Jun 20, 2017 - Foreign bankers rush for `priority' tag on loans

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Sree Vijaykumar From the Editor's Desk When you chat through your bank's website or on your favorite food delivery app, you may be interacting with bots (chatbots or programs that mimic human conversations). Most bots are very basic today, but are quickly "learning on the job" and getting better in handling customer inquiries. Soon, they will be able to sell (and cross-sell/upsell) to you and engage with you in conversation. This sort of engagement requires bots to have a personality, have opinions, a sense of humour - like humans. Ari Zilnik, a New York based user experience designer and co-creator of Emoji Salad - an SMS-based chatbot game - uses 'spectrums' when defining a chatbot's personality. "I find it useful to draw on personalities I am familiar with when I design a chatbot's personality", he says. "What I end up doing is creating a few opposing spectrums of traits - for example I might create a scale with 'dry humor/silly humor', and another that is 'enthusiastic/understated'. I typically have about 6-8 of these spectrums. I then create a list of about ten people - actors, friends, politicians, characters - and try to sort them across these spectrums. Finally, I look at the sorted lists, and I determine which character/person within that spectrum would best serve my user." This approach to personas might leave you with a personality that has "the enthusiasm of Aziz Ansari, paired with Obama's dry sense of humor" Ari describes. This process allows for a more relatable example to refer to when designing dialogue. More here Advertisers of the day On behalf of SAP India: Get GST-Ready in just a few weeks shivkhera: Optimize Performance and Move Up to the Next Level : Programs by Mr. Shiv Khera   Our advertisers help fund the daily operations of TradeBriefs. We request you to accept our promotional emails (B2B Decision-Makers, B2C Decision-Makers, TradeBriefs Premium). Foreign bankers rush for `priority' tag on loans Export credit, which has been classified as priority sector so far, will cease to be within the ambit of that sector. Advt: Lending solutions for all your long-term business needs No company starts big. They grow over time. Standard Chartered will be your companion in this growth journey, giving you solutions that fit your needs at every stage (Know More) Advt: Work for the best employer - Yourself Advantages - Best B2B audience in India, no hard-selling or up-front costs involved, access to our content repository and air-tight agreements with instant gratification. Funds with $14 trillion have more room for EM bonds Morgan Stanley and JP Morgan Asset Management say conditions are right for the floodgates to open. We have around 99% of lending book as secured: Sanjay Agarwal "Customers will use our loan money to earn something, we mostly do not do consumption loans." Where does a Rs100 bank deposit go? Around Rs14 out of every Rs72 lent is now labelled as stressed, which means it either does not generate any income for banks or the borrowers are delaying payments to lenders Lanco Infratech first from 'Blacklist' to face bankruptcy action -Economic Times IDBI bank has fund-based exposure of Rs 7,799 crore & non-fund based exposure of Rs 3,349 crore as on March 2016, while overall dues are over Rs 17,000 crore. IDBI Bank starts insolvency proceedings against Lanco Infra IDBI bank has fund-based exposure of Rs 7,799 crore & non-fund based exposure of Rs 3,349 crore as on March 2016, while overall dues are over Rs 17,000 crore. Unbxd raises $12.5 million from Eight Roads, others Unbxd plans to invest the funds in strengthening its artificial intelligence capabilities and technology platform Emerging market investors think the BRICs are back Emerging market investors piling into BRIC nations (Brazil, Russia, India and China) are pushing monthly inflows and stock prices to nearly two-year highs Chinese companies eye infrastructure investments in India State-run Chinese companies such as CDC and China Harbour Engineering are looking to buy stakes in Indian power and construction firms IHH Healthcare set to seal deal for Fortis, SRL stake IHH Healthcare to buy 26% stake in Fortis from Malvinder and Shivinder Singh; both sides agree to a combined $2.9 billion valuation for Fortis and SRL Diagnostics AU Small Finance Bank to launch Rs1,900 crore share sale on 28 June Small finance bank sets a price band of Rs355-358 per share for IPO, which values firm at around $1.5 billion Proxy advisory firm SES opposes Fortis’s proposal to raise FII limit Stakeholders Empowerment Services recommends Fortis shareholders vote against plan to raise FII limit, citing what it called lack of transparency on company’s part SC gives Sahara 10-day extension to deposit balance funds SC grants 10-day extension to Sahara Group for paying balance amount of Rs709.82 crore out of the Rs1,500 crore it had promised to deposit in the Sebi-Sahara account Banking blues: Gen Y increasingly opting for fintech services in India, China Both countries continue to push digital initiatives: World Retail Banking report Remittances to India dip for second consecutive year: Reserve Bank Sharp fall in oil prices, and political turmoil in some Arab nations cited as reasons Cabinet to approve creating Rs2,000 crore startup fund by July-end The Rs2,000-crore credit guarantee fund would be used to lend to start-ups without any collateral, says DIPP secretary Ramesh Abhishek How DBS Bank forays into India In the past year, the bank has arranged a large number of bond deals worth about $ 3-4 billion, raised by domestic companies in the offshore market. Prachi Mishra: An early top level lateral recruit at RBI quits in less than three years She is said to be one of the important contributors to lay the theoretical foundations on which the `inflation targeting ‘ which the central bank adopted in early 2016 is based. Religare Enterprises may borrow money to repay