Bulletin 16 - 07

Issue 13 by 31
13/02/2016
KURINJI
E - BULLETIN
STAFF TRAINING COLLEGE, CHENNAI
Issue
No:
AN E-COMPILATION OF BANKING
16/07 ARTICLES
Saturday, August 03, 2013
Bank of India Staff Training College, Chennai Issue No.16/07
Phone: 044-28132731, 28130896, 28133815 e- mail Id: stcchennai@bankofindia.co.in (For Private Circulation Only)
Foreword
In the recent times, we have been witnessing manifold challenges emerging

in the arena of banking viz. stressed asset quality, shrinking NIMs, issues
with regard to rebalancing of asset portfolio, managing liabilities with an
eye to increasing the bottom-lines ..etc.
In these fast-changing and challenging times, our team members at all

level are required to have full awareness of the news and happenings in the
areas concerning them.
It is in this context that our training establishments are required to play a

role as facilitators. We as a training college are fully seized of this role
and the instant effort of coming out with this E-Bulletin is our modest but
focussed initiative in the direction of providing our people a ready access
and insight into the critical & topical topics, which have been in the news.
Your feedback & comments on its utility are welcomed and will enable us to
improve upon the publication with the above-referred objective in mind.
K. N. Mann,
DGM & Prinicpal
Staff Training College
Chennai
Saturday, February 13, 2016 Page 2 of 22

E - Bulletin
(For Private Circulation only)
Index
BANKING & FINANCE.................................................................................................................................... 4
SPEEDY CLEAN-UP TO HIT BANKS’ PROFITS.............................................................................................................. 4
END OF CROP LOAN SUBSIDY LIKELY TO HEIGHTEN DEFAULTS, BANKS SAY........................................................................6
RBI REASSURES BANKS ON LIQUIDITY..................................................................................................................... 7
ECONOMY & POLICY..................................................................................................................................... 8
CSO PEGS 2015-16 GROWTH AT 7.6%................................................................................................................. 8
GST SEEMS FATED FOR FURTHER DELAY; DRAFT BILL NOT IN PLACE...............................................................................9
MISCELLANEOUS........................................................................................................................................ 11
POST OFFICE SMALL SAVINGS COLLECTIONS UP 700%.............................................................................................. 11
BANKS WILL BE RESTORED TO HEALTH: RAGHURAM RAJAN.......................................................................................12
STEADY RISE IN PSB BAD LOANS ALARMING: PANEL................................................................................................ 14
INFORMATION TECHNOLOGY..................................................................................................................... 16
VISA DEVELOPER OPENS UP PAYMENTS TECHNOLOGY.............................................................................................. 16
MIND VOICE............................................................................................................................................... 18
WINNERS VERSUS LOSERS:............................................................................................................................... 18
HEALTH...................................................................................................................................................... 20
7 TIPS FOR HEALTHY BONES.............................................................................................................................. 20
LET US LEARN……........................................................................................................................................ 22

BANKING & FINANCE
Speedy clean-up to hit banks’ profits

The high-speed clean-up of banks’ books will hurt earnings growth at
state-owned lenders and their ability to raise money from the capital
market. Following the Reserve Bank of India’s (RBI) directive to banks to
provide properly for all exposures by March 2017, there has been a sharp
drop in the stock prices of state-owned lenders. However, stocks may not
really be as cheap as they appear since cleaner balance sheets would call
for more provisioning and probably write-offs too.
The existing and future stress on banks’ books — expected to result in a

deteriorating earnings profile — has left the price to book value (PBV) of
most PSBs at near two-year lows. The market capitalisation for state-
owned lenders as a whole, which was Rs 5 lakh crore in January 2015
crashed to Rs 2.8 lakh crore. That’s just slightly more than the market
capitalisation of HDFC Bank of Rs 2.67 lakh crore.
RBI has asked lenders to provide more for ‘emerging stress’; it would also
like to see exposures being classified uniformly across a consortium so
that any stress in an account is captured evenly across the system.
Stressed assets — the sum of restructured loans and non-performing
assets — rose to 11.3% in September 2015 from 10.7% last year, RBI data
showed. However, analysts say the stress is far higher if one takes into
consideration exposures that are classified as ‘standard’ but could turn
sub-standard, such as those where a strategic debt restructuring (SDR) is
being considered.
“There are likely to be incremental additions to stressed assets from SDR

