Bulletin 16 - 12

Issue 13 by 31
26/03/2016
KURINJI
E - BULLETIN
STAFF TRAINING COLLEGE, CHENNAI
Issue
No:
AN E-COMPILATION OF BANKING
16/12 ARTICLES
Saturday, August 03, 2013
Bank of India Staff Training College, Chennai Issue No.16/12
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, March 26, 2016 Page 2 of 22

E - Bulletin
(For Private Circulation only)
Index
BANKING & FINANCE.................................................................................................................................... 4
LOAN DEFAULTS: FINMIN ASKS BANKS TO SCALE UP RECOVERY EFFORTS........................................................................4
BANKS' DEPOSIT BASE TO TAKE RS 1.5-2 LAKH CR HIT............................................................................................... 5
BANKS ORDER FORENSIC AUDIT OF ACCOUNTS AT FIRST HINT OF TROUBLE......................................................................8
ECONOMY & POLICY................................................................................................................................... 10
RBI STOCKS UP ON FOREX RESERVES FOR THE RAINY DAY.......................................................................................... 10
RBI REJECTS BANKS' DEMAND TO DEFER MCLR..................................................................................................... 12
MISCELLANEOUS........................................................................................................................................ 14
GOVT FURTHER RELAXES ATAL PENSION YOJANA NORMS......................................................................................... 14
INDIA POST TO LAUNCH PAYMENTS BANK BY MARCH ’17, SAYS RAVI SHANKAR PRASAD.................................................14
INFORMATION TECHNOLOGY..................................................................................................................... 16
SBI LEADS MOBILE BANKING CHART WITH OVER 38% MARKET SHARE.........................................................................16
MIND VOICE............................................................................................................................................... 18
MAINSTREAM ENGLISH WORDS FROM SANSKRIT ROOTS.......................................................................................... 18
HEALTH...................................................................................................................................................... 20
FIVE TIPS TO KEEP YOUR EYES SAFE THIS SUMMER................................................................................................... 20
LET US LEARN……........................................................................................................................................ 22

BANKING & FINANCE
Loan defaults: FinMin asks banks to scale up recovery efforts
The Finance Ministry has asked public sector banks to scale up efforts to
recover bad loans and ensure that all wilful defaulters pay up.
The issue was taken up for discussion at a meeting called by the

Department of Financial Services with state-run lenders to review all
cases of loan defaults, including that by Kingfisher Airlines.
“This is a routine review meeting to assess various recovery efforts. We

are stepping up recovery efforts,” said a senior government official.
The meeting also discussed ways in which banks can be more proactive in
recovery efforts and making a distinction between wilful and genuine
defaulters. The Finance Ministry has been trying to address the problem
of stressed assets of banks and looking at ways to clean up their balance
sheets.
Gross NPAs
Gross non-performing assets of public sector banks (PSBs) rose to ₹3.61-
lakh crore at the end of December 2015, while that of private lenders was
₹39,859 crore. As many as 7,686 wilful defaulters owe ₹66,190 crore to
the PSBs. While banks have filed 6,816 suits, they have also lodged 1,669
cases. Banks have also started action under the Sarfaesi Act in 584 such
cases.
In a recent directive, the Finance Ministry asked PSBs to invoke personal

guarantees in the event of a borrower company defaulting.“In the event of
default in repayment of loan by the borrower company, all guarantors are
liable to repay the liable loan with interest as the liability of the guarantor
is co-extensive with the principal debtor (borrower),” it had noted.
Earlier, during the Gyan Sangam too, the Finance Ministry had asked banks
to work on loan defaults.

