Banking: The New Challenges

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Banking has the prime role in igniting growth and transforming the global economy. Given this scenario, new challenges that emerge in banking, are dealt with in this book.Basically, financial strengthening and deepening, features of a global economy, move in tandem with economic growth, and are the issues to be addressed. The transition to the Basel-2 accord, and the systems of Advanced Internal Rating (A-IRB) for credit risk and Advanced Measurement Approach (AMA) for operational risk are beset with complexities in routine operations. Seccuritization and Reconstruction of Financial Assets and Enforcement of Security Interest Act (SARFAESI) was enacted, and deemed the panacea for all NPA problems in banks. Many bankers consider that the Act did not bear fruit. True, the Act made the defaulters panic; its progress was tardy and halting. Yet, it is reassuring to note that NPAs worth over Rs.15000 crores were acquired by the Asset Reconstruction Company (India) limited, and is a good augury. In a global economy, efforts at prevention of money laundering are resisted strongly by organized crime groups involved in drug trafficking, corruption, financial improprieties, terrorism and so on. Primarily, Bancassurance is deemed the solution by both banks and insurance companies for income augmentation in financial retailing operations. The Corporate Debt Restructuring has to fall in line with the guidelines issued by RBI, for bailing out the debts due from medium and large units. Such cases shall invariably fulfill the viability criteria laid down. Contents of this book place these issues in perspective.

ABOUT THE AUTHOR Katuri Nageswara Rao

Katuri Nageswara Rao (b. 1946) has worked in Indian Overseas Bank for 27 years followed by a brief stint of 20 months in Karur Vysya Bank as Head of the Staff Training College, Karur. During his tenure at Indian Overseas Bank, he had exposure in critical areas like credit appraisal and supervision, senior level branch management, inspection and rehabilitation of sick units. He holds an M.Sc. degree (Mathematics) from Sri Venkateswara University and is a CAIIB from the Indian Institute of Bankers, Mumbai. Presently, he is the Associate Dean, ICFAI University, Hyderabad. He is also the Consulting Editor of Professional Banker, a monthly magazine, published by the ICFAI University Press. His articles on banking and general management have been published in The Economic Times, The Hindu Business Line and The Times of India. He has already edited a few books for the ICFAI University Press on banking related topics. He has authored a book titled, "Global Banking-Asia-Pacific Region" also published by the ICFAI University Press.