After a marathon year, it’s time for banks to run even harder. Will they overcome?

IIPM BEST B-SCHOOL

The era of consumer profligacy has now finally arrived in India. And thanks to this new found spirit of indulgence, Indian banks have been smiling all their way to the bank! Statistics speak for themselves. Chetan Ahya, Executive Director, Morgan Stanley, India shares his view on the changing economic balance, “Led by leveraged purchases of new homes & automobiles, consumer debt in India has tripled, from four years earlier, to Rs.6 trillion or about 15% of annual GDP.” The Reserve Bank of India data indicates that on an average, one out of every four Indians is over-leveraged.

In FY07, banks harvested some of the best incomes and profits in the recent years. The earnings of PSU banks grew by a record 39% in the last quarter of 2007, while the figure was 24% for private sector banks. But consider a scenario, wherein the Indian consumers, who have been lately loosening their purse strings quite liberally, decide to hold back? What happens then to the fortunes of the banks? After all, it’s actually this huge appetite for money (no matter what the consequences are!), which is driving the top-line growth of the banking industry.

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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The telecom sector is witnessing impressive performance from all its verticals

IIPM PUBLICATION

Such is the lure of the Indian telecom sector that the world’s leading telecom companies are trying hard to become a part of this success story. While Vodafone has already acquired a controlling stake of 67% in India’s Hutchison- Essar for $11 billion, other players, like British Telecom and AT&T, have acquired National Long Distance and International Long Distance licences in India. The success of the Indian telecom sector is now also being recognised in the global telecom industry. Recently, while Bharti-Airtel became the first operator in India to enter the Global Top 10 telecom service provider list with a total subscriber base of 40 million (interestingly, 5.3 million of these subscribers were added in the month of May, 2007 alone), Reliance Communication (RCOM), on the other hand, is all set to spread its wings in both CDMA and GSM segment.

RCOM is not only ramping up its subscriber base at an impressive pace, it is also creating unparalleled value for its shareholders. The scrip has posted a signify cant increase from Rs.267 as on May 31, 2006, to Rs.505.05 on May 31, 2007. Apart from this, RCOM’s financial results also make it the fastest growing telecom company in India. The year 2006-07 saw RCOM book profits worth $734 million, an increase of 612%, when compared to the previous year.

Apart from heavy capital expenditure plans announced by the behemoths like Bharti-Airtel in 2007, the next line of growth in the telecom sector seems to be coming from smaller players like Idea and Spice Cellular. Though the sector is already witnessing notable performance from all verticals, the expansion of the smaller players would act as a propellant in making India the largest telecom market; ahead of US and China.




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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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Juggling with controversies is her forte, but dealing with contradictions is certainly not her strength

On "IIPM - Arindam Chaudhuri - Planman"

The flowing mane of Rajasthan Chief Minister Vasundhara Raje (fondly called Vasu by friends) symbolizes her inherent traits – unbound and free-fl owing. Even in the face of the worst crisis of her life – the violent Gujjar agitation – Raje was unwavering. Whether it was her controversial lip-lock with Biocon chief Kiran Mazumdar Shaw or the hackles raised about her catwalk (as Union Minister of State for Small Scale Industries) at a Bangalore fashion show to promote Khadi, Raje has always faced challenges with a dauntless front.

Be it her marriage or separation, personal life or political career, she has always been as far away from controversies as her own shadow. She holds a unique distinction of being a Maratha Rajput by birth and a Jat by marriage, who married her son in Gujjar community. If these factors contributed in lobbying all these influential communities behind her in 2003 Assembly elections, leading to the biggest ever victory for BJP in Rajasthan, the slippery caste equations may prove to be her nemesis as well. She was again in the center of storm last month after one of her supporter-MLAs depicted her as Goddess Annapurna in a calendar widely distributed in the state. An FIR was registered against her and the MLA – not by an opposition Congress leader but by the wife of BJP stalwart, Jaswant Singh, (leader of opposition in Rajya Sabha.) “I am not answerable for acts of somebody else, not even of my wife, who exercises her franchise and applies her own mind,” reasoned Singh. But the act betrays a sense of discontent against Vasundhara’s “sycophantic” leadership.

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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IIPM going global
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IIPM Infrastructure : Campus
HRIC :- Human Resource Intelligence Cell

Give me life...

IIPM going global

Juveniles not criminals...

Can there be something more inhuman than when juveniles are being lodged with adults and hardened criminals on the lame excuse that there is a shortage of custodial facility? Shockingly, there are numerous cases where police sent juveniles to jail even when they are eligible for bail, and are not given to circumvent extra paperwork. Asian Center for Human Rights has revealed that the Capital, Delhi, had 3,050 juvenile cases pending in 2005 and there was only one juvenile justice board, Kingsway Camp. These resulted in massive number of inmates being incarcerated longer than the time prescribed for offence.

The largest democracy, India, is desperately suffering for its weakest laws and a Juvenile Justice Act, 1986, undoubtedly is one of them. The outcome of recent amendment (enhancement of age 16 to 18) is nothing but increased workload to the juvenile justice court. For all the big talks of being the largest democracy in the world, sadly as a society, we have not been able to translate it into a workable one, where the concepts of liberty have real meaning and people can carry their fundamental rights right up their sleeve. So long education and opportunities would remain an exclusivity of the elite. Such juvenile crimes would also become a norm rather than exception.

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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36TH Full Time Programme In Planning & Entrepreneu...
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The Business of B-School Rankings & The Big Farce
A beach resort… Come for a month, at least
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Money for nothing...
Topic: India – China: A Growth Comparison
Who says US is on the brink of a recession?...