Source: The Business Line
Banks' deposit base to take Rs 1.5-2 lakh cr hit
Indian banks are staring at a deposit erosion of Rs 1.5-2 lakh crore

between September and November as foreign currency non-resident
deposits (FCNR) mobilised in 2013 mature around that time.
This could result in an acute liquidity shortage and a possible de-growth of

balance sheets.
At the deposit growth rate now, banks mobilise roughly Rs 2.4 lakh crore
of deposits in three months. To maintain the same growth, banks will have
to raise at least Rs 4 lakh crore in those three months.
“The liquidity impact to be felt by banks around the maturity time could
be significant,” said Indranil Pan, chief economist at IDFC Bank.
Banks have started preparing for the outflow. Some are even planning to
raise deposit rates around that time to replenish their books. This is
despite the Reserve Bank of India (RBI) getting ready to provide liquidity
support and extend special measures to nullify the shortage. The central
bank might even announce some measures in its April 5 policy review, or at
least communicate to the market its preparedness for supporting the
liquidity of banks, as lenders have asked the central bank to assure the
market that all would be well.
The central bank has also built up a formidable long forwards position in
dollars for that time — $21.15 billion in more than three months and up to
one year segment that can be used to honour the pay-outs. The central
bank’s short position then would be $24.67 billion, indicating RBI was
ready to infuse enough dollars to avoid exchange rate volatility.
Of course, not the entire amount would be used for FCNR transactions.
State Bank of India economist Saumya Kanti Ghosh said the dollar outflow

to be at least $15 billion in September-November due to the FCNR pay-

out.
“RBI will have to come up with some counter-balancing liquidity infusion, or

at least communicate about it clearly, so that the market does not keep
guessing,” said Ghosh.
Gaurav Kapur, India economist at RBS, said the central bank would
probably have to do more open market operations to ease rupee liquidity.
“This is not much of a systemic liquidity issue but this is not frictional
shortage either. Hence, RBI will have to do more long-term infusion of
liquidity,” said Kapur.
Between September and November of 2013, foreign, private and public

banks had mobilised $27-28 billion through FCNR deposits and $6-7 billion
through tier-1 capital route. Though these deposits are chased by banks
all the time, the mobilisation was zealously pursued in 2013 as RBI took
the responsibility of hedging the currency risk. Banks raised the deposits,
offering attractive rates to depositors, and swapped the resultant foreign
currency with RBI.
Some foreign banks even offered loans for these deposits in their
overseas branches so that customers can deposit their money with the
Indian branch of the bank. As a result, the volatility in rupee was arrested
as it recovered from its record low of 68.87 a dollar reached on August

28, 2013.
Though exact numbers are not available, private banks mobilised most of
the deposits. Analysts say HDFC Bank raised about $3.5 billion, ICICI
Bank, Axis Bank and State Bank of India raised about $2 billion each.
Foreign banks and some other large public sector banks with overseas
presence mobilised at least $1-2 billion each through the scheme. Rest
were raised by banks that have a captive NRI base repatriating money
home.
Vaibhav Agrawal, analyst with Angel Broking, said banks could see some de-
growth in their deposit numbers around the maturity period.
Though bankers are of the opinion this will not lead to a huge challenge,
they do anticipate some trouble arising out of this outflow. “We do not
anticipate a huge problem due to this outflow but considering that the
amount is large we will have to wait and watch,” said the treasury head at a
large private sector bank. He added RBI’s forward position indicated the
regulator was already working on it to ensure there was no system-wide
challenge. Some bankers were more confident of a limited impact.
Ashutosh Khajuria, Executive Director, Federal Bank, said his bank
wouldn’t see a huge impact.
"Considering that banks are already aware of the situation they will start
deposit mobilisation in the run up as well. The banking system has been
facing challenges with credit growth but deposits haven't been much of a
challenge so I believe banks will be in a position to manage the outflow,"
Khajuria said.
A senior official with a large private bank said deposit rates could harden
in the second half. "In order to counter the outflow, there may be a
temporary bump in deposit rates that banks may undertake to boost their
deposit bases. Apart from this, since most of the fund is leveraged and it
will end up out flowing to the overseas branches of the banks and so we
will see the international branches lending to the domestic branches to
manage the mismatch," said the head of treasury at a private bank.
The deposits, which were mostly in the three year segment, and some
extending up to five years, are due to mature this year between
September and November and bankers are a little nervy.
According to banking sources, discussions on how to neutralise the impact

