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Showing posts with the label Indian Economy

HDFC BANK 2.0 : FROM DAWN TO DIGITAL

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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...

Business loans to Small Enterprises will help in recovery of the economy

The overall slump in World economy caused by Brexit, US elections, threats of war involving countries from the far-east, coupled with the haphazard implementation of Demonetisation and lack of clarity about the procedures involved in implementation of GST has affected the Indian economy to the extent that companies have resorted to job cuts and shut down. This slump, however, is temporary, albeit a bit stretched. India’s Real GDP slowed down in the last quarter, but overall growth for the Current Fiscal is estimated to rebound to 7.00%, which is far better than that of the competing Developing and Developed countries. One of the major factors stalling the onset of rapid recovery is the lack of Private Investment due to reasons not limited to India alone. The constant disruptions of Parliament since 2012 for various reasons meant that GST was not implemented at a time when India could afford a temporary slowdown, but rather, at a time when the economy was showing signs of reco...