Dec 2, 2015 - SBI, Axis & others to be hit by new lending rate norm

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Sree Vijaykumar From the Editor's Desk Ever imagined how the world would be with fewer bankers? When I was interviewing for internships in business school, my potential recruiters on Wall Street would keep saying "it's not rocket science" and I would often wonder why investment bankers got paid so much, if the job wasn't that intellectually demanding. Finally, I asked this question to a Citibank VP and he assured me that it's because of the big-ticket decisions that bankers are involved in, including fates of companies, employees and sometimes governments. Fair enough, but like they themselves said, it's not rocket science. Rocket scientists get paid less. Technologists move the world forward a lot more than bankers do, but don't get paid as much. Imagine if they did, so many intelligent youngsters would choose science over finance. That would be good for humanity and the world - Comment SBI, Axis & others to be hit by new lending rate norm The use of a new method for lending rate calculation is going to squeeze banks net interest margin (NIM), depress interest income and hit their profits, especially those with high concentration of corporate loans. Advt:Affordable Housing Schemes in Dubai with Post hand over payment plans Affordable Housing Schemes in Dubai with Post hand over payment plans Prashant Purker promoted as new head of ICICI Venture ICICI Venture has appointed Prashant Purker as the managing director after Vishakha Mulye was brought back into the bank as executive director. 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Pepperfry to spend $10 m on inorganic growth In talks to acquire, or invest in, companies by early 2016 Our burgers are very different; quantity of meat is much higher: Johnny Rockets Business Today Business TodayDean: The first store came in January, 2014 in Delhi. We are operating four now. Next year, we will open in Mumbai, and then Bangalore. By 2018, we need to have 20 stores. This looks like a less aggressive plan compared to other burger chains It is ... 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India ranks 131 on global index of ICT access: Report The report said the Asia-Pacific is the most diverse region in terms of ICT development, reflecting stark differences in levels of economic developmen.. Ringo Halts Domestic Call Service in India After Telcos Allegedly Block It Ringo App, low cost domestic and international calling app has received a major setback in just couple of days after their domestic launch. Some of the Indian Telecom Operators have allegedly blocked Ringo app on their networks. Content Will Win India Telecom War The titans' scramble to expand may benefit audio and video streaming startups Draft National IPR Policy to hamper Indian mobile phone industry: Study The Draft National IPR Policy ignores the concerns and issues raised by the Fast Track Task Force (FTTF), set up by the Department of Electronics and IT (DeitY), to catalyze and re-establish significant growth in mobile handsets and component manufacturing eco-system in India. Why Use Mobile Payment Apps? How are they better than credit cards or COD? And which are the good ones? 5 business models gaining pace and poaching space in ecommerce Here is a closer look at the five upcoming business models that are changing the face of ecommerce. Locker for logistics provider QikPod raises $9M; Will Flipkart's offline centres help? QikPod, a startup, will establish a network of intelligent lockers for delivering ecommerce parcels to online shoppers across the metros. TradeBriefs Publications are read by over 10,00,000 Industry Executives India Business Brief | India Retail News | India Food Brief | India Telecom Brief | India Finance Brief | India Software Brief | India Digital Brief | India Ecommerce Brief | India Franchise Brief | India HR Brief | India Logistics Brief | India Construction Brief About Us  |  Advertise Privacy Policy    Unsubscribe You are receiving this mail because of your subscription with TradeBriefs. 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