Mr.K.Raghu,President,ICAI addressing Media.

Institute of Chartered Accountants
of India (ICAI) to hold International
Conference on "Accountancy
Profession:Building Global
competetiveness; Accelerating
Growth" from January,29th to
31 st January,2015 at Bangalore
Palace,Bengaluru.

The conference is aimed at bringing the  National & International  perspective
together on issues of contemporary
relevance to accountancy profession.

The conference will be inaugurated by
Mr.Suresh Prabhu, Minister of
Railways,Govt.of India.
The other speakers are Ms.Olivia Kirtley,President,International Federation
of Accountants,New York,Mr.Cormac Fitzgerald,President CPA,Ireland,
Mr.Yakoob Suttar,President ICA,Pakistan,Mr.Arjuna Herath,President,CA
Sri Lanka,Ms.Chitra Ramakrishna,MD & CEO,National Stock exchange,
Mr.Lee White,CEO,ICA,Australia & Mr.K.Rahman Khan & Dr.Kirit
Somaiya,MP's.

R.K.LAXMAN-WE MISS YOU.

Eminenet Cartoonist & Humourist R.K.Laxman,
the creator of "Common Man" passed away in
Pune yesterday. He was aged 94 years.

Mr.R.K.Laxman was the younger brother of 
Mr.R.K.Narayan,famous writer who wrote books
viz.Malgudi Days,The Guide which was later filmed 
also,Financial Expert,and many more.

Since 1951,The Common Man represented the 
hopes,aspirations, day to day problems,faced by
him in the system we live.He said about the 
Common Man,He may be silent but he listens.

He is survived by his wife Ms.Kamala and son
Mr.Srinivas,who is a journalist.

I had an occassion to meet him in his office at Times of India in late 80's
in connection with a book he brought out for the bank.The book was
titled "Little Things Count" which clearly illustrates what the customer
of the bank expects and how to treat a customer etc. It was a very
pleasant meeting and I still cherish the meeting.

VIJAYA BANK ORGANISES SELF HELP GROUP & AGRICULTURAL CREDIT

 CAMP AT TEKAL BRANCH  IN KOLAR DISTRICT.

The camp was inaugurated by Mr.B.S.Rama Rao,Executive Director of the bank.The bank sanctioned loans amounting to 
more than Rs. 5 crores to SHG's and agricultural loans to 100 groups.The bank has also adopted 7 girl children from 
the weaker section from the government schools in the district and meet their education  expenses upto graduation.

                     


    India's largest biennial exhibition IMTEX 2015
& TOOLTECH 2015 organised by IMTMA was 
inaugurated on 22nd January,2015 at the Bangalore 
International Exhibition Cente (BIEC) in Bengaluru.

Mr.G.M.Siddeshwara,Minister of state for Heavy  Industries &
Public Enterprises,Government of India & Mr.R.V. Deshpande,
Minister for Higher Education & Tourism,Govt.Of Karnataka
Inaugurating the Exhibition.

The seven day exhibition will be held between 22nd January,2015 till 28th January,2015.IMTEX 2-15 is showcasing an exhaustive range 
of innovations and technological refinements in the complete product segment of 
metal cutting in machine tool industry and TOOLTECH 2015 features the newest
trends in cutting tools and tooling systems from all across globe.
Talking about the latest developments in the industry,Mr.Jamshyd N Godrej,
Chairman Exhibitions,IMTMA, said," IMTEX has always been a pioneer
when it comes to showcasing the latest technologies and solutions from the global manufacturing industry.The exhibition has made several strides and is now a
well recognised international platform for the manufacturing industry ".

The exhibition features over 900 exhibitors  from 24 countries.

Mr.Sharad Sharma,Mg.Director,Mr.Keshav Kumar CGM (Right)
& Mr.Sajeev Krishnan CGM (Left) addressing media.

STATE BANK OF MYSORE
Q 3 RESULTS. FY-15.

