Abhijit Lele &Amp; Sohini Das

Stories by Abhijit Lele &Amp; Sohini Das

Why Modi's dream of starting bullet train by 2022 may be derailed

Why Modi's dream of starting bullet train by 2022 may be derailed

Rediff.com   21 May 2018

While farmers in Gujarat are rejecting the compensation package, farmers in Maharashtra say they do not wish to part with their land for a project that largely benefits Gujarat.

How ArcelorMittal became an eligible bidder for Essar Steel

How ArcelorMittal became an eligible bidder for Essar Steel

Rediff.com   16 May 2018

Sources close to the development said a significant amount of around Rs 7,000 crore had been put into the SBI account with a proposal on escrow of the deposited funds.

11 more PSBs may face the same fate as Dena Bank

11 more PSBs may face the same fate as Dena Bank

Rediff.com   14 May 2018

RBI may be inclined to impose severe restrictions on lending in the coming quarters.

Takeover battle over, Munjal-Burman team bags Fortis

Takeover battle over, Munjal-Burman team bags Fortis

Rediff.com   11 May 2018

Their offer values Fortis at over Rs 9,000 crore, or around Rs 172 per share.

RBI unlikely to heed banks' plea to amend NPA norms

RBI unlikely to heed banks' plea to amend NPA norms

Rediff.com   14 Apr 2018

RBI deputy governor N S Vishwanathan has said the new framework was in line with the Insolvency and Bankruptcy Code guidelines.

Allegations against ICICI bank may dent investor confidence

Allegations against ICICI bank may dent investor confidence

Rediff.com   11 Apr 2018

ICICI's board has denied any wrongdoing, highlighting that the loan was underwritten in accordance with the bank's credit standards and was extended as part of a consortium involving over 20 banks.

Canara Bank to shut three overseas branches

Canara Bank to shut three overseas branches

Rediff.com   9 Apr 2018

And will sell its 50 per cent stake to State Bank of India in Russia as part of rationalisation of overseas branch network.

RBI wants customers' financial data stored in India

RBI wants customers' financial data stored in India

Rediff.com   7 Apr 2018

Experts say the new guideline is likely to hurt foreign players more, especially card companies such as Visa, MasterCard and American Express who process and store credit card transaction data outside of India.

ICICI Bank board says it has full faith in Chanda Kochhar

ICICI Bank board says it has full faith in Chanda Kochhar

Rediff.com   29 Mar 2018

IBoard defends MD on nepotism charges, quashes allegations; it also reviewed its internal processes and exposure to the Videocon group

PNB fraud hits banks' loan disbursal to India Inc

PNB fraud hits banks' loan disbursal to India Inc

Rediff.com   14 Mar 2018

With the management of most State-owned banks hardly having time to concentrate on big-ticket business, growing the business of loan disbursals has been pushed down the priority order.

Prices of key diabetes, cancer drugs may drop by 25%

Prices of key diabetes, cancer drugs may drop by 25%

Rediff.com   8 Mar 2018

A recent report has suggested that future patent expires in the cardiac and anti-diabetes space would form a good opportunity for smaller firms, given their franchise in these segments.

How life will change for the employees of IDBI Bank

How life will change for the employees of IDBI Bank

Rediff.com   2 Mar 2018

The government has asked the Indian Banks' Association to make sure that IDBI Bank's wages are on a par with other banks.

RBI tells PNB to pay up LoU dues to other banks

RBI tells PNB to pay up LoU dues to other banks

Rediff.com   16 Feb 2018

RBI seeks detailed report on what happened between 2011 and now; bankers to recall loans to Nirav Modi entities.

Banks' NPAs may surge after RBI's new rules

Banks' NPAs may surge after RBI's new rules

Rediff.com   14 Feb 2018

The amount of loans that carry a high risk of slippage into the NPA category over the next few quarters is about Rs 2.8 trillion.

SBI posts Rs 24 bn loss in Q3 over NPA provision, 1st in 19 years

SBI posts Rs 24 bn loss in Q3 over NPA provision, 1st in 19 years

Rediff.com   10 Feb 2018

Loss takes analysts by surprise, as they were expecting the bank to post a net profit of Rs 19 billion.

Scooter sales get a major boost from rural India

Scooter sales get a major boost from rural India

Rediff.com   23 Jan 2018

In first 9 months of FY18, scooter sales grew by 18.5%, the number may jump further as more women join workforce

Govt mulls 100% foreign investment in private banks

Govt mulls 100% foreign investment in private banks

Rediff.com   18 Jan 2018

It is also considering to hike FDI cap for public sector from 20 per cent to 49 per cent

In a first, a robot will perform angioplasty in Ahmedabad hospital

In a first, a robot will perform angioplasty in Ahmedabad hospital

Rediff.com   5 Jan 2018

The procedure, however, would cost around Rs 75,000-100,000 more than conventional angioplasty.

Battle hots up between Triumph Motorcycles and Royal Enfield

Battle hots up between Triumph Motorcycles and Royal Enfield

Rediff.com   1 Jan 2018

Triumph's portfolio includes high-powered bikes such as the Daytona 200, Rocket III, SuperSports Daytona 675R and Tiger 800, apart from its iconic Bonneville family.

Jignesh Mevani is busy fighting the good fight

Jignesh Mevani is busy fighting the good fight

Rediff.com   1 Jan 2018

'I fight for anyone who is poor, marginalised or victimised.' 'If a Dalit factory owner is inflicting atrocities on his Brahmin worker, then I will fight for the poor Brahmin.'