Archive for October 29th, 2018

A review of Governance/Board/MPC in State Bank of Pakistan…

October 29, 2018

Pakistan’s central bank which is celebrating its 70th anniversary, is going through its own governance challenges with the change of government as written in this article.

Keeping the challenges aside, it is interesting to review whether and how the governance and policy structure differs in SBP compared to RBI.

As per the SBP Act (1956), SBP’ s Board has 10 directors:

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100 Years of Saraswat Bank: What made the Gauda Saraswat Brahmins excel at banking?

October 29, 2018

I keep saying that 2018 is a year of anniversaries especially for banks and central banks.

On 14 September 2018, Saraswat Bank celebrated its 100th anniversary. We do see commercial banks celebrating 100 years but it is really nice to see an urban cooperative bankĀ  also achieve this milestone of 100 years. On the anniversary, they call themselves 100 years young. Its business has grown from a mere 0.07 lakh in 1920 to nearly 60,000 crore today.

While searching for more articles on Saraswat Bank, I realised that North Kanara Gauda Saraswat Bank also completed its 100 years in 2017. Further research showed another cooperative bank- Shamrao Vithal Bank (SVB), formed in 1906, was in its 112th year.

The readers might wonder about the linkages between these three banks. The connection is that apart from being Mumbai based cooperative banks, these three banks were found by one community of Gauda Saraswat Brahmins (GSB).

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