Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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&lt;em&gt;It will bring many customers into banking fold: Andhra Bank CMD&lt;/em&gt;
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&lt;em&gt;Hyderabad:&lt;/em&gt; Andhra Bank Chairman and Managing Director B. A. Prabhakar on Sunday said the cash transfer scheme of the Central government was a game changer for banks as it would help bring a large number of retail customers into the banking fold.
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The scheme had the potential to bring about a second revolution in the industry after nationalisation of banks in 1969 since 100 per cent financial inclusion was mandated through bank accounts, Mr. Prabhakar told the tenth all-India conference of Andhra Bank Officers Federation here.
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He added that banks in the country faced the toughest challenge in recent past as global meltdown of 2008 impacted the industry with a lag effect after 2008-09 and 2009-10 passed off without any hitch.
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The growth rate which used to be 9 per cent earlier came down to 5.6 per cent in 2011-12 and looks headed for 5.3 per cent this year.
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Since the recovery of Indian economy was likely to take at least two years, Mr. Prabhakar warned that the growth rate of banks would be stunted during the period.
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It was in this context that the public sector banks were looking to the Central government for capital infusion. The government had also responded positively.
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Human resources
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On the human resource front, he said all banks faced the threat of vacuum in senior and middle level management in the next few years due to retirement of officers. The banks were clueless though they went ahead with quicker promotions and huge recruitment.
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In chaos, the banks resorted to &amp;lsquo;jugaad&amp;rsquo; management which was grassroots innovation to overcome any constraint.
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&#039;Scheme has potential to bring about a second revolution in the sector after nationalisation&#039;
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Banks in the country faced toughest challenge owing to global meltdown: Andhra Bank CMD
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It will bring many customers into banking fold: Andhra Bank CMD





Hyderabad: Andhra Bank Chairman and Managing Director B. A. Prabhakar on Sunday said the cash transfer scheme of the Central government was a game changer for banks as it...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;-The Hindu&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;It will bring many customers into banking fold: Andhra Bank CMD&lt;/em&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;Hyderabad:&lt;/em&gt; Andhra Bank Chairman and Managing Director B. A. Prabhakar on Sunday said the cash transfer scheme of the Central government was a game changer for banks as it would help bring a large number of retail customers into the banking fold.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The scheme had the potential to bring about a second revolution in the industry after nationalisation of banks in 1969 since 100 per cent financial inclusion was mandated through bank accounts, Mr. Prabhakar told the tenth all-India conference of Andhra Bank Officers Federation here.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;He added that banks in the country faced the toughest challenge in recent past as global meltdown of 2008 impacted the industry with a lag effect after 2008-09 and 2009-10 passed off without any hitch.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The growth rate which used to be 9 per cent earlier came down to 5.6 per cent in 2011-12 and looks headed for 5.3 per cent this year.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Since the recovery of Indian economy was likely to take at least two years, Mr. Prabhakar warned that the growth rate of banks would be stunted during the period.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;It was in this context that the public sector banks were looking to the Central government for capital infusion. The government had also responded positively.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Human resources&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;On the human resource front, he said all banks faced the threat of vacuum in senior and middle level management in the next few years due to retirement of officers. The banks were clueless though they went ahead with quicker promotions and huge recruitment.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;In chaos, the banks resorted to &amp;lsquo;jugaad&amp;rsquo; management which was grassroots innovation to overcome any constraint.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Andhra Bank executive director S. K. Kalra said human resource build up was the biggest challenge of banking industry due to impending retirement of a huge staff.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;N.V. Satyanarayana and V. Raghavendra Sarma, president and general secretary respectively of Andhra Bank Officers Federation also spoke on the occasion.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&#039;Scheme has potential to bring about a second revolution in the sector after nationalisation&#039;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Banks in the country faced toughest challenge owing to global meltdown: Andhra Bank CMD&lt;/div&gt;&#039;,
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-The Hindu
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&lt;br /&gt;
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&lt;em&gt;It will bring many customers into banking fold: Andhra Bank CMD&lt;/em&gt;
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&lt;br /&gt;
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&lt;em&gt;Hyderabad:&lt;/em&gt; Andhra Bank Chairman and Managing Director B. A. Prabhakar on Sunday said the cash transfer scheme of the Central government was a game changer for banks as it would help bring a large number of retail customers into the banking fold.
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&lt;br /&gt;
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The scheme had the potential to bring about a second revolution in the industry after nationalisation of banks in 1969 since 100 per cent financial inclusion was mandated through bank accounts, Mr. Prabhakar told the tenth all-India conference of Andhra Bank Officers Federation here.
&lt;/div&gt;
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&lt;br /&gt;
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He added that banks in the country faced the toughest challenge in recent past as global meltdown of 2008 impacted the industry with a lag effect after 2008-09 and 2009-10 passed off without any hitch.
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&lt;br /&gt;
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The growth rate which used to be 9 per cent earlier came down to 5.6 per cent in 2011-12 and looks headed for 5.3 per cent this year.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Since the recovery of Indian economy was likely to take at least two years, Mr. Prabhakar warned that the growth rate of banks would be stunted during the period.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
It was in this context that the public sector banks were looking to the Central government for capital infusion. The government had also responded positively.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
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Human resources
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&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
On the human resource front, he said all banks faced the threat of vacuum in senior and middle level management in the next few years due to retirement of officers. The banks were clueless though they went ahead with quicker promotions and huge recruitment.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
In chaos, the banks resorted to &amp;lsquo;jugaad&amp;rsquo; management which was grassroots innovation to overcome any constraint.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Andhra Bank executive director S. K. Kalra said human resource build up was the biggest challenge of banking industry due to impending retirement of a huge staff.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
N.V. Satyanarayana and V. Raghavendra Sarma, president and general secretary respectively of Andhra Bank Officers Federation also spoke on the occasion.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
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&#039;Scheme has potential to bring about a second revolution in the sector after nationalisation&#039;
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&lt;br /&gt;
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Banks in the country faced toughest challenge owing to global meltdown: Andhra Bank CMD
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-The Hindu





