Bulletin Issue2015

Issue 13 by 31
14/08/2015
Staff Training College | admin
Saturday, August 03, 2013

Bank of India Staff Training College, Chennai Issue No.15/27
Phone: 044-28132731, 28130896, 28133815 e- mail Id: stcchennai@bankofindia.co.in (For Private Circulation Only)
Banking Bulletin
Issue AN(For
E-C OMPILATION
Private Circulation only) OF BANKING
No.15/27 ARTICLES
Index
BANKING & FINANCE.................................................................................................................................... 3
CENTRE UNVEILS PUBLIC SECTOR BANKS REVAMP ROAD MAP.......................................................................................3
RBI INSTRUCTS BANKS TO PROVIDE SHORT-TERM CROP LOANS OF UP TO RS 3,00,000 AT LOWER RATE................................7
ECONOMY & POLICY..................................................................................................................................... 8
YUAN DEVALUATION MAY DERAIL RBI’S DEBT LIMIT EASING PLAN................................................................................8
CHINA YUAN TO MOVE BOTH WAYS, MORE ‘ADJUSTMENTS’ UNLIKELY.........................................................................10
POLICY PUSH FOR EMPLOYMENT GENERATION, FARMER WELFARE: PM NARENDRA MODI ON INDEPENDENCE DAY................12
MISCELLANEOUS........................................................................................................................................ 14
Friday, August 14, 2015 Page 2 of 32

MOBILE WALLETS TWEAK STRATEGY FOR GROWTH.................................................................................................. 14

AXIS BANK LAUNCHES MULTI-CURRENCY CONTACTLESS CARD.....................................................................................19
INFORMATION TECHNOLOGY..................................................................................................................... 20
THREAT EXCHANGE......................................................................................................................................... 20
HEALTH...................................................................................................................................................... 26
HEALTHY TEAS YOU SHOULD BE DRINKING........................................................................................................... 26
LET US LEARN……........................................................................................................................................ 31
BANKING & FINANCE
Centre unveils public sector banks revamp road map
The government unveiled a seven-point revamp agenda for public sector
banks with worrisome levels of stressed assets, the central theme of
which was an assertion that their commercial decisions would be left
largely to them.
The government unveiled a seven-point revamp agenda for public sector
banks with worrisome levels of stressed assets, the central theme of

which was an assertion that their commercial decisions would be left
largely to them. Though analysts said the plan lacked an explicit formula
for reducing bad loans, consolidation or timeline to lower government
stakes to the 52% threshold, the government said a Bank Board Bureau
(BBB), vested with the powers of board- and top-level appointments and
advisory role on PSB strategies, would be operational by April 2016. The
BBB, finance minister Arun Jaitley said, would be an interim arrangement
and a holding company of government stakes would supersede it before too
long.
The Centre also said of the total proposed capital infusion of R70,000
crore till FY19, R20,088 crore will be infused in 13 banks in a month, with
State Bank of India (R5,531 crore), Bank of India (R2,455 crore) and
IDBI Bank (R2,229 crore) getting the most.
The government reckons greater professional autonomy envisaged under
the revamp plan termed Mission Indradhanush coupled with the solutions
to problems faced by sectors that contributed the most to PSBs’ stressed
assets — steel, power (including discoms), highways and sugar — would
enable the banks to raise capital as and when needed from the market. It
is estimated that for keeping a safe buffer of capital over the Basel III
norms and in keeping with the credit growth estimate of 12-15% over the
next three years, PSBs would need Rs 1.8 lakh crore as additional capital
till FY19.

PSBs’ gross non-performing assets (NPAs) stood at 6% of advances at the
end of June while another 8% was classified as standard restructured
assets, a part of which can be attributed to increased regulatory rigour
and, according to the government, resulted also from “historical factors”
such as fuel issues for power sector firms.
Jaitley said that “even though a challenging situation did exist, there is no
cause for panic” as far the PSBs’ financial health was concerned. “The
government has been from time to time reviewing the health of these
banking institutions. The nature of the problem is such that some
initiatives which we have taken, it has partly been fixed and it is capable
of being fixed,” he said.