have already started and once the new year kicks in, banks' asset liability
committees will be busy doing their math on how to replenish the deposit
base by raising money from the domestic market so that the balance sheet
does not show a de-growth.
Source: The Business Standard
Banks order forensic audit of accounts at first hint of trouble
Forensic audit firms are seeing a surge in demand from banks to probe
accounts that have not defaulted but might have started to show some
early signs of trouble. Lenders started making this request in the face of
pressure from bad loans. Forensic auditors said banks usually use these
services once a company defaults on repayment. But, now, lenders are not
waiting for a default to happen and are on the vigil if they sense trouble in
the offing.
Vikram Babbar, executive director, Fraud Investigation & Dispute
Services, EY, said banks were now following a proactive approach and
would be looking at using forensic audits if they suspect any trouble in the
account.
Analysts said sometimes a promoter would not have defaulted on a loan to
a particular lender but might have had trouble in meeting a repayment
deadline at other banks. This might raise an alarm. Bankers have their ear
to the grapevine to catch news of companies being in trouble or of a
possible fund diversion.

“We also do asset-tracing for banks. But sometimes by the time we get
there, it is too late,” said Reshmi Khurana, managing director of Kroll
India. “So what needs to happen more often is a systematic monitoring of
accounts that are in distress and not wait for them to get into corporate
debt restructuring. And, we have been seeing that banks have started
coming on to us early to ask for audit rights of a company and gain

additional information which can provide leverage in times of negotiation
with the promoters. Sometimes they are called before the default.”
In fact, the Finance Standing Committee of Parliament had recently called
for an immediate forensic audit of all restructured loans that had turned
into bad debts. This comes at a time when the stressed assets in the
system were believed to be about 11.24 per cent of advances at the end of
the quarter ended September.
Apart from this, banks have also become cautious in internally identifying
accounts that might need attention. As a result, audit firms have seen an
increase in demand for training purposes as well.
“The demand for anti-fraud training by banks of frontline staff has also
increased. With the Reserve Bank of India (RBI) insisting on banks
cleaning up the books, there has been a surge in requests for forensic
audits. In the last quarter, these requests have increased by almost five
times,” added Babbar.
A systemic review carried out by RBI, which had asked banks to recognise
certain assets in the December- and March-ended quarters of this
financial year, had led to an increase in bad loans. The central bank had

also prodded banks to step up the fight in tackling the rising non-
performing assets’ issue.
Source: Business Standard
ECONOMY & POLICY
RBI stocks up on forex reserves for the rainy day

Between the end of February and March 11, $6.5 billion were added to the
country’s forex reserves. This has been the trend over the last 12 months;
the Reserve Bank of India has been adding to the reserves at every
opportunity.
It is no surprise, then, that India’s foreign exchange reserves are close to

record highs even as reserves of other emerging economies have declined
over the last 12 months.
However it might be hard to sustain this trend over the rest of 2016 given
the expected volatility in foreign fund flows and NRI remittances. The
redemption of FCNR (B) swaps issued in 2013 and due in September 2016
can also lead to a large outflow.
Better than peers
India’s foreign currency reserves (excluding gold) rose close to 6 per cent
in the last 12 months. This is in contrast to other emerging economies,
which have recorded a decline in reserves as they battled to control
currency depreciation.
China has recorded the sharpest fall (15.7 per cent), while other countries
such as Malaysia (13.49 per cent), Indonesia (11 per cent) and Singapore
(3.15 per cent) also witnessed depletion of reserves.
The accretion to reserves in the recent past has taken place under tough
conditions. The rupee lost more than 6 per cent in 2015-16, and foreign
portfolio flows turned negative in this period with an outflow of $15.3
billion. Foreign direct investments have been the saving grace this fiscal
year, with a robust 26 per cent increase in the 11 months of FY 16.
The RBI has, however, net purchased $9 billion through forex market
interventions between April 2015 and January 2016. While this is just a
third of the dollar purchases in the corresponding period of FY 15, it
shows the central bank does not want to let go of any opportunity to
bolster reserves.
This could be due to several reasons. One, the $26 billion worth of FCNR
(B) swaps issued to banks to fight rupee volatility in 2013 will mature in
September this year. Even if half this number is redeemed, there could be
an outflow of $13 billion towards the last quarter that needs to be
accounted for. While the RBI could consider offering to roll over these
deposits, not everyone might take up the offer.
Two, with the Federal Reserve beginning its interest rate hikes, foreign
portfolio flows are beginning to stall and there are risks of higher
outflows in the coming months. Indranil Sen Gupta and Abhishek Gupta of
Bank of America Merrill Lynch point out in a report that FPI debt and
equity investments have risen to 121 per cent of foreign exchange
reserves, from 72 per cent in 2007, increasing the risk from outflows.
Three, the increase in reserves is also partly due to the fall in crude
prices, which can reverse, says Ritesh Jain, CIO, Tata Asset Management.
“The RBI will try to increase the reserves, especially when the rupee
appears to be over-valued in REER (Real Effective Exchange Rate) terms,”
says he.
Four, “there is risk of a slowdown in inward remittances as India gets