It will bring many customers into banking fold: Andhra Bank CMD





Hyderabad: Andhra Bank Chairman and Managing Director B. A. Prabhakar on Sunday said the cash transfer scheme of the Central government was a game changer for banks as it...&#039;
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-The Hindu





It will bring many customers into banking fold: Andhra Bank CMD





Hyderabad: Andhra Bank Chairman and Managing Director B. A. Prabhakar on Sunday said the cash transfer scheme of the Central government was a game changer for banks as it..."/>
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                <strong>‘Cash transfer scheme a game changer for banks’</strong></h1>
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                <div style="text-align: justify">-The Hindu</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>It will bring many customers into banking fold: Andhra Bank CMD</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>Hyderabad:</em> Andhra Bank Chairman and Managing Director B. A. Prabhakar on Sunday said the cash transfer scheme of the Central government was a game changer for banks as it would help bring a large number of retail customers into the banking fold.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The scheme had the potential to bring about a second revolution in the industry after nationalisation of banks in 1969 since 100 per cent financial inclusion was mandated through bank accounts, Mr. Prabhakar told the tenth all-India conference of Andhra Bank Officers Federation here.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">He added that banks in the country faced the toughest challenge in recent past as global meltdown of 2008 impacted the industry with a lag effect after 2008-09 and 2009-10 passed off without any hitch.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The growth rate which used to be 9 per cent earlier came down to 5.6 per cent in 2011-12 and looks headed for 5.3 per cent this year.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Since the recovery of Indian economy was likely to take at least two years, Mr. Prabhakar warned that the growth rate of banks would be stunted during the period.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">It was in this context that the public sector banks were looking to the Central government for capital infusion. The government had also responded positively.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Human resources</div><div style="text-align: justify"><br /></div><div style="text-align: justify">On the human resource front, he said all banks faced the threat of vacuum in senior and middle level management in the next few years due to retirement of officers. The banks were clueless though they went ahead with quicker promotions and huge recruitment.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">In chaos, the banks resorted to &lsquo;jugaad&rsquo; management which was grassroots innovation to overcome any constraint.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Andhra Bank executive director S. K. Kalra said human resource build up was the biggest challenge of banking industry due to impending retirement of a huge staff.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">N.V. Satyanarayana and V. Raghavendra Sarma, president and general secretary respectively of Andhra Bank Officers Federation also spoke on the occasion.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">'Scheme has potential to bring about a second revolution in the sector after nationalisation'</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Banks in the country faced toughest challenge owing to global meltdown: Andhra Bank CMD</div>               </font>
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&lt;em&gt;Hyderabad:&lt;/em&gt; Andhra Bank Chairman and Managing Director B. A. Prabhakar on Sunday said the cash transfer scheme of the Central government was a game changer for banks as it would help bring a large number of retail customers into the banking fold.
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The growth rate which used to be 9 per cent earlier came down to 5.6 per cent in 2011-12 and looks headed for 5.3 per cent this year.
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Banks in the country faced toughest challenge owing to global meltdown: Andhra Bank CMD
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It will bring many customers into banking fold: Andhra Bank CMD