The BBB will comprise a chairperson, who would be either a retired banker
or a regulator or an eminent businessperson, three government officials
including the financial services secretary and a deputy governor of the
Reserve Bank of India and three professionals from the private sector.
The single holding company holding all the government shares in the PSBs
being proposed was suggested by the PJ Nayak committee and has the
backing of all PSBs.
The government also proposed to professionalise management and the
boards through a transparent process of selecting the best available
talent, incentivising top management through employee stock options and
performance-linked bonuses. To differentiate the poorly performing banks
from the better ones, the government has introduced a new framework of
key performance indicators (KPI) including on efficiency of capital use
(return on assets and return on equity), NPA management, financial
inclusion, growth and diversification of business as well as certain
qualitative parameters such as external credit rating, asset quality
improvement, capital conservation and HR initiatives. Capital infusion from
the third tranche of Rs 5,000 crore to be released in the fourth quarter
of this year would be as per the KPI parameters.
SBI chairman Arundhati Bhattacharya said, “We wholeheartedly welcome
the plan. This will reinvigorate the public sector banks and strategically
enable them to take informed decisions in their quest for greater
efficiencies. These steps are likely to alter the scope of the banking

landscape in the country and enable it to realise potential hitherto
unexplored.”
M Narendra, former chairman and managing director of Indian Overseas
Bank, said: “Before the bad loan menace struck PSBs, they maintained a
return on equity of 20-25% and a return on assets of 1.5-2%. These
measures will make PSBs more competitive and once they are able to
tackle the NPA situation, growth will return.”
“ESOP for public sector bank employees is a great move to retain talent,”
said Ram Sangapure, executive director, Punjab National Bank.
Source: The Financial Express
RBI instructs banks to provide short-term crop loans

of up to Rs 3,00,000 at lower rate
The Reserve Bank of India (RBI) has instructed all the banks to provide
interest concession of two percent on short term crop loans of up to Rs
3,00,000.
The RBI, in a notification issued from Mumbai, said that interest
subvention of two percent per annum will be made available to public and

private sector banks provided they lend short term credit at the ground
level at seven percent per annum to farmers.
The apex bank has said that additional interest subvention of three
percent will be available to farmers for repaying the loan promptly from
the date of disbursement of the crop loan. This implies that farmers
paying promptly would get short term crop loans at 4 per cent during the
year 2015-16.
Source : The Financial Express

ECONOMY & POLICY
Yuan devaluation may derail RBI’s debt limit easing plan
China’s move to devalue currency could act as a stiff barrier for the
Reserve Bank of India’s plan of gradually increasing debt investment limits
for foreign portfolio investors (FPI) as the central bank could otherwise
struggle to prevent the erosion of export competitiveness amid an
overvalued rupee. This could also potentially make RBI more aggressive in
its dollar purchases from the forex market.
The rupee fell to 64.20/$ after the People’s Bank of China set the
midpoint for the Yuan 1.9% lower and said the closing of the Yuan will
determine the next trading session’s midpoint. The Yuan is allowed to
trade within a 2% band around the preset midpoint. Analysts feel this
could potentially depreciate the Yuan by as much as 10% in the coming
days. In contrast, the rupee is overvalued 12% in real effective exchange-
rate terms based on a 36-currency basket tracked by the RBI. Another
gauge of competitiveness by the Bank for the International Settlement
shows the rupee is overvalued by around 8%.
“There would be an increased volatility across the board. RBI would need
to be more aggressive and maybe they would use this as an excuse to let
the rupee go,” said Jamal Mecklai, forex market expert and chief
executive officer of Mecklai Financial Services.

The rupee has been the most resilient currency in the wake of external
shocks, such as Greece’s debt problems, the emerging views on the US
Federal Reserve’s timing of rate hikes and even the rout in global bond
markets. In fact, the 1.8% depreciation of the rupee in 2015 has been
largely due to RBI’s dollar purchases in the spot market totalling $36.25
billion in the first six months. In such times, when the interest in the
Indian market owing to the returns and an improving economic data could
attract dollars in droves, the central bank will have to go slow on throwing
open more of the debt market.
“More than the Fed, China’s devaluation is a far bigger deal now,” said
Abheek Barua, chief economist at HDFC Bank. “The RBI will also have to
intervene more in the market and use tools such as MSS to mop up
liquidity,” he added. Ananth Narayan, regional head of financial markets
for South Asia at Standard Chartered Bank believes the central bank may
limit its interventions when the rupee depreciates. “The RBI should not be
unhappy if the rupee goes to 65/$,” he said.