*Net profit up by 63% during 9 months FY 15 (Y-O-Y).

*Operating Profit up by 15.7%.
* Net Interest Income registered
a growth of 9% y-o-y.

*Gross NPA reduced to 5.1%.

* Net NPA reduced to 3.11%.

* E.P.S  : Rs.20/- .

CASA to aggregate deposit
 Ratio           : 33.24%.

Total branches  :1002..Of which
80% branches located in Karnataka.
Total ATM's : 1255.   Agricultural Advances increased by 20%.
Retail advances (personal segment) increased by 20%.Housing loan constitutes51%
of total retail advances.

Deposits:Retail  Deposits registered an increase of 18% y-o-y,while bulk deposits
share has come down from 21% to 12% y-o-y.
The Credit Deposit Ratio  is at 81%.

Corporate Social Responsibility: The bank has taken several initiatives in this
direction like donating 1.57 crores to Kidwai Memorial Hospital,Rs.1 crore to
KSOU,Mysore for construction of Library building. The bank has been awarded
"THE BEST BANK-CSR & GREEN INITIATIVES".

                           VIJAYA BANK  REDUCES TERM DEPOSIT INTEREST RATES.

                           Vijaya Bank announces reduction in Term Deposit interest rates  for
                           different maturity periods.The reduction is ranging from 0.10% to
                           0.25%  with effect from 23.01.2015.

The Flight operations at the Kempegowda
International Airport will be suspended
during air display hours during the 
Aero India 2015 at the Air Force station,
Yelahanka,Bengaluru.

               

                             CORPORATE CULTURE  & SPIRITUALITY.


            The Art Of Living International Centre in Bengaluru and the World Forum
            for Ethics in Business are organising  a Conference on "CORPORATE 
           CULTURE & SPIRITUALITY  in Bengaluru on 31st January .
           and 1st February,2015 at The Art Of Living International Centre in 
           Bengaluru.  

           This is an annual event where leaders from the fields of business,governance
           academia, & civil society come together to engage in dialogue and network
           to explore ethical ways of doing business and maximising profit.The 
           conference provides a platform to discuss how,a business objective can be 
           met keeping the larger social good in mind.This conference is is the eleventh 
           edition in the series.The conference will be inaugurated by 
           by Sri Sri Ravi Shankar.       
                                                                            

           RBI CUTS LENDING RATES BY 0.25% WITH IMMEDIATE EFFECT.

           The Reserve Bank of India cuts Rep rate by 25bps to 7.75%.

           RBI Governor says that inflation  likely to be below 6% by January 2016.
           

A.S.KIRAN KUMAR TAKES OVER AS SECRETARY,DEPARTMENT OF SPACE,CHAIRMAN SPACE COMMISSION AND CHAIRMAN ISRO.

Mr.Kiran Kumar is a highly accomplished space scientist
and an Engineer with a distinguished career spanning over FOUR decades in ISRO in the Satellite Payload and applications domains.

MOTHERHOOD ANNOUNCES
9 DIVINE INITIATIVE.

LAUNCH OF ITS 5TH SPECIALITY BIRTHING CENTRE IN SOUTH INDIA.

Expectant mothers and young children living in and around Sahakar Nagar-Hebbal can have 
the facility of Motherhood,the state-
of-the art speciality birthing centre.This facility was inaugurated by the renowned Malayalam actor Pamashri Mammotty and actor Dulquer Salman in the presence of Dr.Mohammed Rehan Sayeed,Chairman,Motherhood & Mr.Davison,CEO of Motherhood.

Addressing the media,Dr.Mohammed Rehan Sayeed,Chairman & Founder of 
Motherhood  said,"Motherhood is all about setting the standards in healthcare
industry.Much effort has gone into building the Motherhood chain across the
three cities,Bangalore,Hyderabad & Chennai,in order to provide the best care
in gynaecology,obstetrics & Paediatrics".

