DOCSLIB.ORG

Third International Conference on Operations and Quantitative M

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Third International Conference on Operations and Quantitative M Private Sector Banks in India - A SWOT Analysis Prof. CHOWDARI PRASAD Dr. K.S.SRINIVASA RAO Associate Professor (Finance Area) Associate Professor (QM Area) Official e-mail: [email protected] [email protected] Personal e-mail: [email protected] [email protected] T.A. Pai Management Institute (TAPMI) MANIPAL – 576 104 Udupi District, Karnataka, India. Tel. (Office): 0820 – 257 1358 / 257 3162 Topic Area: Banking Introduction: Private Sector Banks existed for over a century in India. Formation of State Bank Group in 1955 / 1957 and two nationalizations in 1969 and 1980 lead to dominant Public Sector Banks. Economic reforms in 1991 and Banking Sector Reforms again in 1997-98 have changed the banking scene totally. People generally rely on nationalized banks backed by Government. Change in mindset of the customers forced RBI to allow new private banks a decade back. World Trade Organisation (WTO) and globalization initiated more foreign banks to add competition and a proper level playing field. It is pertinent and appropriate to mention that Imperial Bank of India was also a large private sector bank but handling all the commercial banking business as well as treasury related work of Government until Reserve Bank of India (RBI) was formed in the year 1934, once again as a private bank! It was in the post independent era in the year 1948 that RBI itself was converted into a fully state-owned bank followed by formation of State Bank of India in 1955. The debate about whether RBI is fully autonomous is inconclusive even today as it operates as the country’s central bank and also advises the Government on monetary and fiscal matters but implements the 1 welfare oriented policies as far as regulating the commercial banks are concerned, irrespective whether these banks are in public, private, cooperative or foreign sector. Prior to the first major nationalization of 14 banks in July 1969, private capital called the shots in commercial banking. The Tatas owned Central Bank of India, the Birlas – the United Commercial Bank (UCO Bank now) and so on. The policy of Social Control of banks in India in 1969 brought in a different turn but in retrospect, it is evident that political motives dominated the decision about the two nationalizations. Large scale branch expansion, mass recruitment of staff to take banking to grass root levels, directed investments and credit programmes, administered interest rate regime, credit dispensation towards poverty alleviation programmes through loan melas, etc ruled the roost in the Indian banking scene for over two decades. The Thirty Private Sector Banks today: During the mid-eighties, the scenario changed both at political front and the banking system in India. Productivity, Profitability, Professionalism, Introduction to Technology, Competition from private sector, innovation of new products and services, etc have set in and necessitated dramatic changes beginning with Financial Sector Reforms in 1991. Public Sector Banks started declaring losses and experiencing the need for total change in their working and preparing to face stiff competition from new generation banks permitted to start in mid-nineties after introducing Prudential Norms for the banking system in 1993. PSBs and Old Private Sector Banks realized their new role but also welcomed the new generation banks like Bank of Punjab, HDFC Bank, IDBI Bank, ICICI Bank, Centurion Bank, UTI Bank, IndusInd Bank, Times Bank, etc. These new banks had the advantage of starting with a clean slate, adequate capital resources, well trained and professional man-power, absence of Non Performing Loans in their books, 2 computerization, lean organizational system, handful of branches in chosen centres, a new variety of products and services, etc. Formation of WTO in January 1995 and India’s commitment to open up financial services to Global players had also brought in many Foreign Banks to open their Offices and expand branches, offering new range of products and services, through ATMs and Electronic services, Credit Cards and Portfolio Management for High Networth Individuals and Corporate customers. An entirely new level playing field was created to accept perfect competition among all types of banks in the country, particularly in Metro and Urban centres. Amidst the transition from traditional and controlled banking system, the old Private Sector Banks which were carrying on their business within limited