Banking

                                   Petrodollar- Some Thoughts Fifty years old US - Saudi Petrodollar deal has come to an end. The fifty year old deal, from the perspective of 1970’s, was having far reaching influence on global dynamics of both, the supply and pricing of energy. At that point of time US was having more than 30% of global GDP and Saudi Arabia having more than 30% oil supply in its control. Furthermore ending of dollar gold parity in 1971-72, created a trust issue globally.  The situation has now significantly changed in last five decades: I- USSR has disintegrated and China has become the second largest economy. This has significantly changed the global political dynamics. II- Developing countries are emerging as economic hot spots in global scenario. III- US share in global GDP and Saudi Arabia share in oil have come below 20%, significantly less than 1970’s. IV- The prominent ...

  Banker by Chance, Leader by Choice Writer- Shiv B Singh Book Reviewer - Shri Hari Misra I am happy to share the review of my book "Banker by Chance, Leader by Choice", which has been published in magazine "The Indian Banker" published by Indian Banks' Association, Mumbai. The book is a good guide to Middle and Senior level managerial functionaries, who are on their career progression. The book simultaneously offers good learning exposure to new entrants in the banking industry.