China Yuan to move both ways, more ‘adjustments’ unlikely
China’s move to weaken the Yuan last week could head off further similar
‘adjustments’, and the Yuan is likely to move in both directions as the
economy stabilises, Ma Jun, Chief Economist at the central bank said on
Sunday.
The People’s Bank of China (PBoC) shocked global markets by devaluing the
yuan by nearly 2 per cent on August 11. The PBoC called it a free-market
reform but some saw it as the start of a long-term Yuan depreciation to
spur exports. The Yuan’s drop last week and its increased flexibility could
help ‘sharply reduce the possibility’ of similar adjustments in future, Mr.
Ma said.
In the near term, it is more likely there will be ‘two way volatility,’ or
appreciation and depreciation of the Yuan, Mr. Ma said in a question-and-
answer statement sent by email. The central bank would move only in
‘exceptional circumstances’ to iron out ‘excessive volatility’ in the exchange
rate, Mr. Ma said.
Mr. Ma played down market fears that a ‘currency war’ could be triggered
by China’s devaluation, which dragged some other Asian currencies to
multi-year lows.
“China has no intention or need to participate in a ‘currency war’,” Mr. Ma
said in the statement. “There is no need to worry” that the central bank
will continue to intervene in the market to support the Yuan as China’s
economy stabilises, Mr. Ma said.
“In the future, even if the central bank needed to intervene in the market,
it may be in either direction,” he added.
Mr. Ma also said that he expected the economy to grow around 7 per cent
this year — in line with the government’s target.
Source : The Hindu

Policy push for employment generation, farmer welfare: PM

Narendra Modi on Independence Day
Prime Minister Narendra Modi focused on two key economic policy
initiatives in his speech. The first concerned job creation, while the other
addressed the needs of farmers.
The PM said hereon all public and private investments that require
government clearance or any sort of assistance would have to state the
number of jobs they would create. This would be comparable to an earlier
policy of allowing imports on concessional terms, provided importers are
committed to fulfilling specific export obligations within a time frame. The
projects would now impose the obligation of creating fresh jobs for every
clearance given to investments, whether in the public or private sector.
Sources said all programmes and projects would be reviewed by the
ministries with this objective now. To involve the private sector, the
ministries and government departments would initiate a dialogue with
industry chambers of commerce like CII and Ficci.
To address the needs of farmers, the PM said a new department would be
created in the agriculture ministry. All the areas concerning farmers and
their needs would be brought under this department. Currently the
responsibilities are distributed amongst different ministries. Sources said
the move would bring about a positive intervention by the government to
look after the needs of the farmers.

At present, the agriculture ministry is mandated to formulate schemes
aiming at increasing crop production, besides fixing the minimum support
price (MSP) for around 23 crops. The Commission for Agricultural Costs
and Prices (CACP) under the agriculture ministry fixes the MSP to be
given to farmers for both summer or kharif and winter or rabi crops
annually.
Besides, a separate ministry of consumer affairs, food and public
distribution looks after the procurement of food grains and their supplies
through public distribution system.

MISCELLANEOUS
Mobile wallets tweak strategy for growth
The growing incidence of e-commerce on the mobile phone has led to a
boom in digital payment solutions. Pretty much everybody from banks
(HDFC Bank and Federal Bank), telecom companies (Bharti Airtel,
Vodafone and Idea) to more than a dozen standalone start-ups (Paytm,
Mobikwik, Oxigen, PayUMoney et al) has launched its own mobile payment
application in the last few years.
In April 2015, transactions worth Rs 18,869 crore were made through
mobile phones, compared to Rs 3,260 crore in April 2014, according to the
Reserve Bank of India. The pool of users could be huge, though nobody has
a fix on their exact numbers. Paytm, which is the only one that discloses
its user base, has close to 100 million users.
The future too looks full of promise, with India's smartphone market
growing at the fastest pace in all of Asia. However, despite the quick
adoption, mobile payment companies have to scramble for customers. With
the increase in the number of players, competition has become intense,
leaving service providers fighting with one another to get users.
While established players like Paytm, Mobikwik and PayUMoney have
increased their advertising spend to reach customers, new entrants are
taking the freebie route to woo them. As a result, discounts and cashback
are rampant, especially for purchases made on popular sites such as
Lenskart, pepperfry or bookmyshow.
Such offers, however, haven't helped the companies keep customers. This
is because a majority of the users don't store any balance in their mobile
wallet, which leaves them free to switch from one company to another if
there is a better deal on offer.
This constant churn in consumers means these companies, which typically
earn by way of commission on purchases made by their customers, will have
a hard time to gain traction, say experts. Paytm, the largest player in the
business, is still to break even. The company expects to reach there only
by 2018.
While it may be premature to talk of profits as these are early days for
most mobile wallet companies, experts do agree the current business
model is difficult to sustain. "The current strategy of doling out cashback
and discounts is not sustainable," says PayUMoney CEO Nitin Gupta.
Looking elsewhere
Even though the business is in its infancy, many service providers have
started to diversify to stay relevant. In addition to being a mobile wallet
player, they are also becoming check-out service providers. The service
allows users to link their credit and debit cards to their mobile wallet and