area of operation also started feeling the heat both from the re- charged PSBs and new Private Sector Banks besides Foreign Banks. The latest new private banks to enter the scene are Kotak Mahindra Bank in March 2003 and YES Bank in September 2004. Table No. 1 Performance Data of all Private Sector Banks in India as on March 31, 2004 (Rs. in Crores) S No Financial Indicator 21 Old 9 New Total 30 Private Banks Private Banks Private Banks 01 Deposits 1,09,805.46 1,58,743.80 2,68,549.26 02 Investments 49,545.70 85,255.33 1,34,801.03 03 Advances (Credit) 58,232.66 1,12,666.5 1,70,899.19 3 04 Total Assets 1,26,093.19 2,41,183.13 3,67,276.32 05 Gross NPAs 4,609.63 5,771.17 10,380.80 06 Net NPAs 2,142.07 2,664.40 4,806.47 07 Interest Income 9,472.84 16,068.95 25,541.79 08 Other Income 2,519.31 5,092.23 7,611.54 09 Total Income 11,992.15 21,161.18 33,153.33 10 Interest Expended 6,238.68 11,291.32 17,530.00 11 Operating Expenses 2,503.52 4,911.07 7,414.59 12 Total Expenditure 8,742.20 16,202.39 24,944.59 13 Operating Profit 3,249.89 5,116.35 8,366.24 14 Provisions/Contingencies 1,786.06 2,941.14 4,727.20 3 15 Net Profit 1,463.83 2,017.63 3,481.46 (Source: IBA Bulletin, October 2004) Among the thirty (30) Private Sector Banks in India today, we have 21 old and 9 new banks which are able to sustain the competition. Stringent Capital Adequacy requirements, compliance to Prudential, Asset Liability and Risk Management norms, huge investment in technology to move towards total computerization, etc., have put tremendous pressure on all the banks including the old Private Banks. In the post reforms era too there have been several changes in banking system in India. Times Bank was merged with an efficient counter-part ie., HDFC Bank in 2000 for strategic reasons. ICICI Ltd (a private sector Development Financial Institution formed in 1955-56) was reverse merged with ICICI Bank. In the previous year, it also took over the south based Bank of Madura. Simultaneously, certain erring or inefficient old private banks like Benares State Bank Ltd., and Nedungadi Bank Ltd., were asked by RBI to be merged with Public Sector Banks in recent years. But, one question that arises is how much reliable some of the new private banks are inspite of their efficiency due to recent experience of Global Trust Bank failure. Better professional management techniques adopted by the ICICI Bank made it as number one, inspite of rumours two years back (Best Bank – Business India, 16-29, August, 2004). From the data available in the RBI Annual Report for 2003-04, it is observed that private sector banks have been discharging their responsibilities and obligations in extending priority sector lending more than satisfactorily. The following table evidences the status vis-à-vis Public Sector and Foreign Banks: 4 Table No. 2 : Priority Sector Advances by Banks in India (Rs in Crores) As on last reporting (27) Public Sector (30) Private (34) Foreign Banks Total Friday of Banks Sector Banks March 1999 1,04,094 (39.2) 13,947 (41.3) 8,268 (36.5) 1,26,309 March 2000 1,27,478 (40.3) 18,368 (38.0) 9,934 (35.2) 1,55,780 March 2001 1,49,116 (43.7) 21,567 (36.7) 11,572 (33.5) 1,82,255 March 2002 P 1,71,185 (43.1) 25,709 (40.9) 13,414 (34.0) 2,10,308 March 2003 P 2,03,095 (42.5) 36,705 (44.4) 14,848 (33.9) 2,54,648 March 2004 P 2,45,501 (43.9) 52,629 (47.3) 17,651 (34.2) 3,15,781 (Source: RBI Annual Report, 2003-04) Private Sector Banks as a group has extended priority sector loans at 47.3 per cent in the year 2004; over and above the stipulated 40% of the total advances. In absolute terms too, there has been nearly four fold increase in a six year period while their counter parts viz., Public and Foreign Banks have increased their exposure just about one and half times. Note: Figures for the three years 2002 to 2004 in the above table are provisional. Figures in parentheses are percentages to net bank credit in the respective group. The target for aggregate advances to the priority sector is 40 per cent of net bank credit for domestic banks and 32 per cent of net bank credit for foreign banks. Table No. 3: Outstanding Agricultural Advance (Rupees in crores) PUBLIC SECTOR PRIVATE SECTOR End March Amt O/s % of NBC Amt O/s % of NBC 1999 37,632 14.2 3,467 9.1 2000 45,296 14.3 4,023 8.3 2001 53,571 15.7 5,634 9.6 2002 P 63,082 15.9 8,022 8.5 2003 P 73,507 15.3 11,873 10.8 2004 P 86,127 15.4 17,594 12.3 (Source: RBI Annual Report 2003 – 04) From the above table, we observe that Public Sector Banks have always been at the command of the RBI and Government of India to disburse more and more to the much needy agricultural 5 sector.