Hyderabad: Andhra Bank Chairman and Managing Director B. A. Prabhakar on Sunday said the cash transfer scheme of the Central government was a game changer for banks as it...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;-The Hindu&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;It will bring many customers into banking fold: Andhra Bank CMD&lt;/em&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;Hyderabad:&lt;/em&gt; Andhra Bank Chairman and Managing Director B. A. Prabhakar on Sunday said the cash transfer scheme of the Central government was a game changer for banks as it would help bring a large number of retail customers into the banking fold.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The scheme had the potential to bring about a second revolution in the industry after nationalisation of banks in 1969 since 100 per cent financial inclusion was mandated through bank accounts, Mr. Prabhakar told the tenth all-India conference of Andhra Bank Officers Federation here.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;He added that banks in the country faced the toughest challenge in recent past as global meltdown of 2008 impacted the industry with a lag effect after 2008-09 and 2009-10 passed off without any hitch.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The growth rate which used to be 9 per cent earlier came down to 5.6 per cent in 2011-12 and looks headed for 5.3 per cent this year.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Since the recovery of Indian economy was likely to take at least two years, Mr. Prabhakar warned that the growth rate of banks would be stunted during the period.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;It was in this context that the public sector banks were looking to the Central government for capital infusion. The government had also responded positively.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Human resources&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;On the human resource front, he said all banks faced the threat of vacuum in senior and middle level management in the next few years due to retirement of officers. The banks were clueless though they went ahead with quicker promotions and huge recruitment.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;In chaos, the banks resorted to &amp;lsquo;jugaad&amp;rsquo; management which was grassroots innovation to overcome any constraint.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Andhra Bank executive director S. K. Kalra said human resource build up was the biggest challenge of banking industry due to impending retirement of a huge staff.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;N.V. Satyanarayana and V. Raghavendra Sarma, president and general secretary respectively of Andhra Bank Officers Federation also spoke on the occasion.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&#039;Scheme has potential to bring about a second revolution in the sector after nationalisation&#039;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Banks in the country faced toughest challenge owing to global meltdown: Andhra Bank CMD&lt;/div&gt;&#039;,
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-The Hindu
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&lt;em&gt;It will bring many customers into banking fold: Andhra Bank CMD&lt;/em&gt;
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&lt;em&gt;Hyderabad:&lt;/em&gt; Andhra Bank Chairman and Managing Director B. A. Prabhakar on Sunday said the cash transfer scheme of the Central government was a game changer for banks as it would help bring a large number of retail customers into the banking fold.
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The scheme had the potential to bring about a second revolution in the industry after nationalisation of banks in 1969 since 100 per cent financial inclusion was mandated through bank accounts, Mr. Prabhakar told the tenth all-India conference of Andhra Bank Officers Federation here.
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He added that banks in the country faced the toughest challenge in recent past as global meltdown of 2008 impacted the industry with a lag effect after 2008-09 and 2009-10 passed off without any hitch.
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The growth rate which used to be 9 per cent earlier came down to 5.6 per cent in 2011-12 and looks headed for 5.3 per cent this year.
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Since the recovery of Indian economy was likely to take at least two years, Mr. Prabhakar warned that the growth rate of banks would be stunted during the period.
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It was in this context that the public sector banks were looking to the Central government for capital infusion. The government had also responded positively.
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Human resources
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On the human resource front, he said all banks faced the threat of vacuum in senior and middle level management in the next few years due to retirement of officers. The banks were clueless though they went ahead with quicker promotions and huge recruitment.
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In chaos, the banks resorted to &amp;lsquo;jugaad&amp;rsquo; management which was grassroots innovation to overcome any constraint.
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Andhra Bank executive director S. K. Kalra said human resource build up was the biggest challenge of banking industry due to impending retirement of a huge staff.
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N.V. Satyanarayana and V. Raghavendra Sarma, president and general secretary respectively of Andhra Bank Officers Federation also spoke on the occasion.
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&#039;Scheme has potential to bring about a second revolution in the sector after nationalisation&#039;
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Banks in the country faced toughest challenge owing to global meltdown: Andhra Bank CMD
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-The Hindu





