India’s most comprehensive programme for start-ups T he Indian startup ecosystem has seen over 20,000 new companies being incorporated in July 2020 alone and the trend has continued in the months of August and September as well. The cumulative number of startups incorporated in India since 2010 is more than 800,000. The numbers suggest that the startup segment is clearly poised for exponential growth. Yet for a market segment this big, technology advancements in Banking hadn’t benefitted this segment yet. Sensing an opportunity here, ICICI Bank, one of India’s leading Banks, introduced ‘iStartup2.0’ — a 360-degree holistic and most comprehensive programme for startups with a combination of banking and beyond banking services across their life stages in a single place. This programme for startups takes care of their banking as well as beyond-banking needs such as regulatory assistance, analytics, staffing, accounting, customer acquisition and digital outreach to customers, network...

A story about reinvention and innovation, by a master story teller! Mr. Rajnish Kumar, Chairman — SBI, launched the book in the presence of other esteemed guests If there is one organisation in India whose rise is in sync with the rise of India as a nation, it is HDFC Bank. In many ways, HDFC Bank is the true representation of the real India — Young, aspirational, world beater, trendsetter and in-sync with all the latest technological advancements. Hence, it is a no-brainer that HDFC Bank would make the ideal case study for any writer who wishes to chronicle the journey, the founding principles, the practices and the untold stories of the Indian Banking Sector after Liberalisation, Privatisation and Globalisation. Tamal Bandyopadhyay’s keen eye for detail, deep knowledge of the Banking industry and an unparalleled storytelling ability made him the ideal choice to astutely chronicle the journey of HDFC Bank from ‘Dawn to Digital’, 7 years after the release of his fi...

By Alastair Pavrey The banking sector has always been in the spotlight, for good or bad. Considered a backbone of the economy, the integrity of the institutions has been questioned due to various issues, ranging from the exponentially increasing Non-performing Asset (NPA) woes to the recent frauds making waves around the finance community. Let us look at how the sector performed in Q3 FY18, the NPA situation and how it is being resolved and finally why the MSME sector is emerging as a good proposition for banks to expand their loan portfolio, while significantly reducing the risk of “bad loans”. Banking Sector Performance Q3 FY18 As per CARE Ratings, the performance of banks continues to be stressed in Q3-FY18 as revealed by the performance of a sample of 30 banks which includes 13 PSBs and 17 private banks. Profits are under strain and the NPA issue continues to pressurize banks. ·       Growth in interest income in Q3-FY18 was 8.9% as a...