Load more

Recommended publications
  • Banking Awareness Question Bank V2
    www.BankExamsToday.com www.BankExamsToday.com www.BankExamsToday.com Banking Awareness By Ramandeep Singh Question Bank v2 www.BankExamsToday.com S. NO. Banking AwarenessTOPICS Question Bank v2 PAGE NO. 1. 2. 3. History of Banking 2 - 4 4. Reserve Bank of India 4 - 7 5. NABARD 7 – 10 6. IRDAwww.BankExamsToday.com10 - 12 7. BIS 12 - 15 8. International Organizations 16 - 18 9. National Housing Bank 19 - 21 10. Credit/Debit Cards 21 - 24 11. Fiscal Policy 24 - 27 12. ATM 27 - 30 13. Banking OMBUDSMAN (Part 2) 30 - 33 14. Letter of Credit 33 - 36 15. WTO 36 - 39 16. World Bank 39 - 42 17. Allahabad Bank 42 - 45 18. Syndicate Bank 45 – 48 19. Oriental Bank of Commerce 48 - 51 20. Axis Bank 51 – 54 21. Punjab & Sind Bank 55 – 58 22. Bank of Baroda 58 – 60 23. ICICI Bank 60 – 63 24. PNB 63 – 66 25. United Bank of India 66 – 69 26. Vijaya Bank 69 - 72 27. ICICI Bank 72 – 75 28. Credit/Debit Cards (Part 2) 75 – 78 Canara Bank 78 – 81 Mixed Topics 81 - 121 By Ramandeep Singh Page 2 www.BankExamsToday.com HISTORY OF BANKINGBanking Awareness Question Bank v2 Q1. First Bank established in India was: a) Bank of India b) Bank of Hindustan c) General Bankwww.BankExamsToday.com of India d) None of The Above Q2. Bank of Hindustan was established in ____: a) 1700 b) 1770 c) 1780 d) None of The Above Q3. Which among the following is correct regarding Bank of Hindustan: a) The bank was established at calcutta under European management.
    [Show full text]
  • Do Bank Mergers, a Panacea for Indian Banking Ailment - an Empirical Study of World’S Experience
    IOSR Journal of Business and Management (IOSR-JBM) e-ISSN: 2278-487X, p-ISSN: 2319-7668. Volume 21, Issue 10. Series. V (October. 2019), PP 01-08 www.iosrjournals.org Do Bank Mergers, A Panacea For Indian Banking Ailment - An Empirical Study Of World’s Experience G.V.L.Narasamamba Corresponding Author: G.V.L.Narasamamba ABSTRACT: In the changed scenario of world, with globalization, the need for strong financial systems in different countries, to compete with their global partners successfully, has become the need of the hour. It’s not an exception for India also. A strong financial system is possible for a country with its strong banking system only. But unfortunately the banking systems of many emerging economies are fragmented in terms of the number and size of institutions, ownership patterns, competitiveness, use of modern technology, and other structural features. Most of the Asian Banks are family owned whereas in Latin America and Central Europe, banks were historically owned by the government. Some commercial banks in emerging economies are at the cutting edge of technology and financial innovation, but many are struggling with management of credit and liquidity risks. Banking crises in many countries have weakened the financial systems. In this context, the natural alternative emerged was to improve the structure and efficiency of the banking industry through consolidation and mergers among other financial sector reforms. In India improvement of operational and distribution efficiency of commercial banks has always been an issue for discussion for the Indian policy makers. Government of India in consultation with RBI has, over the years, appointed several committees to suggest structural changes towards this objective.