It will bring many customers into banking fold: Andhra Bank CMD





Hyderabad: Andhra Bank Chairman and Managing Director B. A. Prabhakar on Sunday said the cash transfer scheme of the Central government was a game changer for banks as it...&#039;
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-The Hindu





It will bring many customers into banking fold: Andhra Bank CMD





Hyderabad: Andhra Bank Chairman and Managing Director B. A. Prabhakar on Sunday said the cash transfer scheme of the Central government was a game changer for banks as it..."/>
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                <strong>‘Cash transfer scheme a game changer for banks’</strong></h1>
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                <div style="text-align: justify">-The Hindu</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>It will bring many customers into banking fold: Andhra Bank CMD</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>Hyderabad:</em> Andhra Bank Chairman and Managing Director B. A. Prabhakar on Sunday said the cash transfer scheme of the Central government was a game changer for banks as it would help bring a large number of retail customers into the banking fold.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The scheme had the potential to bring about a second revolution in the industry after nationalisation of banks in 1969 since 100 per cent financial inclusion was mandated through bank accounts, Mr. Prabhakar told the tenth all-India conference of Andhra Bank Officers Federation here.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">He added that banks in the country faced the toughest challenge in recent past as global meltdown of 2008 impacted the industry with a lag effect after 2008-09 and 2009-10 passed off without any hitch.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The growth rate which used to be 9 per cent earlier came down to 5.6 per cent in 2011-12 and looks headed for 5.3 per cent this year.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Since the recovery of Indian economy was likely to take at least two years, Mr. Prabhakar warned that the growth rate of banks would be stunted during the period.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">It was in this context that the public sector banks were looking to the Central government for capital infusion. The government had also responded positively.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Human resources</div><div style="text-align: justify"><br /></div><div style="text-align: justify">On the human resource front, he said all banks faced the threat of vacuum in senior and middle level management in the next few years due to retirement of officers. The banks were clueless though they went ahead with quicker promotions and huge recruitment.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">In chaos, the banks resorted to &lsquo;jugaad&rsquo; management which was grassroots innovation to overcome any constraint.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Andhra Bank executive director S. K. Kalra said human resource build up was the biggest challenge of banking industry due to impending retirement of a huge staff.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">N.V. Satyanarayana and V. Raghavendra Sarma, president and general secretary respectively of Andhra Bank Officers Federation also spoke on the occasion.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">'Scheme has potential to bring about a second revolution in the sector after nationalisation'</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Banks in the country faced toughest challenge owing to global meltdown: Andhra Bank CMD</div>               </font>
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    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr680e2fdba160a-trace').style.display = (document.getElementById('cakeErr680e2fdba160a-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr680e2fdba160a-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr680e2fdba160a-code').style.display = (document.getElementById('cakeErr680e2fdba160a-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr680e2fdba160a-context').style.display = (document.getElementById('cakeErr680e2fdba160a-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr680e2fdba160a-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
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-The Hindu
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&lt;em&gt;It will bring many customers into banking fold: Andhra Bank CMD&lt;/em&gt;
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&lt;em&gt;Hyderabad:&lt;/em&gt; Andhra Bank Chairman and Managing Director B. A. Prabhakar on Sunday said the cash transfer scheme of the Central government was a game changer for banks as it would help bring a large number of retail customers into the banking fold.
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The scheme had the potential to bring about a second revolution in the industry after nationalisation of banks in 1969 since 100 per cent financial inclusion was mandated through bank accounts, Mr. Prabhakar told the tenth all-India conference of Andhra Bank Officers Federation here.
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He added that banks in the country faced the toughest challenge in recent past as global meltdown of 2008 impacted the industry with a lag effect after 2008-09 and 2009-10 passed off without any hitch.
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The growth rate which used to be 9 per cent earlier came down to 5.6 per cent in 2011-12 and looks headed for 5.3 per cent this year.
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Since the recovery of Indian economy was likely to take at least two years, Mr. Prabhakar warned that the growth rate of banks would be stunted during the period.
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It was in this context that the public sector banks were looking to the Central government for capital infusion. The government had also responded positively.
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Human resources
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On the human resource front, he said all banks faced the threat of vacuum in senior and middle level management in the next few years due to retirement of officers. The banks were clueless though they went ahead with quicker promotions and huge recruitment.
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In chaos, the banks resorted to &amp;lsquo;jugaad&amp;rsquo; management which was grassroots innovation to overcome any constraint.
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Andhra Bank executive director S. K. Kalra said human resource build up was the biggest challenge of banking industry due to impending retirement of a huge staff.
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N.V. Satyanarayana and V. Raghavendra Sarma, president and general secretary respectively of Andhra Bank Officers Federation also spoke on the occasion.
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&#039;Scheme has potential to bring about a second revolution in the sector after nationalisation&#039;
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Banks in the country faced toughest challenge owing to global meltdown: Andhra Bank CMD
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It will bring many customers into banking fold: Andhra Bank CMD





