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Reforming the Indian Public Sector Banks: The Lessons and the Challenges
9788121214209

  
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Author T.R. Bhat
Year 2018
Binding Hardback
Pages 346
ISBN10, ISBN13 8121214203, 9788121214209
Short Description
The Title 'Reforming the Indian Public Sector Banks: The Lessons and the Challenges written/authored/edited by T.R. Bhat', published in the year 2018. The ISBN 9788121214209 is assigned to the Hardcover version of this title. This book has total of pp. 346 (Pages). The publisher of this title is Gyan Publishing House. This Book is in English. The subject of this book is Economics.
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Untitled Document

ABOUT THE BOOK

As a part of the larger economic reforms launched in India from 1991 and continuing today, the banks in the public sector (PSBs) have been subjected to continuous reforms spread over 25 years. The present book studies the whole gamut of reforms in relation to the PSBs. It documents the circumstances that triggered the reforms in 1991, the kind and the range of reforms introduced at different intervals till March 2017. The book critically examines the impact of the reforms with relevant data and authoritative references from both official and non-governmental sources. Have the reforms helped PSBs to become healthier? What are the lessons learnt or not learnt? What are the challenges in the days to come and what needs to be done? These are the issues the book attempts to address. It is a very useful reference book for academicians, practitioners and policy-makers connected with the financial sector.

ABOUT THE AUTHOR

T. R. Bhat, worked in the public sector Corporation Bank from 1976 to 2009 and was a director on the board of the bank. He led Corporation Bank Officers' Organisation between 1981 and 2009 and was a senior office bearer of All India Bank Officers' Confederation from 1993 to 2009. With his intimate knowledge as an insider of the banking industry and in his capacity as the founder editor of the monthly journal of the officers' association he had been writing extensively on the reforms and the problems in the banking industry for 27 years.

His other books are 'In search of an identity-25 years of a bank officers' union (1998), 'Editor's Choice- selected editorials of a union journal (2007), both published by CBOO and the autobiographical 'Sangharshadinda samarasyadedege' (Conflict to harmony-challenges of leading a trade union) (2015) in Kannada and published by Navakarnataka Publications P Ltd, Bangalore.

CONTENTS

Foreword ................................................................................... 9

Preface .................................................................................... 11

List of Tables .......................................................................... 15

Prologue .................................................................................. 17

SECTION - I
Towards reforms (The pre-1991 years)

1. Banking in India in the Early Years of
Independence ...................................................... 23

2. Banks after Nationalisation Till 1991 ................... 31
• Objectives of nationalisation • Performance of nationalized banks • References.

3. Weaknesses of Public Sector Banks in 1991 ......... 41
• Technology • Mounting non-performing assets • Lack of accountability • Poor customer service • Poor human resources management • Poor performance in terms of productivity and profitability • The Non-performing Assets • The efficiency parameters • References.

SECTION - II
The first 12 years of reforms (1992-2004)

4. The Early Years of Reforms .................................. 59
• The trigger • The first Narasimham Committee • The Basel Accord on capital for banks • A paradigm shift • The reforms roll on • References.

5. Impact of Reforms: The Positive Side .................... 77
• The emphasis on performance • The positive side • Capital and Capital adequacy • Deregulation of interest rates and statutory ratios • Non-performing Assets • Performance parameters • References.

6. The Contrarian View ............................................ 87
• Other authorities • References.

7. The Vulnerability of Banks and the Scams ........... 99
• CRB Capital Markets Scandal • The pay order and gold trading scandals • Were the lessons learnt? • References.

8. The Banks that Forfeited the Trust .................... 113
• The problems that surfaced • Negative net worth • Audit findings • The moratorium and after • The losers • JPC’s findings • The renewed debate • The albatross on the neck of OBC • Liquidation vs. mergers with PSBs • References.

9. The Case of three ‘Weak Banks’ ......................... 123
• The case of weak banks • Performance of ‘Weak banks’ between 2000 and 2005 • References.