almost 50 per cent of the remittances from the Middle East. The
downside of lower oil prices could be lower remittances from the Middle
East,” says Jain.

The rupee has also been relatively stronger compared to its emerging
market peers. This prevents the RBI from losing precious forex reserves
in fighting cross-currency strength from a stronger US dollar, says the
Bank of America Merrill Lynch report.
Liquidity in the economy
Since foreign exchange interventions also result in injecting liquidity in the

economy, fewer interventions are resulting in reduced liquidity. To make up
for the short-fall, the RBI has to inject liquidity through open market
operations (buying/selling G-secs from the domestic market).
“The RBI will need to step up OMO purchases to ₹1,80,000 crore in FY17
from around ₹1,10,000 crore in FY16,” writes Indranil Sen Gupta. This is
needed to bring down bond yields and aid rate-cut transmission.
RBI rejects banks' demand to defer MCLR
The Reserve Bank of India has rejected bankers' demand to defer the
operationalisation of MCLR, or marginal cost of funds based lending, even
as many lenders said that they are not ready to adopt the system. The new
system will be operational from April 1 and many banks fear that their
margins will be hit if the new method is implemented, while others said
that the cost of lending could also go up.
In a closed-door meeting held recently between senior RBI and bank

officials, the central bank told lenders that it doesn't want to extend the
deadline since it was conveyed to them in December itself.
MCLR is a new method that banks will have adopt to declare the lending
rates, and it will replace the base rate. The new rate has to be a tenor-
linked rate with a reset clause at least once a year. For the customer, the

MCLR that is prevailing on the day the loan is sanctioned, will be in

application till the next reset even if the benchmark rate changes.
On the calculation of MCLR, the RBI has said that banks have to factor in
the incremental cost of funds and not the average cost. Therefore,
margins of banks with huge share of fixed rate loans and higher share of
low cost deposits will not be hurt.
However, in case of a falling interest rate scenario, interest rates of new

deposits would not come down as fast as the reset on the new loans. Thus,
the banks' incremental cost may fall marginally in six months, but a large
chunk of loans could be due for reset either on monthly or quarterly basis,
thereby hurting banks margins -the difference between the cost of funds
and yield on investments. The new method is introduced after the RBI felt
that policy rate transmission was not effective under the base rate
system -the rate at which banks lend to best-rated borrower. The RBI has
lowered policy rates -which is the repo rate -by 125 basis points over the
past 15 months. But banks have lowered interest rates by just about 60-
70 basis points.
Bankers complained that they were unable to pass on the rate cut benefits
to borrowers since rates on liabilities side-on deposits were at a fixed
rate, while rates on the loan books were on a floating rate basis.
Source: The Economic Times

