The bank will strive to make a seamless transition from the old identity to the new by end of 2007...

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Moreover, interest rates have been continuously raised twice by the central bank since December by 25 basis points each time, making the environment volatile for investors. And as exchange rates (fluctuating between Rs.40 & Rs.41) seem more volatile, risk management has become a core activity. The opportunity is expected to greatly accentuate with the sector being opened up for global players in 2009. The opening up of the Indian banking sector should act as a catalyst for action and usher in transformational phase of organic & inorganic growth.

The dynamics of rural India are also changing; with the economy surging (growing by 9.4%), agricultural income is on the rise. The market, once a forte of public sector banks, has huge potential not only for micro credit companies, but also for credit to SMEs & commercial banking. UTI can’t afford to be a mere spectator to these changing paradigms.

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Source : IIPM Editorial, 2007

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

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Rashmi Bansal Publisher of JAMMAG magazine caught red-handed, for details click on the following links.

• Hindustan Times Article - Publisher goes underground
• Rashmi Bansal (Editor of JAMMAG)
• Rashmi Bansal (Publisher of JAMMAG)