AFM479 Lecture Notes - Lecture 4: Know Your Customer, Homicide, Foreign Exchange Management Act
27 Dec 2019
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Document Summary
Jayakumar is the new ceo on oct. 13, 2015. Bob had no ceo for prior 14 months. Government: the government of india (owner of baroda) does not want to be known to have banks that are not following regulation or a incompetent to carry it out. Reputation: is all about corporate customers (hedge funds, sovereign wealth funds, etc). Issues at hand: leading the bank through oncoming bank investigations by the. Bob: a public sector bank established in 1908 and nationalized in 1970. Ownership: majority stake (57. 5%) held by the indian government. Mission is to be a top ranking national bank of international standards committed to augmenting stakeholders" values through concern, care, and competence. Values: heritage and ethical standards, which are credited for long -term survival. Profit: has failed to keep pace with asset and total income growth. Ratios: net interest margin, roa, net worth, and quality of assets have declined persistently.