assets when the 18-month window expires. We believe the RBI’s recent
view of clearing the banking system’s bad assets by March 2017 should
lead to higher provisions in the near term,” Deutsche Bank wrote in a
recent report.
If RBI asks banks to improve their coverage ratios, by say, 70%, it would
lead to an increase in provisions of 0.5-2% of total advances across banks.
Private banks would see an increase in credit costs of 40-50bps, while PSU

banks are under-provided and hence would see their credit cost increase
by 100-200bps.
As such, analysts estimate a proper clean-up could cost the banking sector
anywhere between R50,000-60,000 crore in provisions by March 2017.
Even as the government has said it is committed to capitalising banks — it
has promised R70,000 crore in tranches by FY19 in the Indradhanush
programme — the amount could fall short of the required R1.8 lakh crore
to meet Basel III guidelines. While some part of the balance can be raised
as bonds, it’s hard to see banks being able to raise capital from the capital
market.
In FY15, private banks in aggregate turned more profitable than public

lenders; in H1FY16, the collective profit of 25 state-owned banks fell 20%
y-o-y to R16,615 crore. The gross non- performing assets, at the end of
September, were R3.1 lakh crore, up 30% over September, 2014.
RBI has assured banks it is trying to identify non-recognisable capital,

such as undervalued assets, already on bank balance sheets and could allow
some of these to count as capital under Basel norms. RBI governor
Raghuram Rajan recently said finance minister Arun Jaitley has indicated
he will support the public sector banks (PSBs) with capital infusions as
needed. “In sum, we believe enough capital is available,” the governor
observed.
Source: The Financial Express

End of crop loan subsidy likely to heighten defaults, banks

say
If a recent recommendation of the Reserve Bank of India (RBI) on crop

loan subsidy is approved by the government, agricultural loans are set to
become as costly as home loans or car loans. RBI has suggested interest
subvention on crop loans should be phased out, and instead the subsidy
amount should be used for providing crop insurance to farmers.
But banks are wary that such a move might lead to a surge in short-term
crop loan defaults. With a view to ensuring the availability of agricultural
credit at a reasonable cost, the government introduced an interest
subvention scheme at two per cent for short-term crop loans of up to Rs 3
lakh. Additionally, a three per cent incentive is given for prompt
repayment of loans, lowering the effective cost further.
“The interest subsidy scheme has been in existence for close to a decade
now. It might not be appropriate to withdraw it at one go,” a public sector
bank official said. “We are of the opinion that crop loan subsidy should not
be totally removed. Instead of two per cent and an additional three per
cent, the subsidy can be at a flat four per cent.”
However, data from RBI suggest that by replacing interest subsidy with
crop insurance, the government would be able to use close to Rs 12,500
crore for facilitating the insurance scheme. Between 2006 and 2016, the
interest subvention claims given by the government increased from nearly
Rs 1,000 crore to about Rs 12,500 crore, according to estimates available
with RBI.
One of the reasons cited by RBI for doing away with the short-term crop
loan subsidy is that such a subsidy discriminates against long-term loans
and, therefore, does not incentivise long-term capital formation in
agriculture. Two, the subsidised credit does not always flow to the actual
cultivator, RBI argued. Third, subsidised credit increases the probability
of misuse, RBI said.
“The interest subvention schemes give some kind of relief to the borrower
in the form of monetary benefit,” a United Bank of India official said. “In
a year when there is no crop failure, the farmer might see the withdrawal
of the subsidy as an additional burden. Thus, there are chances of
increased defaults in the short term.”
RBI’s suggestion is in keeping with the government’s recent initiative to

introduce a new crop insurance scheme for farmers. Under the Pradhan
Mantri Fasal Bima Yojana, farmers would have to pay a uniform premium of
two per cent for kharif crops and 1.5 per cent for rabi crops. For annual
commercial and horticultural crops, farmers will have to pay a premium of
five per cent.
Source: The Business Standard
RBI reassures banks on liquidity