The 9 Divine initiative bridges the gap between the traditional values and
Modernisation & Technology and gives comfort to the expectant mothers
to a great extent.

EDITORIAL

         SACHIN GOT BHARAT RATNA,BUT DHYAN CHAND DESERVED IT FIRST.
         
        We agree with Mr.Milkha Singh,the pride of India that "Sachin got Bharat Ratna
        but Dhyan Chand deserved it first". Dhyan Chand the wizard of Indian Hockey 
        deserved it most. Afterall, the cricket is not a Olympic game and played by 
        about 10 countries only of which Bangladesh  is a new entrant.Further, there is 
        no qualification/elimination rounds like in  football & Hockey for the world cup.
       
       When the Sports Ministry had recommended Dhyan Chand's name for 
       Bharat Ratna, the country wants to know who turned down the recommendation.
       Further,we understand that more than 100 MP's have recommended Bharat Ratna  
       to Dhyan Chand .There seemed to be a hurry in giving Bharat Ratna to Sachin.

       This is not to undermine the performance of Sachin Tendulkar who is undoubtedly
       a great cricketer,but Dhyan Chand is senior , a doyen in Indian Hockey who 
       should have been the first to get Bharat Ratna amongst the sports persons.

      
      

                            

                            THE ALL INDIA BANK STRIKE ON 7TH JANUARY 
                            DEFERRED.  

                            We understand that the talks may be held tomorrow also.
                             Let us all hope that something positive emerge out of talks 
                             and the banking industry and the customers can have a sigh 
                             of relief if the matter is settled at the earliest. The banking
                             is the life line of the country and for all the economic
                             activities. Hence, sooner the matter is resolved it is better
                             for the country.

The 9th International Global Communication Association (GCA) is all st to begin on
8th of January,2015.The Two day international conference is expected to throw up
communication challenges prevailing across various professions,industries and 
disciplines and trigger discussions and focus on 'Breaking Barriers".

                                     GYAN SANGAMAM-TWO DAYS  BANKING RETREAT.

             All heads of public sector banks along with their Exectutive Directors will 
             be attending the Two day Gyan Sangamam (confluence of knowledge) at 
             Pune starting from today.Experts including the Consulting firm Mckinsey
             will aid the bankers in formulating the strategies for the banking reforms
             to follow. 

             The six selected issues are:
              1. Achieving Universal Inclusion.2.Leveraging technology & Digital to
              improve cost efficiency.3.Fostering profitable priority sector lending.
              4.Effective risk profiling & recovery mechanism.5.Building a robust
              people motivation strategy for public sector banks.6.Consolidation
              & restructuring of public sector banks for better efficiency,governance
              and capital efficiency.

              This Banker's Retreat is happening at a time when the NPA's are
               increasing in PSB's and the number of wilful defaulters are on the
              rise and there is pressure on profitability.

              The Banker's Retreat should also evolve a mechanism to see that 
               there is no " write offs" of loans before the elections and also the
               government should have an "arm's length" approach /control 
               over the banks.

               Lastly, as PM & the Finance Minister, the RBI Governor and all the
               Heads of banks will be present on the Two day event,it will be better
               if they discuss & settle the pending Wage revision issue early which is
               causing some unrest in the banking industry.The United Forum of Bank
               Unions have called for a nation wide strike on 7th January,followed by 
               few more strikes which may cause inconvenience to the customers.As the
               last wage revision has expired in 2012, an early settlement in the matter 
               is the need of the hour.

VIJAYA BANK HAS NEW
MANAGING DIRECTOR & CEO.

Mr.Kishore Kumar Sansi,has  
taken over charge as new
Managing Director & CEO
of Bangalore based Public Sector Bank Vijaya Bank on 01.01.2015.

Mr. Kishore Kumar Sansi has 35
years of banking experience  and he was the Executive Director of Punjab & Sind 
Bank,another Public Sector bank.