does away with the need to store money digitally. Check out service
providers usually earn up to 1.5 per cent of the transaction value as
revenue which is higher than the commission earned if consumers transact
from their digital wallet.
According to Soma Sundaram, founder & CEO of iKaaz, a mobile payment
solution provider started in 2012, this will help mobile wallet companies
breach the monthly ceiling of Rs 10,000 per customer.
With large players like banks launching their own wallets, some even feel it
would be better for the startups to work along with them and in
coordination with one another rather than in competition. "We need to look
at ways to work with other players such as banks as the trust that they
carry is more," says Sundaram.
The biggest opportunity that mobile wallet service providers see is in the
country's unbanked population. Given that 41 per cent of India's population
is unbanked, according to an RBI report, and three-fifths of them live in
villages, some of them are looking to build a niche for themselves in rural
areas.
Payworld, for instance, wants to help the unbanked population to make
remittances using mobile wallets. It sees a bigger scope for growth here
than in catering to the digitally-savvy customer looking to pay for, say, a
taxi ride or a pizza. "We believe in the long run an assisted model of

transaction which is meant to target people at the bottom of the pyramid
will work better," says Payworld Chief Operating Officer Praveen Dhabhai.
Apart from Payworld, Oxigen too is looking at remittances via mobile
wallets to boost its business case. To reach the unbanked who often also
don't own smartphones, these service providers are looking at money
transfer through mobile wallet at retail stores. "Out of the total phones,
only 10 per cent are smartphones. Still, for the unbanked, going to a
retailer and getting money transferred via a wallet will be a big positive,"
says Oxigen CMD Pramod Saxena.
However, here too keeping the process safe and simple will be crucial to
attracting repeat customers, say experts. "Mobile wallets took off only
because we have managed to create a good case for consumers to transact
using mobiles. People are not very comfortable with using cards for small-
ticket payments, and so transacting via wallets for recharge, taxi et
cetera has worked well," explains Paytm Vice-president (payments) Amit
Lakhotia.
Rising competition
Despite the broader focus, competition is only going to grow fierce. Nitin
Chugh, head of digital banking at HDFC Bank, says as the acceptance of
this payment method grows, customer acquisition will become more
aggressive. HDFC Bank recently launched its own online payment solutions,

PayZapp. Experts believe larger banks will be at an advantage as they
already have a user base and a wide network of branches to acquire new
customers.
Still, there is a long way to go before digital wallets can replace cash
altogether. "So far, consumers are migrating to the digital medium
because of the ease and convenience that it offers, but wallet players
need to do more to stay relevant. Only when there is a strong case for
digital wallets to be used for everyday usage that cash can be replaced
successfully," says Accenture India Managing Director (financial services)
Piyush Singh. Traditional wallets, it seems, are not going to go out anytime
soon.
Source: Business Standard