The Reserve Bank of India (RBI) on Thursday assured banks that it would
inject adequate cash in view of the tight liquidity conditions in the market,
which could further accentuate in March due to corporate advance tax
outflow.
“With a view to addressing the expected tightening of liquidity conditions

in March on account of advance tax payments by corporates and in order
to provide flexibility to the banking system in its liquidity management
towards March-end 2016, the Reserve Bank of India will inject adequate
additional liquidity using a combination of appropriate instruments, while
continuing with its normal Liquidity Adjustment Facility (LAF) operations,”
RBI said on Thursday. It also said the tenor and magnitude of additional
liquidity operations will be announced a few days in advance of each
tranche.
In addition, the central bank eased the norms for liquidity coverage ratio
(LCR) and has allowed banks to use 8 per cent of government securities
they hold as compared to 5 per cent earlier, in their LCR computation.
Banks are allowed to borrow funds from the marginal standing facility
window, the rate of which is 100 bps higher than repo rate, to meet LCR
norms.

Source: The Hindu
ECONOMY & POLICY
CSO pegs 2015-16 growth at 7.6%
Powered by a sharp rise in manufacturing and gains from benign crude oil
prices, the Indian economy is expected to grow 7.6 per cent in 2015-16,
the Central Statistics Office (CSO) has said.
This estimate is well above the 7.2 per cent GDP growth clocked in 2014-
15. It is also higher than the 7-7.5 per cent growth range projected by
the Finance Ministry for the current fiscal.
A better-than-expected economic growth for 2015-16 may encourage

Finance Minister Arun Jaitley to look at more structural reforms in the
upcoming Budget.
Manufacturing growth for 2015-16 is likely to be at 9.5 per cent, much

higher than the 5.5 per cent growth in 2014-15, official data released by
CSO on Monday said.
Thanks to the benign global crude oil prices and the Centre’s decision to
prune subsidy payouts, the overall subsidy bill is expected to decline this
fiscal, thereby improving the GDP numbers.
For 2015-16, the Gross Value Added (at basic prices) is estimated to grow
7.3 per cent as against 7.1 per cent in 2014-15.
The sectors which are likely to register growth rate of over 7 per cent
are ‘financial, real estate and professional services’, ‘trade, hotels,
transport, communication and services related to Broadcasting’ and
manufacturing.
The growth in ‘agriculture, forestry and fishing’ and ‘mining and quarrying’
is estimated to be 1.1 per cent and 6.9 per cent, respectively.
Meanwhile, the CSO has pegged the third-quarter GDP growth at 7.3 per
cent, higher than 6.6 per cent recorded in Q3 last year. Q1 (April-June)

GDP growth for the current fiscal has been revised up, to 7.6 per cent,
from 7 per cent estimated earlier.
Govt’s take
Reacting to the latest GDP numbers, Economic Affairs Secretary

Shaktikanta Das said, “There is improvement in the numbers, which is
quite satisfying. Policies and reforms taken by the government over the
last two years are beginning to show results.”
Source: Business Line
GST seems fated for further delay; draft Bill not in place
The rollout of the country’s most significant indirect tax reform is almost
certain to be further delayed, with the government easing up on the draft
of the enabling model legislation to usher in a Goods and Services Tax.
While the Constitution Amendment Bill for the GST will be listed for
consideration and passage by the Rajya Sabha in the Budget Session of
Parliament, which starts on February 23, the groundwork for it is not fully
in place.
A highly placed source said that “the model legislation that has to be
passed by the Centre and the States has not been given full shape.”
Discussions with the States on the modalities of the GST structure have
not yet been held, the source added. The government was hoping to put
out the drafts of the enabling legislation – Central GST, State GST, and
Inter-State GST – for public discussion by the end of December, but that
hasn’t come about.
Another indication of the likely delay came at the pre-Budget

consultations that Finance Minister Arun Jaitley had with State Finance
Ministers on February 6. The rollout of the GST was not a ‘top priority’ at
the meeting, sources said.
Jaitley’s deadline of April 1, 2016 for the GST bill’s passage will almost
surely not be met, although he had recently expressed the hope that the

