CSB Gets shareholders nod to sell 51% equity to

Fairfax

21st march.

IMPACT-

The news is talk about catholic Syrian bank approved its managements
proposal for sale of 50% of the total equity to the Indian arm of Fairfax financial
and the sale is will be rs.12 billion

This would helps to the bank to invest in technology and upgrading

the existing 428 branches and to open more. The aim is to another1000. According
to the news bank improve the net interest margin over the next 2 year from the
current 2.7% to 3.5%. Also to reduce the proportion of NPAs from 7.16% to 2%
and 4.45% by year 2022.

ICICI securities raises Rs.17 billion from anchor investor

22nd march

Impact

ICICI securities IPO opens for subscription on Thursday. Parent ICICI

bank is disinvesting a 24% stake for above rs.40 billion through the IPO it helps
icici securities the countries leading broking and investment banking firm.
 S&P: Banking sector could witness turnaround in FY20

21st march

Impact

S&P global ratings send banking sector could witness turn around in 2019-
20 the recent rs.129 billion fraud at PNB highlights the inherent weakness in the
governance & transparency standards in this INDIAN banking system.

Patel slams govt. for limitation of power;

RBI governor says frauds like PNB are painful : regulatory power must
be ownership neutral

14th march.

Impact

According to news RBI governor urjit patel said the central bank had very
limited authority . the govt. had taken away all the powers of the central bank. RBI
was actually helpless, as nighther did it have a power to replace the board of public
sector bank, or force a merger.

Patel said the RBI had a more power over private sector bank than over
public sector banks.
 Private banks market share to touch 50%in 5 years: KOTAK

20th march

Impact

According to these banks rapidly adoption of technology across a banking

system will help private sector banks increases their market share from the current
30% to 50% over the next 5 years.

Kotak bank announce digital first organic growth strategy which would
be driven by artificial intelligence and enriched app, biometric enable bank
context, enhance customer experience and data empowered designed. According
to the bank a zero charge digital account launched in march-2017 based on aadhar
authentication it helped to bank grow its customers 8 million to 12 million in 9
months.

World bank projects GDP growth at 7.3% for FY2019

14th march

Impact

According to the news India GDP growth in 2017-18 unchanged at 6.7%.

the world bank has signal that growth forecast for 2018-19 is 7.3% and 7.5% in
2019-20. The growth projection come with the assumption that investment will
grow at 6.7% in 2019-20. The Indian economy has steady, stable, diversified and
resilient according to world bank country directors .
 PNB on mission parivartan

20th march

Impact

According to these news hit hard by nirav modi fraud PNB embarked on
mission parivartan. The bank make a new strategy includes profit maximization,
improvement of asset quality and recovery, increasing productivity. The new ideas
for augmenting new business and reducing errors and complaints. The bank has
created lead parivartan portal to engaged in the transformation process and
involves crowd sourcing of suggestions and ideas of from all PNBians.