Axis Bank launches multi-currency contactless card
Axis Bank will upgrade close to about one-fourth, or 50,000, of its point of
sale (PoS) machines so that they can accept debit and credit card
payments from contactless cards. On Wednesday, the bank launched
contactless multi-currency forex cards in partnership with Visa - the
payments gateway company.
Axis Bank would be the first bank to issue multi-currency contactless
cards or 'tap and pay' cards which can be loaded in 15 currencies such as
Swiss Franc and Hong Kong dollar besides the three main currencies - US
dollar, Euro and British Pound. Axis Bank has also launched contactless
debit and credit cards.
'Tap and pay' refers to the use of near-field communication (NFC)
technology, which enables holders of 'contactless cards' to make
payments by waving or tapping the card near the card reader. The NFC
technology is picking up as the customers does not have to punch in the
four digit PIN.
Source : The Economic Times

INFORMATION TECHNOLOGY
Threat Exchange
Facebook recently caught the attention of security professionals with the
announcement of its new Threat Exchange, a special social networking
platform (currently in beta) that allows companies to share information
about security threats they have encountered so other companies can be
better prepared to face those threats.
There's nothing new about the idea of sharing threat intelligence. National
security and intelligence services share information with their
counterparts in friendly countries all the time. And in the world of
computer security, anti-virus companies have been proactive in turning
customers' computers into sensors which collect information about
malware they encounter and submit it for analysis so that other customers
can be protected from the same malware in the future.
The concept of a more general IT security threat exchange is not new
either. Microsoft announced its Interflow exchange in July of 2014, and
other threat exchanges include AlienVault's Open Threat Exchange and
the Health Information Trust Alliance (HITRUST) Cyber Threat XChange
(CTX).

The big question is, do these threat exchanges work? Sharing information
about threats is one thing, but does this sharing result in reducing your
security risk by preventing your organization falling victim to viruses and
other malware infections or more concerted attacks by hackers?
“The main problem with threat intelligence is that it can be difficult to
use it effectively," said Ken Weston, senior security analyst at Oregon-
based security company Tripwire. Before threat exchanges can be useful,
you need a solid infrastructure that provides visibility into your network
and log activity picked up by intrusion detection systems, he noted.
"Say you receive information about a particular file hash or malware. To
use that, you need to know if you have seen it on your network. So you
have to have good visibility on your network," he said. "The same is true
with a malicious IP address. If you don't have IDS logs to see if you are
under attack now, or have been in the past from that IP address, then the
value of the intelligence you may receive is moot."
Information about malicious IP addresses is only useful to you if it is very
up-to-date, he added, as an IP that is malicious today may be legitimate
tomorrow. That's likely to be the case if a server is hijacked to be used in
an attack, but is subsequently disinfected.
A more complex problem comes down to scale. The more members in an
exchange contributing threat information, the more potentially useful if

will be to you. But contributors are likely to possess differing degrees of
sophistication, Weston pointed out.
Members of the exchange are useful to you if they are in a position to
detect and report threats they encounter accurately, for example, but not
if the information they supply is vague. Someone reporting an IP address
as "suspicious" may cause more harm than good. "It doesn't seem to give
enough info to make an informed decision - it just seems to cause panic," is
a comment by a Spiceworks community poster in a discussion about
AlienVault's Open Threat Exchange that sums up this problem.
Question of Trust
Despite the potential benefit of having an exchange with many members,
there's also the need to restrict membership to trusted organizations.
That's because given the chance attackers can -- and do -- make use of
security tools for their own uses. A classic example of this is malware
writers passing their code through anti-virus services (like VirusTotal) to
ensure their code is not detectable by anti-virus products.
In the same way, attackers that have access to threat intelligence
services can find out when their attacks have been detected and modify
them so they can continue to use them.
Security startup ThreatStream deals with this issue by thoroughly vetting
participants in what CEO Hugh Njemanze calls "trust circles." In addition,

organizations get to pick the members with whom they want to form
circles and collaborate digitally on emerging threats. Members can belong
to different circles and set specific levels of sharing for each.
"You might have 10 organizations in a circle. All the members know who the
other members are, but the actual contributions are anonymous. This
makes it practical for organizations to start sharing useful information,"
Njemanze said.
The size of such circles can be a problem, noted Dr. Anton Chuvakin, a
security expert at Gartner. In a paper on information sharing he pointed
out that: "Most sharing happens within trusted circles. In general, the
broader that the circles of sharing become, the less trust that exists, and
the range of information that is shared and the value that is received
diminishes."
Nonetheless, there is evidence that threat exchanges are worthwhile and
can help companies repel attackers, Chuvakin wrote. "They are most
definitely useful because there are known examples where companies
learned of new attack methods from others and then those same methods
are used to attack them - and they were ready."
Ready to Respond
But he reiterated Ken Weston's point that the quality of the information
they provide is only half the story. It's just as important that you are