    [Show full text]
  • Merger and Acquisitions in the Indian Banking Sector
    Research Article Volume 1 Issue 6 2015 ISSN: 2395-7964 SS INTERNATIONAL JOURNAL OF MULTIDISCIPLINARY RESEARCH Merger and Acquisitions in the Indian Banking Sector Prof.D. Suryachandra Rao Faculty of Commerce and Management Krishna University Machilipatnam, A.P Dr. M. Venkateswara Rao Principal Kunda College of Technology & Management Vijayawada, A.P., India Abstract The International Banking scenario has shown major changes in the past few years in terms of the Mergers and Acquisitions. Mergers and Acquisition is a useful tool for the growth and expansion in any Industry and the Indian Banking Sector is no exception. It is helpful for the survival of the weak banks by merging into the larger bank. Due to the financial system deregulation, entry of new players and products with advanced technology, globalization of the financial markets, changing customer behaviour, wider services at cheaper rates, shareholder wealth demands etc., have been on rise. This study shows the impact of Mergers and Acquisitions in the Indian Banking sector. For this purpose, a comparison between pre and post merger performance in terms of Operating Profit Margin, Net Profit Margin, Return on Assets, Return on Equity, Earning per Share, Debt Equity Ratio, Dividend Payout Ratio and Market Share Price has been made. In the initial stage, after merging, there may not be a significant improvement due to teething problems but later they may improve upon. Key words: Mergers. Acquisitions, Financial Performance, Ratio, Profitability 76 01.00 Introduction Mergers and Acquisitions is one of the widely used strategies by the banks to strengthen and maintain their position in the market.
    [Show full text]
  • View Annual Report
    As filed with the Securities and Exchange Commission on July 12, 2018 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ‘ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR È ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 2018 OR ‘ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to OR ‘ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of event requiring this shell company report Commission file number 000-54189 KABUSHIKI KAISHA MITSUBISHI UFJ FINANCIAL GROUP (Exact name of Registrant as specified in its charter) MITSUBISHI UFJ FINANCIAL GROUP, INC. (Translation of Registrant’s name into English) Japan (Jurisdiction of incorporation or organization) 7-1, Marunouchi 2-chome Chiyoda-ku, Tokyo 100-8330 Japan (Address of principal executive offices) Kazutaka Yoneda, +81-3-3240-8111, +81-3-3240-7073, same address as above (Name, Telephone, Facsimile number and Address of Company Contact Person) Securities registered or to be registered pursuant to Section 12(b) of the Act: Title of each class Name of each exchange on which registered Common stock, without par value ................................................................. NewYork Stock Exchange(1) American depositary shares, each of which represents one share of common stock .......................... NewYork Stock Exchange (1) The listing of the registrant’s common stock on the New York Stock Exchange is for technical purposes only and without trading privileges.
    [Show full text]
  • 1 CHAPTER-1 INTRODUCTION Every Organization Whether It Is
    CHAPTER-1 INTRODUCTION Every organization whether it is manufacturing sector or service sector like bank, insurance etc. is relentlessly in a course of self-appraisal and in looking for devices for appraising its own contemporary performance in comparison with the various targets, past achievements and operative and financial parameters. Business judgment and policy formulation characteristically depend on such types of indicators. The competency of banks, which converts its resources to output by making its best allocation, is essential for the growth and development of an economy. Since banking sector plays enormous role in the progress of an economy, it has received unsullied interest from researchers and economists. The swift progresses in IT (information technology) have directed to the radical expansion of new banking services and financial instruments. The competition among banks at national and international level has amplified and it has induced the banking industry to progress their efficiency and productivity. Moreover, the government have adopted diverse policies and procedures, which were drafted by policy makers, think tanks and civil society in coordination with officials of the government authority. Among such policies, the consolidation of banks appeared to be one of the best desirable strategies. It can typically be characterized as activities involving acquisitions, takeovers, demerger, amalgamation, internal corporate restructuring, corporate control as well as changes in the proprietorship arrangement of firms in any industry. Actually, M&As (merger and acquisitions), which takes place to accomplish economies of scale, to persuade diversifications of the products, to boost profitability along with technological 1 change and deregulation and to lessen the various risk as well, can happen through in- house and exterior means.