Constitution Amendment Bill would be passed in the Budget Session. The

government has been tentatively eyeing a mid-year rollout of the tax –
either June 1 or October 1. But now the buzz is that the implementation
of the GST may be pushed back by a year to April 2017.
“Even if the government manages to push through the Constitution

Amendment Bill in the forthcoming session, it does not mean GST can be
rolled out immediately. GST implementation also requires ratification by
50 per cent of the States,” a senior official told BusinessLine.
“Looking at the present scenario, it looks like the GST will not see light
before April 1, 2017,” said Bimal Jain, Chairman, Indirect Tax Committee
of the PHD Chamber of Commerce.
Besides, the Empowered Committee of State Finance Ministers last met in

November 2015 and continues to be without a chairperson.
Also, the Centre is yet to formally provide the report on the possible GST
rates drawn up by a panel headed by Chief Economic Adviser Arvind
Subramanian.

MISCELLANEOUS
Post office small savings collections up 700%
Till November last year, the collection of small savings through post
offices stood at Rs 21,041 crore, compared to Rs 2,360 crore till
November 2014, according to data available at National Savings Institute.
Add to this the small savings collection by banks (in the forms of public
provident fund (PPF), senior citizens' savings scheme and Sukanya
Samridhi accounts), and the figure rises to Rs 49,051 crore. The PPF
collection data of the previous year is unavailable, making it not possible to
compare.
Banks are already pitching for parity in interest rates of small savings, as
it is seen as a hindrance in smooth transmission of the impact of earlier
interest rate cut by the Reserve Bank of India.
"There is a huge gap between the small savings and bank interest rate. It
is long-pending demand of the banks that there should be some parity
between the two,'' said Charan Singh, executive director, UCO Bank.
At present, bank fixed deposit earns between seven and 7.5 per cent
interest rate on an average of a five-year tenure. In contrast, the
interest rates on small savings hover between 8.4 per cent and 9.2 per
cent across different schemes.

Gross post office small savings collection saw nearly a 40 per cent increase
in collection between November 2014 and November 2015 to Rs 2,15,803
crore.
The government is also considering a reduction in interest rate on small

savings. In December 2015, Union Finance Minister Arun Jaitley had said
that the government will bring down interest rates on small savings
"cautiously".
West Bengal remained the top state in terms of small savings collection,
with total net collections a Rs 3,974 crore till November 2015, against Rs
1,381 crore till November 2014, showing a rise of 188 per cent. After
West Bengal, Uttar Pradesh accounts for highest collections in small
savings at Rs 3120 crore net collections till November 2015, an increase of
185 per cent in November 2014.
Earlier, in view of the dwindling small savings collections, the government

had in April 2015 marginally revised rates on small savings interest rates.
The interest rate on the Sukanya Samriddhi account was raised from 9.1
per cent to 9.2 per cent a year for 2015-16 and the interest rate on
Senior Citizens Savings' Scheme was raised from 9.2 to 9.3 per cent for
FY16. Those on other schemes were kept unchanged. Under Sukanya
Samriddhi account, which was launched in January 2015, the total
collections till November 2015 stood at nearly Rs 283 crore
Source: The Business Standard
Banks will be restored to health: Raghuram Rajan
NPA classification should be considered as an anaesthetic that allows

banks to perform extensive necessary surgery to set the project back on
its feet, Reserve Bank of India (RBI) governor Raghuram Rajan said while
asserting the importance of the asset quality review (AQR) undertaken by
the central bank.
The governor was delivering a lecture at a summit organised by