agile enough to respond quickly to the information you receive. "A threat
exchange -- or a subscription with a commercial threat intelligence
provider -- is not magic; you may receive good signals, but you still have to
act on them," Chuvakin pointed out. "Can you rapidly change your security
infrastructure and deploy new detection?"
He also believes that if you join a threat exchange you need to think
carefully about the organizational changes you may need to make to derive
the maximum benefit from it.
"In some cases, organizations should establish a new functional group to
undertake and coordinate sharing efforts," he said in the report. "In other
cases, an existing incident response or security operations center team
can handle the function. Organizations should expand sharing efforts and
relationships to involve supply chain partner organizations, customers and
end-users."
Does Size Matter?
An interesting question is whether there is an optimum number of
members for an exchange. An exchange of two members could have a high
level of trust but might not be exposed to many threats. A huge exchange
may just get bogged down in noise and false positives.
There are probably too few exchanges to come to any useful conclusions
about size. In any case, Chuvakin believes that concentrating on size may

be a red herring. "Frankly, the value of the exchange will be determined by
the value and utility of signals - i.e. shared data - you receive and your
ability to utilize them. This is the only direct measure -- all others (like
size) are merely proxies."
Ultimately what that means is that while threat exchanges can certainly
be useful, it's up to you to find one which offers the right combination of
size, trust and expertise. In addition, it's a good idea to look for
exchanges that allow you to connect with members in a similar geographic
region and in an industry similar to yours (so they face threats that you
are likely to face in the future).
It's impossible to know in advance which exchange offers the right
combination of these traits to be helpful for your organization. All that
can be said is that you'll recognize it if and when the threat information
you receive starts to help you ward off viruses, malware and hacker
attacks.
Source: The Internet – www.esecurityplanet.com

HEALTH
Healthy Teas You Should Be Drinking
Tea is a delicious beverage that can cool you down in the hot summer
months and warm you up in the winter.
But did you know that many types of tea also have great health
benefits? Let’s have a look at what goes into creating different types
of tea and how different varieties of tea can help improve your health
and quench your thirst at the same time.

What Makes Different Types of Tea?
Many different types of tea, such as white tea, green tea, yellow tea,
black tea, oolong tea and pu-erh tea, all come from the same plant,
Camellia sinensis.
The type of tea produced from this plant depends entirely on the way
the leaves are processed after harvesting. Different processing
methods give tea leaves from the same plant their own distinct color
and flavor.
For example, green tea is made by plucking the leaves when they
partially withered and heating them almost immediately to about 200
degrees Celsius to prevent fermentation. The leaves are then rolled and
shaped before being reheated.
Black tea undergoes a different process; the leaves are withered and
rolled before being heated at all.
For centuries, people have been brewing various concoctions of tea for
both flavor and healing purposes, and you don’t need a scientist to tell
you that a cup of hot tea can make you feel better when you’ve got a
cold or sore throat. So it shouldn’t be surprising to learn that research
has demonstrated the health benefits of many different kinds of tea.

Here are seven types of tea that can help your body stay well.
1. Oolong
Oolong tea activates enzymes that cut down triglycerides, a type of fat
found in the blood. One study showed that women who consumed oolong
tea burned a slightly larger amount of fat than those who drank only
water.
Oolong tea is more than just a fat burner, though. It also contains
niacin, which helps detoxify the body, and antioxidants that can prevent
tooth decay.
2. Black
Black tea is one of the most highly caffeinated varieties of tea, with
about 40 milligrams of caffeine per cup. Black tea also contains
thearubigins and theaflavins, two types of antioxidants that have been
linked to lower cholesterol levels.
Plus, drinking three or more cups of black tea a day can cut your risk of
stroke by 21 percent.
3. Green
Green tea is an excellent source of catechins, another type of
antioxidant. A subgroup of this compound known as EGCG has been
studied for its potential role in preventing cancer and heart disease.
One study showed that drinking one cup of green tea per day could
decrease the risk of cardiovascular disease by 10 percent.
4. White
White tea, with its many proven health benefits, is the ultimate multi-
tasker of teas. Much like green tea, white tea contains catechins, which
may help fight cancer and cardiovascular disease. Drinking white tea
might also reduce the risk of cancer recurrence for breast cancer
survivors, according to the American Cancer Society.
5. Chamomile
Chamomile tea is an ancient natural remedy with many health benefits.
Research shows that the antioxidants in chamomile tea may help stunt
the growth of cancer cells and prevent diabetes side effects such as
loss of vision, nerve damage and kidney damage. Unlike the teas
mentioned above, chamomile tea is made from the flowers of the
chamomile plant.
6. Echinacea
Echinacea purpurea is a commonly used natural compound that fights
illnesses such as the common cold and other respiratory infections. One
study showed that consuming Echinacea in tea or lozenge form over a
four-month period helped to prevent infections.