    [Show full text]
  • Ue Efveoee&Jceer³e Deewj Yeerceeke
    yeerceeke=Àle Deewj HetCe&leë mebjef#ele KeeleeW keÀer mebK³ee (Òel³eskeÀ Je<e& 31 cee®e& kesÀ Devegmeej) NUMBER OF INSURED AND FULLY PROTECTED ACCOUNTS (As on March 31, Each Year) \HHUFHHNH OH.HHOHH:NHHUPHE.HH 1RRILQVXUHGDFFRXQWV +HW&H OHÉPHEMHIHOH.HHOHH:NHHUNHJXHPHE.HH 1RRIIXOO\SURWHFWHGDFFRXQWV Q LOOLR P LQ HIFHHIXHHYHFH: YHHVÊÉQVOHJ°HRHI0H OH'HHENHÄ>VHIM+HHVHIÊLHNHVYH6°HH+HNHV'HYHJPHHMQ4a1RWH'DWDIRUDUHDVSHUQHZUHSRUWLQJIRUPDW kegÀue efveOee&jCeer³e Deewj yeerceeke=Àle peceejeefMe³eeB (Òel³eskeÀ Je<e& 31 cee®e& kesÀ Devegmeej) AMOUNT OF ASSESSABLE AND INSURED DEPOSITS (As on March 31, Each Year) HIYH2HH M&HHUHSHFHHMHHI0HHH% $PRXQWRI$VVHVVDEOHGHSRVLWV \HHUFHHNH OHSHFHHMHHI0HHH% $PRXQWRI,QVXUHG'HSRVLWV Q LOOLR E C / C HI\HHIXHHYH YHHVÊÉNHV\HHRPHV°HRHI0H OH'HHENHÄ>VHIM+HHVHIÊLHNHVYH6°HH+HNHV'HYHJPHHMQ4a1RWH'DWDVLQFHDUHDVSHUQHZUHSRUWLQJIRUPDW yeerceeke=Àle yeQkeÀeW keÀer leguevee ceW peceejeefMe kesÀ efueS yeercee keÀJejspe keÀe efJemleej (31 cee®e& 2016) EXTENT OF INSURANCE COVERAGE TO DEPOSITS OF INSURED BANKS (MARCH 31, 2016) KeeleeW keÀer kegÀue mebK³ee - 1,682 efceefue³eve efveOee&jCeer³e peceejeefMe³eeW keÀer kegÀue jeefMe - ` 94,053 efyeefue³eve TOTAL NUMBER OF ACCOUNTS TOTAL AMOUNT OF ASSESSABLE DEPOSITS 1,682 million ` 94,053 billion 'HE0HOHÉPHEMHIHOH.HHOHV g PHEMHIHOHSHFHHMHHI0HHH%NHHUFHHHH g 3DUWO\3URWHFWHG$FFRXQWV $PRXQWRI3URWHFWHG'HSRVLWV +HW&H OHÉPHEMHIHOH.HHOHV g )XOO\3URWHFWHG$FFRXQWV 'HYHMHIHOHSHFHHMHHI0HHH%NHHUFHHHH g $PRXQWRIXQSURWHFWHG'HSRVLWV YHHVÊÉ'HHENHÄ>VHIM+HHVHIÊLHNHVYH6°HH+HNHV'HYHJPHHMQ4a1RWH'DWDDVSHUQHZUHSRUWLQJIRUPDW DEPOSIT INSURANCE AND CREDIT GUARANTEE CORPORATION (Wholly owned subsidiary of the Reserve Bank of India) 54th Annual Report of the Board of Directors Balance Sheet and Accounts for the year ended 31st March, 2016 Mission To contribute to financial stability by securing public confidence in the banking system through provision of deposit insurance, particularly for the benefit of the small depositors.