Hyderabad: Andhra Bank Chairman and Managing Director B. A. Prabhakar on Sunday said the cash transfer scheme of the Central government was a game changer for banks as it...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;-The Hindu&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;It will bring many customers into banking fold: Andhra Bank CMD&lt;/em&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;Hyderabad:&lt;/em&gt; Andhra Bank Chairman and Managing Director B. A. Prabhakar on Sunday said the cash transfer scheme of the Central government was a game changer for banks as it would help bring a large number of retail customers into the banking fold.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The scheme had the potential to bring about a second revolution in the industry after nationalisation of banks in 1969 since 100 per cent financial inclusion was mandated through bank accounts, Mr. Prabhakar told the tenth all-India conference of Andhra Bank Officers Federation here.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;He added that banks in the country faced the toughest challenge in recent past as global meltdown of 2008 impacted the industry with a lag effect after 2008-09 and 2009-10 passed off without any hitch.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The growth rate which used to be 9 per cent earlier came down to 5.6 per cent in 2011-12 and looks headed for 5.3 per cent this year.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Since the recovery of Indian economy was likely to take at least two years, Mr. Prabhakar warned that the growth rate of banks would be stunted during the period.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;It was in this context that the public sector banks were looking to the Central government for capital infusion. The government had also responded positively.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Human resources&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;On the human resource front, he said all banks faced the threat of vacuum in senior and middle level management in the next few years due to retirement of officers. The banks were clueless though they went ahead with quicker promotions and huge recruitment.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;In chaos, the banks resorted to &amp;lsquo;jugaad&amp;rsquo; management which was grassroots innovation to overcome any constraint.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Andhra Bank executive director S. K. Kalra said human resource build up was the biggest challenge of banking industry due to impending retirement of a huge staff.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;N.V. Satyanarayana and V. Raghavendra Sarma, president and general secretary respectively of Andhra Bank Officers Federation also spoke on the occasion.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&#039;Scheme has potential to bring about a second revolution in the sector after nationalisation&#039;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Banks in the country faced toughest challenge owing to global meltdown: Andhra Bank CMD&lt;/div&gt;&#039;,
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-The Hindu
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&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;em&gt;It will bring many customers into banking fold: Andhra Bank CMD&lt;/em&gt;
&lt;/div&gt;
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&lt;br /&gt;
&lt;/div&gt;
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&lt;em&gt;Hyderabad:&lt;/em&gt; Andhra Bank Chairman and Managing Director B. A. Prabhakar on Sunday said the cash transfer scheme of the Central government was a game changer for banks as it would help bring a large number of retail customers into the banking fold.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The scheme had the potential to bring about a second revolution in the industry after nationalisation of banks in 1969 since 100 per cent financial inclusion was mandated through bank accounts, Mr. Prabhakar told the tenth all-India conference of Andhra Bank Officers Federation here.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
He added that banks in the country faced the toughest challenge in recent past as global meltdown of 2008 impacted the industry with a lag effect after 2008-09 and 2009-10 passed off without any hitch.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The growth rate which used to be 9 per cent earlier came down to 5.6 per cent in 2011-12 and looks headed for 5.3 per cent this year.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Since the recovery of Indian economy was likely to take at least two years, Mr. Prabhakar warned that the growth rate of banks would be stunted during the period.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
It was in this context that the public sector banks were looking to the Central government for capital infusion. The government had also responded positively.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Human resources
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
On the human resource front, he said all banks faced the threat of vacuum in senior and middle level management in the next few years due to retirement of officers. The banks were clueless though they went ahead with quicker promotions and huge recruitment.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
In chaos, the banks resorted to &amp;lsquo;jugaad&amp;rsquo; management which was grassroots innovation to overcome any constraint.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Andhra Bank executive director S. K. Kalra said human resource build up was the biggest challenge of banking industry due to impending retirement of a huge staff.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
N.V. Satyanarayana and V. Raghavendra Sarma, president and general secretary respectively of Andhra Bank Officers Federation also spoke on the occasion.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&#039;Scheme has potential to bring about a second revolution in the sector after nationalisation&#039;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Banks in the country faced toughest challenge owing to global meltdown: Andhra Bank CMD
&lt;/div&gt;&#039;,
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-The Hindu





