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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (292)	4/27/1998 3:56:00 PM
From: Jyoti sharma	Read Replies (2) \| Respond to of 12475

Mohan: Thanks for the link. I do not think Russian's will share the latest technology with India. It's a way for them to get some money from India and Indian's to send a message to Pakistan. Jyoti

To: Mohan Marette who wrote (292)	4/29/1998 12:19:00 PM
From: Worswick	Read Replies (1) \| Respond to of 12475

More interesting news. For Private Use Only (C) The Financial Times The Reserve Bank is shepherding the sector along - helping banks to put vastly improved prudential norms in place, and mark assets to market. The central government has also provided paper funds to recapitalise some banks. But improving efficiency is a daunting task. Indian banks suffer from outdated technology, poor risk management, overstaffing and militant unions. Most are saddled with large historic non-performing assets - probably closer to an industry-wide figure of 20 per cent of total assets (gross) than the reported 13 per cent - and many are still undercapitalised. Weak bankruptcy laws and a log-jam in the courts mean that banks are still chasing debts which defaulted a decade or more ago. And while provisioning has improved dramatically, bankers say that balance sheets still conceal hidden losses. Some of India's smaller banks - such as Corporation Bank - appear able to adapt and compete. Others will not. "I can think of four or five banks which have negative worth today and continue to take deposits," said Mr Parekh. Most of India's 280 banks are probably unviable in the long term.