Confederation of Indian Industry.
Rajan was speaking on the rationale of AQR which was partly seen as a
factor that contributed to weak public sector bank results leading to the
fall in their share prices.
He said there are two ways to deal with stressed loans: to apply ‘band-aids’
to keep the loan current, and hope that time and growth will set the
project back on track or to put the stressed project back on track rather
than simply applying band aids. “This may require deep surgery,” he
asserted.
The governor said that loan classification is merely good accounting and it
reflects the true value of the loan. It is accompanied by provisioning,
which ensures the bank sets aside a buffer to absorb likely losses, he
added stating if the losses do not materialise, the bank can write back
provisioning to profits.
Rajan also asserted that the very reason why the central bank does not
believe in cleaning the bank balance sheets in one go is because a number
of loans can be regularised, or stabilized when weak but regular, through
the right collective actions. “Our teams are working with the banks to
ensure that they (banks) are all broadly on the same page in terms of
recognition and provisioning, even though each one has flexibility on
individual cases,” he said.
Rajan also pointed out that the central bank has been in constant
discussions with the government, including the highest level, regarding the
matter of AQR and said that the finance minister has indicated of
providing support to the public sector banks with capital infusions as
needed.
“Our estimate is that the government support that has been indicated will
suffice,” he added.
On the capital front, the governor stressed that claims made by financial
analysts about the size of the stressed asset problem verges on scare-
mongering. “Our projections are that any breach of minimum core capital
requirements by a small minority of public sector banks, in the absence of
any recapitalisation, will be small,” he added. Rajan said what the
government has already explicitly committed is enough to take care of all

reasonable scenarios and the central bank will provide whatever liquidity is
needed by any bank although it does not forsee any liquidity risk. “The
market turmoil will pass. The clean-up will get done, and Indian banks will
be restored to health,” Rajan indicated.
Source: The Financial Express
Steady rise in PSB bad loans alarming: panel
The Finance Standing Committee of Parliament, which has recommended a

forensic audit of all bad loans, has painted an alarming picture of the gross
non-performing assets of public sector banks.
According to the panel’s report, which was adopted, the gross NPAs of
scheduled commercial banks, especially public sector banks, have increased
in recent years.
In September 2015, the total GNPAs of PSBs stood at ₹297, 571 crore
while the gross advances for the same period were at ₹46,49,843 crore,
meaning that the GNPA ratio was 6.15 per cent. This, according to the
report, is a steady increase.
In September 2014, the GNPAs were at ₹240,986 crore and the gross
advances were ₹45,57,053 crore. The ratio was 5.29 per cent. The latest
GNPA figures of the private banks were not available with the panel.
The report mentions that on account of good economic conditions, the

GNPA ratio of PSBs steadily declined from 13.11 per cent in 2000-01 to
2.10 per cent in 2008-09 and the GNPA ratio of scheduled commercial
banks steadily declined from 12.04 per cent to 2.45 per cent.
“NPAs have risen to 3.84 per cent as on March 2013, 4.72 per cent as on
March 2014, 5.29 per cent as on September 2014 and further to 5.64 per
cent (provisional) as on December 2014 in respect of SCBs due to
sluggishness in the domestic growth during the recent past, slowdown in
recovery in the global economy and continuing uncertainty in the global
markets leading to lower exports of various products like textiles,

engineering goods, leather, gems etc. The PSBs continue to be under

stress on account of their past lending,” the report noted.
RBI Governor Raghuram Rajan told the panel in 2014 that all the optimistic
projections about growth came down substantially both in the world and
domestically and it was one reason for the problems.
Rajan’s take
“NPAs are more focused in the public sector banking system. That is not
necessarily only because the public sector banking system has made more
mistakes than the private sector system. The private sector system did
not go into some of these large projects like infrastructure. Moreover, the
private sector system also knows how to get out before the public sector
system,” Rajan was quoted as saying in the report.

INFORMATION TECHNOLOGY
Visa Developer opens up payments technology
Visa Developer, a software application for developers, will open access to

Visa’a payments technology, products and services.
The new Visa Developer platform is designed to help financial institutions,

merchants, and technology companies meet the demands of consumers and
merchants, who increasingly rely on connected devices to shop, pay and get
paid. At launch, the new platform will offer access to some of Visa’s most
frequently used payment technologies and services including account
holder identification, person-to-person payment capabilities, secure in-
store and online payment services such as Visa Checkout, currency
conversion and consumer transaction alerts. Visa plans to provide access to
more of its payment capabilities over the next year.
“Visa’s new Developer platform will help simplify the delivery of easy
access payment solutions for our clients and we are excited about its
potential to increase our speed to market in some areas,” says Alison
James, vice president, Cards Technology, CIBC.
Financial institutions, technology companies, and start-ups have

participated in beta trials of the new Visa Developer platform and many
have already created prototype applications using Visa technology. Trial
partners include Capital One, CIBC, Emirates NBD, National Australia
Bank, RBC, TD Bank, Scotiabank, TSYS, U.S. Bank and VenueNext.
The creation of the Visa Developer platform has been a multi-year

initiative led by Visa’s global product and technology teams. The team is
transforming Visa’s payment products and services into application
programming interfaces (APIs), standard technology used by developers
for building software and applications. Visa’s global developer program
includes:
 A globally accessible developer portal offering a way to search Visa’s

suite of payment products and services.

