'The future of banking would be in cutting operational costs by automating branch banking'

Will there be surprises in our bank balance sheets?

What’s common between cricket players and central bankers? They keep us on the edge of our seats, and can surprise us all the time. Tuesday was one such day, when the Reserve Bank of India (RBI) announced yet another round of rate cuts, sending a clear message to banks that they should follow suit by reducing their lending and deposit rates to support the return of the economy to a higher growth path.... Whilst the rate cuts are, at best, a signal from the RBI on its intent to see lower rates in the system, the RBI has stressed on developing a corporate bond market as well as rationalising the Government borrowing programme to keep interest rates lower, observed Mr Abizer Diwanji, Head of Financial Services, KPMG, interacting with Business Line by e-mail...

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'Do cost accounting standards find adoption?'

Performance oversight dimension

The corporate sector in India has held, for too long a time, the role of cost and management accounting (CMA) as supplementary to the financial accounting domain, rues Mr A. N. Raman, Chairman of the Professional Accountants in Business Committee of the South Asian Federation of Accountants (SAFA), and a Central Council Member of the Institute of Cost and Works Accountants of India (ICWAI).

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