    [Show full text]
  • Recent Wage Agreements
    RECENT WACE AGREEMENTS COLLECTION OF MAJOR WAGE AGREEMENTS IN PUBLIC AND PRIVATE SECTORS INDUSTRIES AND UNDERTAKINGS AITUC PUBLICATION May 1980 Price: Rs. 25.00 Printed by T. N. Siddhanta for AITUC, 24, Canning Lane, New Delhi- 110001 and printed at New Age Printing Press, 5E Jhandewallan, Rani Jhansi Road, New Delhi-110035. CONTENTS SI. No. Industry/Undertaking Page 1. Foreword vii 2. Preface xxvii 3. Bharat Electronics 1 4. Hindustan Aeronautics 11 5. IDPL, Hyderabad 30 6. Engineering Industries, West Bengal 37 7. Jute Industry, West Bengal 49 8. Rajasthan Textile Industry 53 9. West Bengal Textile Industry 10. NTC Mills, Rajasthan 60 11. Kulti Works, IISCO 61 12. Ideal Jawa, Mysore 64 13. Raigarh Jute 64 14. Kirloskar Electric 67 15. IDPL (Surgical Instrument), Madras 91 16. Bata, Faridabad 98 17. Jay Engineering Works, Calcutta 102 18. Carden Reach Shipbuilders and Engineers 19. Ports & Docks 20. Steel Industry 149 21. Banking Industry 187 .22. Coal Industry 202 23. Kanpur Textiles 246 24. Tamil Nadu Textiles 247 25. Karnataka Textiles 251 26. Tamil Nadu NTC Mills 255 27. Delhi NTC Mill 260 28. Birla Mills, Delhi 262 29. Bonus Settlement of Tamil Nadu Textile Workers 265 30. Delhi Cloth Mills 271 31. ONGC 273 32. Indian Oil 297 33. Bharat Heavy Electricals 316 34. NMDC 329 35. Motor Industries Co. (MICo) 344 36. International Instruments 356 37. WIDIA (India) 371 38. Hindustan Copper Ltd. 377 FOREWORD In the course of last two years a number of wage agree- anents have been signed—mostly through Bi-partite negotia­ tions at national industrial level, In the course of some of these, agitations of various types (including strikes) had taken place often during negotiations, One of the major iconstra'nts had been the Bhoothalingam Study report which, though not accepted by any Govt, was being implemented by the Finance Ministry of the Government of India through the Bureau of Public Enterprises.
    [Show full text]
  • Ca 58 / 1947 Ram Chandra Goenka
    CA 58 / 1947 RAM CHANDRA GOENKA CHARITABLE TRUST O/L CA 53 / 1949 BANK OF CALCUTTA (IN LIQN.) PRASANTA SINGHA ROY CA 4 / 1956 ALLAHABAD BANK THE OFFICIAL LIQUIDATOR;HIGH COURT;CAL. CA 180 / 1959 KURSEONG HYDRO ELECTRIC SUPPLY CO.LTD. (IN LIQN.) CA 89 / 1962 LOHAR VALLEY TEA CO. LTD SACHINDRA NATH CHATTERJEE CA 269 / 1968 SHYAM SUNDER JHUNJHUNWALA O.L. CA 180 / 1968 IN RE : BHUSAN CHANDRA BHAR CA 210 / 1973 THAKURDAS SUREKA IRON FOUNDRY LTD. (IN LIQN.) CA 464 / 1982 PUNJAB NATIONAL BANK CALCUTTA BURLAP LTD.(IN LIQUIDATION) CA 165 / 1982 BARASAT BASHIRHAT LIGHT RAILWAY CO.LTD. CA 543 / 1983 PARTHA SARATHI GHOSH EASTERN DRUG CO. LTD. CA 65 / 1984 AMBICA MULTIFIBRES LTD O.L. CA 435 / 1985 M/S.G.S.ATWALA & CO. OFFICIAL LIQUIDATOR, HIGH COURT CA 342 / 1986 ORIENTAL METAL INDUSTRIES LTD. & O/L. SAMARJIT KR. SEN. CA 243 / 1987 SRI VINOD KR.AGARWALLA OFFICIAL LIQUIDATOR CA 21 / 1987 SREE DURGA COTTON & SPINNING MILLS LTD. CA 63 / 1987 RE: BARANAGORE JUTE FACTORY PLC(IN LIQN) CA 486 / 1987 E.S.I. & ORS O/L CA 477 / 1988 ABN FOOD & BREVERAGE PVT. LTD. THAKURDAS BASU CA 1135 / 1988 UNITED BANK OF INDIA BHASKAR ENGG.PVT.LTD. CA 53 / 1988 ALLAHABAD BANK THE OFFICIAL LIQUIDATOR, HIGH COURT, CAL CA 279 / 1989 LIFE INSURANCE CORPORATION OF INDIA. BANK OF CLACUTTA & ORS. CA 72 / 1990 BAJRANG PRASAD JALAN RAIGARH JUTE & TEXTILE MILLS LIMITED CA 3 / 1990 HEMALAYA RUBBER PVT. LTD. C.R.SENGUPTA CA 275 / 1990 UNITED BANK OF INDIA HIND REFRACTORIES (P) LTD. (IN LIQN) CA 189 / 1990 KANKESWAR IRON & STEEL CO.