near-term debt: India Ratings Religare Enterprises may have to borrow money to repay Rs155 crore worth of debt and interest due on 30 Jun since it is temporarily short of cash, says India Ratings GTPL Hathway to raise Rs480 crore from IPO GTPL Hathway would raise Rs480 crore from an IPO for retiring debt and improving network infrastructure Sebi eases restrictions on 19 entities in illegal gains case Sebi gives certain relaxations to 19 entities in a case of alleged misuse of the stock market platform for tax evasion and suspected money-laundering activities Can India gain from Swiss bank black money information? Very little But has the stable door been closed long after the horse has bolted? The govt's efforts to track black money stashed abroad certainly made account holders jittery. Startup boom: Evolution of successful entrepreneurs in India Rosling's book begins with an account of the conversation he had in 2003 with Ratan Tata, who then considered his plan of venturing into a start-up as "not a good idea". GST impact ambiguity, weak demand to keep cement prices under check Uncertainty on goods and services tax’s (GST’s) impact on balance sheets and fear of government keeping a tab on cement prices will deter companies from raising prices Khadim India plans IPO for PE fund Fairwinds' exit Home-grown footwear retailer Khadim India is planning an initial public offer (IPO) within a year. With Whole Foods, Amazon on collision course with Wal-Mart With its $14 billion purchase of Whole Foods, Amazon has announced its intention to take on Wal-Mart in the brick-and-mortar world. Paytm Mall to hire 3000 agents to help local stores sell on its platform Through this agent network, local shops will be able to sell products without having to ma nage inventory, payments and lo gistics, thereby opening up addi tional revenue streams. E-retailers clearing up smartphone stocks via pre-GST sales To clear inventories sourced from states with lower tax than the proposed 12% GST, online marketplaces like Amazon and Flipkart are set offer deep discounts on smartphones, tablets etc. Jio Hiring Techies Across Various Locations In India. Details Here Free data and voice services by the operators could come to an end if the Telecom Regulatory Authority of India (TRAI) implements the proposal of Idea Cellular Limited of maintaining a floor price (minimum tariff) for both data and voice calls. Government hopes telecom sector's health will be clear in 3 months In a meeting with inter- ministerial group (IMG) incumbent (Bharti Airtel, Idea, Vodafone) said that the current interconnection usage charges (IUC). Oh Dear, How Sad : Competition Means Government's Tax Take From India's Telecoms Declines We charge for spectrum use to stop resource rents. If competition is already doing that we'll miss the government revenue, of course, but the correct reaction is still Oh Dear, How Sad, for we've already achieved our goal. Duty on mobiles after GST: iPhones to get costlier; local brands won't gain Smaller players could be routed; major Indian brands may not get any significant advantage Moto to launch budget-friendly Moto C Plus phone today in India Based on the European market pricing, the smartphone could cost somewhere around Rs 8,300 in India. ITC to venture into new FMCG category every quarter After prawns, firm plans to create new product categories in perishable foods India's EXIM container trade volumes growth slowed down in Jan-March Imports and exports grew 7% in the January-March quarter Reckitt in HC against latest price cap on Itchguard New Delhi, Jun 19 (PTI) Healthcare major Reckitt Benckiser today challenged in the Delhi High Court the Centre's latest cap of Rs 2.57 per gram on the price of its anti-fungal cream, Itchguard. Private FMCG firms growing faster than listed peers: VCCircle-AT Kearney study Privately-held companies in the fast moving consumer goods (FMCG) space in India have outpaced their peers in the public domain, shedding light on the opportunity for private equity investors. Alth… Continuous flat sales force Coca-Cola India to shuffle top management Continuous flat sales force Coca-Cola India to shuffle top management​ Flipkart launches Divastri, its first private label fashion brand Flipkart is going after the market for women's ethnic wear Amazon to launch 'End-of-Season' sale on Friday Mega prizes on offer for 16 lucky customers Tussle over subsidiaries delaying Flipkart-Snapdeal merger: Sources Snapdeal feels that Flipkart should add USD 150-200 million for Vulcan and Unicommerce to the current valuation of USD 1.1 billion. Cloud based e-commerce startup Unbxd raises USD 12.5 million in funds Unbxd, the cloud-based product discovery platform for ecommerce, has closed USD12.5 million in Series C funding round led by Eight Roads Ventures Flipkart launches buy now, pay later feature In yet another effort to woo customers, homegrown e-commerce major Flipkart has rolled out a 'buy now, pay later' option using which one can buy products on its platform on credit. The feature, currently in beta stage and available to select Android app users, is akin to a credit card. With a pre-defined credit limit,… Flipkart witnessed 6x jump in TV sale on 17th & 18th June Flipkart said, it completed 97% deliveries of the offers on 18th June while 35% of the deliveries and installations were done on 17th June itself. Will Flipkart's gamble with new private label fashion succeed? “We have some basic line of private label but Divastri will be our first brand in the fashion space,“ said Rishi Vasudev, VP of fashion (retail) at Flipkart. Snapdeal ties up with The National Book Trust, India The average price of the books available is approximately Rs. 25. Books in Hindi, Punjabi, Urdu and English are available for the first phase of the c.. Amazon India launches fashion end of season sale with 50-80% off The company said the sale event has no relation with GST being coming into play from July 1st, 2017. 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