industries and Public Enterprises today presented the Export Awards for the year 2014-15 at a function held in Vigyan Bhawan, New Delhi. The event was organized by organized by CAPEXIL (Chemical and Allied Export promotion Council of India, a non-profit making organization. 

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Corporate Brief

Corporate Brief

Acquisition will significantly boost Yash’s abilities to drive advanced analytics and transformational services for its customers.

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