    [Show full text]
  • UNITED STATES SECURITIES and EXCHANGE COMMISSION Form 6
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934 For the month of January 2018 Commission File No. 000-54189 MITSUBISHI UFJ FINANCIAL GROUP, INC. (Translation of registrant’s name into English) 7-1, Marunouchi 2-chome, Chiyoda-ku Tokyo 100-8330, Japan (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F X Form 40-F Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): THIS REPORT ON FORM 6-K SHALL BE DEEMED TO BE INCORPORATED BY REFERENCE IN THE REGISTRATION STATEMENT ON FORM F-3 (NO. 333-209455) OF MITSUBISHI UFJ FINANCIAL GROUP, INC. AND TO BE A PART THEREOF FROM THE DATE ON WHICH THIS REPORT IS FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED WITH OR FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION. EXHIBITS Exhibit Description 99(a) Financial Review and Unaudited Condensed Consolidated Financial Statements as of and for the Six Months Ended September 30, 2017 99(b) Statement of Computation of Consolidated Ratio of Earnings to Fixed Charges for the Fiscal Years Ended March 31, 2013, 2014, 2015, 2016 and 2017, and Six Months Ended September 30, 2017 99(c) Capitalization and Indebtedness of Mitsubishi UFJ Financial Group, Inc.
    [Show full text]
  • Banking Awareness Capsule : March - 2017
    Banking Awareness Capsule : March - 2017 www.BankExamsToday.Com 3/27/2017 BankExamsTodayEditorial Table of Contents 1. Multilateral Investment Guarantee Agency: Role in Healthy Investment Environment#2 2. List of Currency Terms With Explanation#3 3. National Financial Switch: Gateway of ATM Switching#4 4. 10 Important Banking Terms To Remember#6 5. Regional Rural Banks in India - Their Sponsors and Head Office#Error! Bookmark not defined. 6. HDFC BANK (Housing Development Finance Corporation)#7 7. Aadhaar App - A New Era In Digital Payments#8 8. List of Insurance companies in India: Tagline, Founder and Heads#..10 9. Banking And Financial Awareness#..13 10. Exim Bank :All You Need to Know#..14 11. Functions of Exim Bank:#.15 12. Board of members:#..16 13. Types of Export Finance#.16 14. SBI#s Minimum Balance Penalty: All You Need to Know$..18 15. Punjab National Bank: Learn Key Points Using Mind Map$..20 16. Federal Bank : Remember Key Points$$23 17. Pros and Cons of SBI's Minimum Balance Penalty$$24 18. Indian Bank : Remember key points using Mind Map$$26 19. Types of Foreign Accounts in India$$.27 20. Twin Balance Sheet Problem in India: A Halt in the Progress$$28 21. Public Private Partnership: All You Need To Know$$29 22. State Bank Of India: Learn Key Points Using Mind Map$..31 23. List of Important Abbreviations For SBI PO$$.34 24. Role of Immediate Payment Services in Banking$..36 25. Difference Between Various NRI Accounts in India$$37 26. Allahabad Bank: Remember Key Points$$.40 27. Pros and Cons of RBI's Proportional Reserve System##42 28.