7. Lemon ginger tea
Ginger has an active ingredient called zingiber, and lemon contains the
immune-boosting compounds pectin and limonene. This epic duo makes
lemon ginger tea an effective weapon against bacterial infections. One
study shows that drinking lemon ginger tea can even kill the bacteria
linked to salmonella!
Source: The Internet

LET US LEARN……..

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Issue 13 by 31

Saturday, August 03, 2013

Friday, August 14, 2015 Page 2 of 32

MOBILE WALLETS TWEAK STRATEGY FOR GROWTH.................................................................................................. 14

BANKING & FINANCE

Centre unveils public sector banks revamp road map

The government unveiled a seven-point revamp agenda for public sector

banks with worrisome levels of stressed assets, the central theme of

which was an assertion that their commercial decisions would be left

The government unveiled a seven-point revamp agenda for public sector

banks with worrisome levels of stressed assets, the central theme of

Friday, August 14, 2015 Page 3 of 32

which was an assertion that their commercial decisions would be left

for reducing bad loans, consolidation or timeline to lower government

advisory role on PSB strategies, would be operational by April 2016. The

BBB, finance minister Arun Jaitley said, would be an interim arrangement

and a holding company of government stakes would supersede it before too

IDBI Bank (R2,229 crore) getting the most.

The government reckons greater professional autonomy envisaged under

to problems faced by sectors that contributed the most to PSBs’ stressed

assets — steel, power (including discoms), highways and sugar — would

Friday, August 14, 2015 Page 4 of 32

PSBs’ gross non-performing assets (NPAs) stood at 6% of advances at the

end of June while another 8% was classified as standard restructured

assets, a part of which can be attributed to increased regulatory rigour

and, according to the government, resulted also from “historical factors”

such as fuel issues for power sector firms.

banking institutions. The nature of the problem is such that some

of being fixed,” he said.

Friday, August 14, 2015 Page 5 of 32

or a regulator or an eminent businessperson, three government officials

including the financial services secretary and a deputy governor of the

backing of all PSBs.

The government also proposed to professionalise management and the

boards through a transparent process of selecting the best available

talent, incentivising top management through employee stock options and

performance-linked bonuses. To differentiate the poorly performing banks

key performance indicators (KPI) including on efficiency of capital use

(return on assets and return on equity), NPA management, financial

inclusion, growth and diversification of business as well as certain

qualitative parameters such as external credit rating, asset quality

improvement, capital conservation and HR initiatives. Capital infusion from

the third tranche of Rs 5,000 crore to be released in the fourth quarter

of this year would be as per the KPI parameters.

SBI chairman Arundhati Bhattacharya said, “We wholeheartedly welcome

enable them to take informed decisions in their quest for greater

Friday, August 14, 2015 Page 6 of 32

landscape in the country and enable it to realise potential hitherto

M Narendra, former chairman and managing director of Indian Overseas

return on equity of 20-25% and a return on assets of 1.5-2%. These

tackle the NPA situation, growth will return.”

said Ram Sangapure, executive director, Punjab National Bank.

Source: The Financial Express

RBI instructs banks to provide short-term crop loans

interest concession of two percent on short term crop loans of up to Rs

The RBI, in a notification issued from Mumbai, said that interest

Friday, August 14, 2015 Page 7 of 32

level at seven percent per annum to farmers.

Source : The Financial Express

Friday, August 14, 2015 Page 8 of 32

ECONOMY & POLICY

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