MISCELLANEOUS
Govt further relaxes Atal Pension Yojana norms
The government has further relaxed the norms for the Atal Pension
Yojana to give an option to the spouse to continue to contribute for the
balance period on premature death of the subscriber.
The spouse of the subscriber will receive the same pension amount as that
of the subscriber until the death of the spouse. After the death of both
the subscriber and the spouse, the nominee of the subscriber will receive
the pension wealth, as accumulated till the age of 60 years of the
subscriber.
Under current provisions of the scheme, the spouse is handed over the
lumpsum amount accumulated in case of death of the subscriber before he
or she reaches 60 years of age.
“The feedback received from various quarters has indicated that the
present provision under Atal Pension Yojana of handing-over lumpsum
amount to spouse on premature death of the subscriber is not preferred
by many subscribers,” said a Finance Ministry release.
India Post to launch payments bank by March ’17, says Ravi

Shankar Prasad
Telecom minister Ravi Shankar Prasad on Monday said India Post will
launch its payments bank by March 2017. As many as 40 international
financial conglomerates, including World Bank and Barclays, have shown
interest to partner with postal department for the payments bank, Prasad
said on the sidelines of an event on Good Governance.
He also announced that state-run MTNL, which offers services in Delhi

and Mumbai, will offer free roaming services from January 1. This will
allow 35,22,000 MTNL subscribers to receive calls at no extra cost while
travelling across the country.
Prasad also announced many initiatives for digitisation of India Post to

facilitate faster delivery of goods and services, a crucial link for its
partnering in e-commerce business. Some big initiatives for India Post
such as facilitating it with hand-held devices for electronic transactions
which will help in booking and delivery of speed post, registered mail,
money orders, sale of stamps and postal stationary through these devices
were announced.
The minister handed over solar-powered, biometric hand-held devices to

three branch postmasters and 1,30,000 such devices would be rolled-out
by March 2017. At least l,57,000 integrated state-of-the-art parcel
centres have been created for booking, processing and delivery of e-
commerce parcels.
Savings bank deposits and withdrawals, other deposits and loan or claim
payments will also be done electronically on these devices and will
automatically be uploaded on the central server,” said the minister adding
that 197 ATMs are already operating at post offices and many more will
be installed.
The minister said post offices will act as a common service centres and
offer services such as rail reservation, online bill payment for electricity
and water, mobile and DTH recharge, insurance policy premium payments &
transactions for partner banks, insurance companies, mutual funds and
other services.
Source: The Financial Express

INFORMATION TECHNOLOGY
SBI leads mobile banking chart with over 38% market share
State Bank of India, the nation's largest lender, is also the leader in
digital banking in the country in both volume and value terms, handling over
38% mobile banking transactions a month.
The bank, quoting the Reserve Bank data for December 2015, today said in
December 2015, SBI accounted for 38.44% of total mobile banking
transactions in terms of volume and 35.97% market share in terms of
value.
SBI leads the mobile banking space with 151.83 lakh transactions worth Rs
17,636 crore in December 2015.
As against this, the closest rivals, who are all private sector lenders, pale.
ICICI Bank, the second largest lender, had just about 70.01 lakh
transactions, followed by Axis Bank with 60.28 lakh and HDFC Bank with a
low 39.13 lakh, in volume terms.
Commenting on the achievement, SBI chairperson Arundhati Bhattacharya

said in terms of mobile banking volume, the bank has been consistently
maintaining leadership position since April 2015.
"Till a few months back, our customers were doing mostly low to medium
value fund transfers and m-commerce transactions on mobile. But with the
launch of our dedicated user-friendly mobile apps for non-retail
customers, the average transaction size has shot up more than five times,"
she said.
In May 2015, SBI launched mobile banking variant StateBankAnywhere-

Saral which is meant for small and medium firms with single authorised
signatory/user. Another variant StateBankAnywhere- Corporate for large

corporate customers was launched in October 2015.
These apps have been receiving significant response from on-the-move
corporate customers and are facilitating a large number of high-value
transactions through their mobiles.
State Bank has a mobile app for each segment covering a wide range of
customer needs. The app 'State Bank App Kart' gives its users a seamless
user interface for installing, opening or upgrading mobile applications of
the State Bank Group.
Its another platform is SMS Banking with the app called SBI Quick that
facilitates inquiry related options for everyone even from basic phones.
Then the bank also has a mobile wallet 'State Bank Buddy' with a user
base of around 2.5 million.
Source: The Economic Times Tech