It will bring many customers into banking fold: Andhra Bank CMD





Hyderabad: Andhra Bank Chairman and Managing Director B. A. Prabhakar on Sunday said the cash transfer scheme of the Central government was a game changer for banks as it...&#039;
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-The Hindu





It will bring many customers into banking fold: Andhra Bank CMD





Hyderabad: Andhra Bank Chairman and Managing Director B. A. Prabhakar on Sunday said the cash transfer scheme of the Central government was a game changer for banks as it..."/>
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                <strong>‘Cash transfer scheme a game changer for banks’</strong></h1>
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                <div style="text-align: justify">-The Hindu</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>It will bring many customers into banking fold: Andhra Bank CMD</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>Hyderabad:</em> Andhra Bank Chairman and Managing Director B. A. Prabhakar on Sunday said the cash transfer scheme of the Central government was a game changer for banks as it would help bring a large number of retail customers into the banking fold.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The scheme had the potential to bring about a second revolution in the industry after nationalisation of banks in 1969 since 100 per cent financial inclusion was mandated through bank accounts, Mr. Prabhakar told the tenth all-India conference of Andhra Bank Officers Federation here.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">He added that banks in the country faced the toughest challenge in recent past as global meltdown of 2008 impacted the industry with a lag effect after 2008-09 and 2009-10 passed off without any hitch.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The growth rate which used to be 9 per cent earlier came down to 5.6 per cent in 2011-12 and looks headed for 5.3 per cent this year.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Since the recovery of Indian economy was likely to take at least two years, Mr. Prabhakar warned that the growth rate of banks would be stunted during the period.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">It was in this context that the public sector banks were looking to the Central government for capital infusion. The government had also responded positively.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Human resources</div><div style="text-align: justify"><br /></div><div style="text-align: justify">On the human resource front, he said all banks faced the threat of vacuum in senior and middle level management in the next few years due to retirement of officers. The banks were clueless though they went ahead with quicker promotions and huge recruitment.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">In chaos, the banks resorted to &lsquo;jugaad&rsquo; management which was grassroots innovation to overcome any constraint.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Andhra Bank executive director S. K. Kalra said human resource build up was the biggest challenge of banking industry due to impending retirement of a huge staff.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">N.V. Satyanarayana and V. Raghavendra Sarma, president and general secretary respectively of Andhra Bank Officers Federation also spoke on the occasion.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">'Scheme has potential to bring about a second revolution in the sector after nationalisation'</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Banks in the country faced toughest challenge owing to global meltdown: Andhra Bank CMD</div>               </font>
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-The Hindu
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-The Hindu