 An open platform that provides access to hundreds of Visa APIs and

software development kits for some of Visa’s main payment products
and capabilities.
 A testing sandbox for application developers, with access to Visa
test data.
 Visa Developer engagement centres designed to foster collaboration
with application developers in markets like San Francisco, Dubai,
Singapore, Miami and São Paulo.
Visa’s vision for its global developer engagement program includes the
creation of a marketplace that enables thousands of financial institutions,
millions of merchants and technology companies to collaborate, share and
search for innovative digital commerce applications and services.
Dominic Venturo, chief innovation officer at U.S. Bank said, “Collaboration

is key, and the developer portals and tools offered by Visa enable U.S.
Bank to bring new ideas to reality for our customers more quickly and with
less development investment than traditional approaches.”
Source: www.bankingtech.com

MIND VOICE
Winners Versus Losers:
♦ The Winner is always part of the answer;

The Loser is always part of the problem.
♦ The Winner always has a program;

The Loser always has an excuse.
♦ The Winner says, "Let me do it for you";

The Loser says, "That is not my job."
♦ The Winner sees an answer for every problem;

The Loser sees a problem for every answer.
♦ The Winner says, " It may be difficult but it is possible";

The Loser says, "It may be possible but i t is too difficult."
♦ When a Winner makes a mistake, he says, "I was wrong";

When a Loser makes a mistake, he says, "It wasn't my fault."
♦ A Winner makes commitments;

A Loser makes promises.
♦ Winners have dreams;

Losers have schemes.
♦ Winners say, "I must do something";

Losers say, "Something must be done."
♦ Winners are a part of the team;

Losers are apart from the team.
♦ Winners see the gain;

Losers see the pain.
♦ Winners see possibilities;

Losers see problems.
♦ Winners believe in win-win;

Losers believe for them to win someone has to lose.
♦ Winners see the potential;

Losers see the past.
♦ Winners are like a thermostat;

Losers are like thermometers.
♦ Winners choose what they say;

Losers say what they choose.
♦ Winners use hard arguments but soft words;

Losers use soft arguments but hard words.
♦ Winners stand firm on values but compromise on petty things;

Losers stand firm on petty things but compromise on values.
♦ Winners follow the philosophy of empathy: "Don't do to others what you

would not want them to do to you";
Losers follow the philosophy, "Do it to others before they do it to you ."
♦ Winners make it happen;

Losers let it happen.
♦ Winners plan and prepare to win.

The key word is preparation.
Shared by : Shri K. N. Mann, DGM & Principal, STC Chennai

HEALTH
7 Tips for Healthy Bones
It’s a fact of life: As you age, your bones become thinner and lose their
density. Over time, you become more prone to injury.
Fortunately, you can take steps to halt the “thinning” of your bones, called
osteopenia, and prevent osteoporosis.
1. Eat calcium-rich foods
In addition to dairy products, choose fish with bones such as salmon,

sardines or whitebait. For additional benefits, serve them with a side of
dark leafy green vegetables or broccoli. Almonds, dried figs, fortified tofu
and soy milk are also calcium-rich choices
2. Take calcium supplements
The daily allowance recommended for calcium is 1,000 mg a day during your
20s, 30s and 40s. But your need rises as you age. Check with your doctor
before starting supplements to find out what amount is right for you. For
example, after menopause, most women need 1000 to 1,500 mg a day
unless they take hormone therapy. Your body only absorbs 500 mg of
calcium at a time, so spread your consumption out over the course of the
day.
3. Add D to your day
To help absorb calcium, most adults need 1,000 to 2,000 IU of vitamin D

daily. Combined calcium-vitamin D pills usually do not meet this
requirement. And most of us do not get enough vitamin D the old-
fashioned way — from the sun. Taking a vitamin D supplement will ensure
you meet your daily needs.
4. Start weight-bearing exercises