MIND VOICE
Mainstream English Words from Sanskrit Roots
Today the language with the most technical vocabulary is undoubtedly

English. So many new words such as Computer, Processor, Monitor,
Internet, Hardware, Software etc are very hard to translate in other
languages and as such are imported into different language to keep pace
with the rapidly evolving new terms.
Any language during the time period of its peak usage as a spoken language
will have its words imported into other languages that exist during that
period. Just like the way Sanskrit words which got imported into Greek,
Latin, Persian, etc during the peak usage of Sanskrit. These Sanskrit
words have today silently formed a vast majority of the Original English
Language!
“The Sanskrit language, whatever be its antiquity, is of wonderful

structure; more perfect than the Greek, more copious than the Latin, and
more exquisitely refined than either, yet bearing to both of them a
stronger affinity, both in the roots of verbs and in the forms of grammar,
than could not possibly have been produced by accident; so strong indeed,
that no philologer could examine them all three, without believing them to
have sprung from some common source which, perhaps, no longer exists;
there is a similar reason, though not quite so forcible, for supposing that
both the Gothick and the Celtick, though blended with a very different
idiom, had the same origin with the Sanskrit; and the old Persian might be
added to the same family”
So said Sir William Jones – the English Philologist who for the first time in
1786 suggested in his book “The Sanscrit Language” that Greek and Latin

were related to Sanskrit and perhaps even Gothic, Celtic and Persian
languages were related to Sanskrit.
Reading the below mentioned words, you will readily appreciate

the significance of Sanskrit Roots in mainstream English Words.
Median Word in
Latin(L) / Greek(G) / Derived English
Root Sanskrit Word Arabic(A) Word
Matr (meaning Mother) Mater (L) Mother (Maternity)
Jan (meaning Generation) Genea (G) Gene
Sarpa (meaning Snake) Serpentem (L) Serpent
Naama (means Name) Nomen (L) Name
Barbara (meaning Foreign) Barbaria (L) Barbarian
Kaal (meaning Time) Kalendae (L) Calendar
Kri (meaning To Do) Creatus (L) Create
Pithr (meaning Father) Pater (L) Father (Paternity)
Bhrathr (meaning Brother) Phrater (G) Brother (Fraternity)
Patha (meaning Path) Pathes (G) Path
Smi (meaning Smile) Smilen (L) Smile
Nava (meaning New) Novus (L) Nova – New
Mithya (meaning Lie) Mythos (G) Myth
Thri (meaning Three) Treis (G) Three
Ghas (meaning eat) Grasa (German) Grass
Samiti (meaning Committee) committere (L) Committee
Sama (meaning Same) Samaz (Proto Germanic) Same
Hrt (meaning Heart) Herto (Proto Germanic) Heart
Nara (meaning Nerve) Nervus (L) Nerve, Nervous
Article by: R. Hemamalini, Senior Manager & IT Faculty, STC Chennai

HEALTH
Five tips to keep your eyes safe this summer

Longer, lazy summer days entice us to enjoy more time outdoors, but
whether we’re spending the day at the beach or just relaxing in the garden
with a good book, we often forget to protect our eyes.
Our eyes need the same care and attention as our skin during the summer
months. Some easy tips to take care of your eyes
1. Always read the label
Sunglasses that are dark or tinted may look like they will shade your eyes,
but only 100% UV-protected sunglasses will prevent your eyes from being
exposed to harmful UV rays
Overexposure can lead to eye disease, especially for those of us with

light-coloured eyes as they are more sensitive to the rays.
Wearing a large hat can help protect your eyes from the sun [GETTY]
2. Get some fresh air
Although we’re quick to turn on the air conditioning to cool us down as the
mercury rises, this can lead to a syndrome known as "dry eye" as air
conditioning units remove all the moisture from the air.
Common symptoms are persistent dryness, scratchiness, red eyes and a