It will bring many customers into banking fold: Andhra Bank CMD





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$metaTitle = 'LATEST NEWS UPDATES | ‘Cash transfer scheme a game changer for banks’'
$metaKeywords = 'cash transfers,cash transfer,Financial Inclusion'
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-The Hindu





It will bring many customers into banking fold: Andhra Bank CMD





Hyderabad: Andhra Bank Chairman and Managing Director B. A. Prabhakar on Sunday said the cash transfer scheme of the Central government was a game changer for banks as it...'
$disp = '<div style="text-align: justify">-The Hindu</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>It will bring many customers into banking fold: Andhra Bank CMD</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>Hyderabad:</em> Andhra Bank Chairman and Managing Director B. A. Prabhakar on Sunday said the cash transfer scheme of the Central government was a game changer for banks as it would help bring a large number of retail customers into the banking fold.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The scheme had the potential to bring about a second revolution in the industry after nationalisation of banks in 1969 since 100 per cent financial inclusion was mandated through bank accounts, Mr. Prabhakar told the tenth all-India conference of Andhra Bank Officers Federation here.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">He added that banks in the country faced the toughest challenge in recent past as global meltdown of 2008 impacted the industry with a lag effect after 2008-09 and 2009-10 passed off without any hitch.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The growth rate which used to be 9 per cent earlier came down to 5.6 per cent in 2011-12 and looks headed for 5.3 per cent this year.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Since the recovery of Indian economy was likely to take at least two years, Mr. Prabhakar warned that the growth rate of banks would be stunted during the period.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">It was in this context that the public sector banks were looking to the Central government for capital infusion. The government had also responded positively.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Human resources</div><div style="text-align: justify"><br /></div><div style="text-align: justify">On the human resource front, he said all banks faced the threat of vacuum in senior and middle level management in the next few years due to retirement of officers. The banks were clueless though they went ahead with quicker promotions and huge recruitment.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">In chaos, the banks resorted to &lsquo;jugaad&rsquo; management which was grassroots innovation to overcome any constraint.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Andhra Bank executive director S. K. Kalra said human resource build up was the biggest challenge of banking industry due to impending retirement of a huge staff.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">N.V. Satyanarayana and V. Raghavendra Sarma, president and general secretary respectively of Andhra Bank Officers Federation also spoke on the occasion.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">'Scheme has potential to bring about a second revolution in the sector after nationalisation'</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Banks in the country faced toughest challenge owing to global meltdown: Andhra Bank CMD</div>'
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‘Cash transfer scheme a game changer for banks’

-The Hindu It will bring many customers into banking fold: Andhra Bank CMD Hyderabad: Andhra Bank Chairman and Managing Director B. A. Prabhakar on Sunday said the cash transfer scheme of the Central government was a game changer for banks as it would help bring a large number of retail customers into the banking fold. The scheme had the potential to bring about a second revolution in the industry after nationalisation of banks in 1969 since 100 per cent financial inclusion was mandated through bank accounts, Mr. Prabhakar told the tenth all-India conference of Andhra Bank Officers Federation here. He added that banks in the country faced the toughest challenge in recent past as global meltdown of 2008 impacted the industry with a lag effect after 2008-09 and 2009-10 passed off without any hitch. The growth rate which used to be 9 per cent earlier came down to 5.6 per cent in 2011-12 and looks headed for 5.3 per cent this year. Since the recovery of Indian economy was likely to take at least two years, Mr. Prabhakar warned that the growth rate of banks would be stunted during the period. It was in this context that the public sector banks were looking to the Central government for capital infusion. The government had also responded positively. Human resources On the human resource front, he said all banks faced the threat of vacuum in senior and middle level management in the next few years due to retirement of officers. The banks were clueless though they went ahead with quicker promotions and huge recruitment. In chaos, the banks resorted to ‘jugaad’ management which was grassroots innovation to overcome any constraint. Andhra Bank executive director S. K. Kalra said human resource build up was the biggest challenge of banking industry due to impending retirement of a huge staff. N.V. Satyanarayana and V. Raghavendra Sarma, president and general secretary respectively of Andhra Bank Officers Federation also spoke on the occasion. 'Scheme has potential to bring about a second revolution in the sector after nationalisation' Banks in the country faced toughest challenge owing to global meltdown: Andhra Bank CMD