To boost your bone strength, try exercise that “loads” or compresses your
bones. Running, jogging, high-impact aerobics, repetitive stair climbing,
dancing, tennis and basketball are best for building bones. But if you have
osteopenia, osteoporosis or arthritis, try walking or using an elliptical or
other machine. Be sure to clear any exercise plans with your doctor first.
5. Don’t smoke, and don’t drink excessively
Bad news for bad habits: Loss of bone mineral density is associated with
tobacco use and excessive alcohol consumption
6. Get your bone mineral density tested
Doctors can get a quick and painless “snapshot” of bone health using a
simple X-ray test called DXA. This test measures bone mineral density and
helps determine risks of osteoporosis and fracture. It is recommended for
women within two years of menopause. Earlier tests are recommended for
men and women with certain diseases and for those taking medications
that increase risk.

LET US LEARN……..

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Issue 13 by 31

STAFF TRAINING COLLEGE, CHENNAI

In the recent times, we have been witnessing manifold challenges emerging

In these fast-changing and challenging times, our team members at all

It is in this context that our training establishments are required to play a

Saturday, February 13, 2016 Page 2 of 22

Saturday, February 13, 2016 Page 3 of 22

BANKING & FINANCE

Speedy clean-up to hit banks’ profits

The existing and future stress on banks’ books — expected to result in a

“There are likely to be incremental additions to stressed assets from SDR

Saturday, February 13, 2016 Page 4 of 22

In FY15, private banks in aggregate turned more profitable than public

RBI has assured banks it is trying to identify non-recognisable capital,

Source: The Financial Express

Saturday, February 13, 2016 Page 5 of 22

End of crop loan subsidy likely to heighten defaults, banks

If a recent recommendation of the Reserve Bank of India (RBI) on crop

RBI’s suggestion is in keeping with the government’s recent initiative to

Source: The Business Standard

RBI reassures banks on liquidity

“With a view to addressing the expected tightening of liquidity conditions

Saturday, February 13, 2016 Page 7 of 22

Source: The Hindu

ECONOMY & POLICY

CSO pegs 2015-16 growth at 7.6%

A better-than-expected economic growth for 2015-16 may encourage

Manufacturing growth for 2015-16 is likely to be at 9.5 per cent, much

Saturday, February 13, 2016 Page 8 of 22

Reacting to the latest GDP numbers, Economic Affairs Secretary

Source: Business Line

Another indication of the likely delay came at the pre-Budget

Saturday, February 13, 2016 Page 9 of 22

Constitution Amendment Bill would be passed in the Budget Session. The

“Even if the government manages to push through the Constitution

Besides, the Empowered Committee of State Finance Ministers last met in

Source: Business Line

Saturday, February 13, 2016 Page 10 of 22

Post office small savings collections up 700%

Saturday, February 13, 2016 Page 11 of 22

The government is also considering a reduction in interest rate on small

Earlier, in view of the dwindling small savings collections, the government

Source: The Business Standard

Banks will be restored to health: Raghuram Rajan

NPA classification should be considered as an anaesthetic that allows

The governor was delivering a lecture at a summit organised by

Saturday, February 13, 2016 Page 13 of 22

Source: The Financial Express

Steady rise in PSB bad loans alarming: panel

The Finance Standing Committee of Parliament, which has recommended a

The report mentions that on account of good economic conditions, the

Saturday, February 13, 2016 Page 14 of 22

engineering goods, leather, gems etc. The PSBs continue to be under

Source: Business Line

Saturday, February 13, 2016 Page 15 of 22

Visa Developer opens up payments technology

Visa Developer, a software application for developers, will open access to

The new Visa Developer platform is designed to help financial institutions,

Financial institutions, technology companies, and start-ups have

The creation of the Visa Developer platform has been a multi-year

 A globally accessible developer portal offering a way to search Visa’s

Saturday, February 13, 2016 Page 16 of 22