burning sensation. Avoid this by getting plenty of fresh air and only having
the air conditioning on for short bursts of time.
3. Blink more often
The eye is surrounded by fluid, which protects it by washing away debris

and dust every time we blink.
Dry air can carry high levels of microscopic allergens which irritate your
eyes.
If your eyes feel drier than usual, try blinking a few times and make a
habit of doing so more frequently. This will allow more moisture into your
eyes.
4. Wear a stylish broad-brimmed hat
Head gear isn’t just fashion-forward it’s also a must when it comes to
protecting our eyes from the harsh sun.
The wider the brim, the more the hat will deflect sunshine overhead and
from the sides. Go as big and bold as you dare – especially between 10am
and 2pm when the sun is at its strongest.
5. Drink plenty of water
Drinking lots of water during the summer months.
It will help your eyes maintain a healthy balance of fluid, preventing them
from becoming dehydrated and irritated. Well-hydrated eyes also means
sparkly eyes.

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, March 26, 2016 Page 2 of 22

Saturday, March 26, 2016 Page 3 of 22

BANKING & FINANCE

Loan defaults: FinMin asks banks to scale up recovery efforts

The issue was taken up for discussion at a meeting called by the

“This is a routine review meeting to assess various recovery efforts. We

In a recent directive, the Finance Ministry asked PSBs to invoke personal

Saturday, March 26, 2016 Page 4 of 22

Source: The Business Line

Banks' deposit base to take Rs 1.5-2 lakh cr hit

Indian banks are staring at a deposit erosion of Rs 1.5-2 lakh crore

This could result in an acute liquidity shortage and a possible de-growth of

Saturday, March 26, 2016 Page 5 of 22

to be at least $15 billion in September-November due to the FCNR pay-

“RBI will have to come up with some counter-balancing liquidity infusion, or

Between September and November of 2013, foreign, private and public

as it recovered from its record low of 68.87 a dollar reached on August

According to banking sources, discussions on how to neutralise the impact

Source: The Business Standard

Banks order forensic audit of accounts at first hint of trouble

Saturday, March 26, 2016 Page 8 of 22

coming on to us early to ask for audit rights of a company and gain

Saturday, March 26, 2016 Page 9 of 22

ECONOMY & POLICY

RBI stocks up on forex reserves for the rainy day

It is no surprise, then, that India’s foreign exchange reserves are close to

Better than peers

Four, “there is risk of a slowdown in inward remittances as India gets

Saturday, March 26, 2016 Page 11 of 22

Liquidity in the economy

Since foreign exchange interventions also result in injecting liquidity in the

Source: The Business Line

RBI rejects banks' demand to defer MCLR

In a closed-door meeting held recently between senior RBI and bank

Saturday, March 26, 2016 Page 12 of 22

MCLR that is prevailing on the day the loan is sanctioned, will be in

However, in case of a falling interest rate scenario, interest rates of new

Source: The Economic Times

Saturday, March 26, 2016 Page 13 of 22

Govt further relaxes Atal Pension Yojana norms

Source: The Business Line

India Post to launch payments bank by March ’17, says Ravi

He also announced that state-run MTNL, which offers services in Delhi

Prasad also announced many initiatives for digitisation of India Post to

The minister handed over solar-powered, biometric hand-held devices to

Source: The Financial Express

Commenting on the achievement, SBI chairperson Arundhati Bhattacharya

In May 2015, SBI launched mobile banking variant StateBankAnywhere-

signatory/user. Another variant StateBankAnywhere- Corporate for large

Source: The Economic Times Tech

Saturday, March 26, 2016 Page 17 of 22

Mainstream English Words from Sanskrit Roots

Today the language with the most technical vocabulary is undoubtedly

“The Sanskrit language, whatever be its antiquity, is of wonderful

Saturday, March 26, 2016 Page 18 of 22

Reading the below mentioned words, you will readily appreciate

Article by: R. Hemamalini, Senior Manager & IT Faculty, STC Chennai