10. How did Banks become Fragile? ......................... 135

SECTION - III
Further reforms (2004-2014)

11. 2004 and Beyond .............................................. 157
• The changing political scenario • The vision of the bankers 2010 • The focus of reforms • Progression from Basel I to II to III • The Committee on Fuller Capital Account Convertibility 2006 • The report of the Independent Commission on Banking and Financial Policy (2006) • The Committee on Financial Sector Reforms (2008) • The measures taken by RBI • Corporate Debt Restructuring • References.

12. Sustaining the Momentum ................................. 167
• Capital adequacy-Basel II and beyond • Risk based supervision • Asset classification and provisioning • Higher disclosure norms • Corporate governance • Autonomy package • Legal reforms • Frauds in Banks • Attempts to restructure PSBs • References.

13. The Renewed Emphasis on Social Banking ......... 185
• The concept of ‘financial inclusion’ • Educational loans • Loans for housing • Preference for term lending • IT enabled services • Customer oriented facilities • The global financial crisis • References.

14. The Global Financial Crisis of 2007-08 and its Impact on Indian Banking ............................. 197
• The origin of the crisis • The instruments • Why it happened • Profits and risk management • Firewall between investment banking and commercial banking • Some banks weathered the storm • The magnitude of the crisis • The bailouts • The implications • The economic model
• Impact on the Indian financial sector and the economy • Lessons for Indian banks • Conclusion • References.

15. Performance between 2004 and 2010 ................. 213
• Performance of banks • Thrust to advances to industry • Priority sector advances • Soundness Indicators • Efficiency parameters • The NPA phenomenon • Further computerization • The issues of concern • References.

SECTION - IV
Towards the turmoil (2014-17)

16. Beyond 2010-emphasis on Efficiency ................. 225
• Focus on efficiency • Basel III norms • Deepening financial inclusion • Financial Inclusion Advisory Committee • Nachiket Mor Committee
• Regulation and supervision • Restructuring of standard advances • Better corporate governance • The contaminated loan portfolios • Institutional structure • The questions that came up • References.

17. A Precipitous Fall-2015-16 ................................. 237
• Progress at a glance • The slide began after the global crisis • A painful business growth • What went wrong?
• External factors • Internal factors • Regulator level failures • Government’s failures • References.

18. The Crisis of 2014-16: Internal Factors .............. 253
• Governance, the core issue of reforms • Leadership failures • Governance standards • Ineffective internal checks and controls • Poor HR management • Lack of accountability • Whistle-blowing • Lessons from UK • Conclusion • References.

19. The Fresh Round of Reforms- 2015-17 ............... 275
• Government acts • Setting up of Bank Boards Bureau • Recapitalisation • Accountability • Turnaround plans for 10 banks • Mergers of SBI associates • Bankruptcy Code, 2016 • Demonetisation • Proposal for PARA • Move towards consolidation of PSBs • Issues left open • The questions that remain • References.

SECTION - V
The way forward

20. Merger of PSBs, How Feasible is the Option? ...... 285
• Earlier approach towards merger of PSBs • The logic of individual identity • The renewed debate and action • Experience the world over
• The social cost • Big is not necessarily efficient • The inconsistency in policies • Competition Commission and size • Need for caution • Need for an India-centric model • References.

21. Is Privatisation an Option? ................................ 301
• Background of the demand • Need for more capital • Performance and ownership • The conduct of private banks • Doing business is not government’s business? • Emphasis to be on performance, not ownership • References.

22. Facing the Future Challenges-the Way Forward .. 311
• The positive gains made by PSBs • Continued relevance of PSBs • Way forward • The pace of reforms • Need for consensus • Policy issues • Built-in safeguards • References.

The Epilogue ..................................................... 323

Postscript .......................................................... 325

Select Bibliography of Books and Articles Referred to in the Text ....................................... 329

Index ...................................................................... 337


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