    [Show full text]
  • Private Sector Banks in India - a SWOT Analysis
    Private Sector Banks in India - A SWOT Analysis Prof. Chowdari Prasad Dr. K.S. Srinivasa Rao Associate Professor (Finance) Assistant Professor(QM Area) T.A.Pai Management Institute T.A. Pai Management Institute & Manipal- 576104 Manipal-576 I04 Kamataka, India. Kamataka, India. Email:[email protected]. Email: [email protected]. chowdarip(@,yahoo.co.in [email protected] TAPMI 'VORKING PAPER SERIES NO. 2005/04 The objective of TAPMI working paper series is to help Faculty members of TAPMI to test out their research ideas/findings at the pre-publication stage. T. A. Pai Management Institute v Manipal -576 104, Udupi Dist., Karnataka TAPMI Private Sector Banks in India -A SWOT Analysis Topic Area: Banking Abstract*: (Word Count: 300) Private Sector Banks existed for over a century in India. Fonnation of State Bank Group in 1955 / 1957 and two nationalizations in 1969 and 1980 lead to dominant Public Sector Banks. Economic reforms in 1991 and Banking Sector Refonns changed the scene totally. People generally rely on nationalized banks backed by Government. Change in mindset of the customers forced RBI to allow new private banks a decade back. WTO and globalization initiated more foreign banks to add competition. Among the thirty Private Banks, we have 21 old and 9 new banks which are able to sustain the competition. But, one question that arises is how much reliable these private banks are inspite of their efficiency due to recent experience of Global Trust Bank failure. Better professional management techniques adopted by the ICICI Bank made it as number one, inspiteof rumourstwo yearsback (BestBank- BusinessIndia,16-29,August,2004).
    [Show full text]
  • Mechanised Cheque Processing Using MICR Technology -Procedural Guidelines (Abridged)
    Mechanised Cheque Processing Using MICR Technology -Procedural Guidelines (Abridged) RESERVE BANK OF INDIA DEPARTMENT OF INFORMATION TECHNOLOGY CENTRAL OFFICE MUMBAI - 400 001 C O N T E N T S Foreword Chapters I. Introduction II. Mechanised Cheque Processing System - General Guidelines Annexures I Names of the Cities and Banks setting up MICR Cheque Processing Centres II Technical Specifications for printing of Standard Cheque Forms and Forms of other Payment Instruments III List of Security Printers included in the panel to undertake printing of cheques for banks IV Panel of Approved Paper Manufacturers V Details of City Codes VI List of All India Bank Code Numbers VII List of Transaction Code Numbers VIII Addresses of MICR Cheque Processing Centres IX Detailed guidelines regarding MICR Encoders X Special Crossing Stamp XI Format of Local Clearing Stamp FOREWORD Cheque Clearing represents an important milestone in the development of an efficient payment and settlement system. The introduction of new technologies in recent years has helped to foster such a system all over the world. As a part of such an evolving framework, the entire process of manual processing of cheques underwent a sea-change when mechanised processing of cheques using Magnetic Ink Character Recognition (MICR) technology was for the first time introduced in India in the late eighties at the four major metropolitan cities of Mumbai, Chennai, Delhi and Calcutta. These centres were set up and are managed by the Reserve Bank of India. The success of these MICR based local clearing processing centres has spurred initiatives on the part of commercial banks for setting up of many more MICR based Cheque Processing Centres at commercially important centres of the country with the latest State-of-the-Art technology.
    [Show full text]