Global Banking- Emerging Trends

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Global banking faces many challenges. While internationally active banks are the order of the day, small and medium banks have a role to play. Operational risk in banks acquires greater significance in the context of major frauds committed in the recent past. The US sub-prime crisis teaches banks not to dilute loan pricing and risk management standards, not to relax credit standards because of excess liquidity and not to resort to securitization and credit transfer mechanism, without proper appreciation of the attendant risks. Banking in the US will continue to experience a favorable environment but may face inadequate safeguards in the use of technology. In Europe, bank consolidation may provide a mixed bag. The EU accession countries have to continue with extensive structural and institutional reforms. Chinese banking has opted for public ownership through IPO route as a measure to strengthen banks through foreign ownership. It is a turnaround story for the major banks in Japan, which have embarked on radical reforms. Indian banking is strong, stable and vibrant but it faces the challenges of convergence, consolidation and competition. In future, customers will redefine the rules of the game and banks face intensified regulatory burden. While technology will be a critical element of success, banks need to focus on their core strengths and partner for everything else. Effective performance management and optimizing the potential of each customer relation are also the strategic imperatives. Global banking witnesses a paradigm shift and to manage transition, market participants need to understand the changing nature of risk in the context of increasing use of innovative and complex instruments. Bank disclosures need to keep pace with market developments and banks need to enhance governance standards.

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.

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Bibliographic information

Title
Global Banking- Emerging Trends
Author
Edition
1st ed.
Publisher
ISBN
9788131420690
Length
232p.
Subjects