Aneesh Phadnis And Abhijit Lele

Stories by Aneesh Phadnis And Abhijit Lele

IATA to make airports' security check hassle-free

IATA to make airports' security check hassle-free

Rediff.com   8 Jun 2011

The existing system where all airline passengers, barring VVIPs, have to undergo rigorous frisking, the IATA model proposes different levels of screening for passengers based on the level of risk associated with each one of them.

New SBI chief is on a clean-up mission

New SBI chief is on a clean-up mission

Rediff.com   31 May 2011

Insiders say some issues that demand immediate attention include improving asset quality and conservation of capital.

Pune, Nagpur airport projects stuck

Pune, Nagpur airport projects stuck

Rediff.com   23 May 2011

While the Navi Mumbai airport project has been cleared for take off, two other big-ticket projects in Maharashtra - a cargo hub in Nagpur and an international airport at Rajgurunagar near Pune - are grounded because of delays in land acquisition.

Air India plans to raise Rs 5,500 crore

Air India plans to raise Rs 5,500 crore

Rediff.com   16 May 2011

Air India (AI) plans to raise Rs 5,500 crore (Rs 55 billion) by issuing bonds to a consortium led by the country's largest private sector lender, ICICI Bank, as part of its financial restructuring exercise.

Education loans: Good marks, no security

Education loans: Good marks, no security

Rediff.com   13 May 2011

Bankers' committee suggests banks lend to meritorious students without collateral.

SBI's rate increase signals shift in strategy

SBI's rate increase signals shift in strategy

Rediff.com   13 May 2011

Sharp increase is a major departure from those during former chairman O P Bhatt's regime.

Panels' squabbles cost AI dear

Panels' squabbles cost AI dear

Rediff.com   2 May 2011

The months of April and May are favourable for airlines, a good time to recover their losses.

Kingfisher pilots get pay raise

Kingfisher pilots get pay raise

Rediff.com   21 Apr 2011

Kingfisher Airlines has increased the salary of a section of its pilots, fearing an exodus to rival carriers. Airlines including SpiceJet and IndiGo are in an expansion mode and will be adding 29 planes this financial year, opening new job avenues for pilots.

Third of banks' MFI loans go into restructuring

Third of banks' MFI loans go into restructuring

Rediff.com   15 Apr 2011

Microfinance companies have been facing a crisis after a crackdown by the Andhra Pradesh government last year in response to allegations they were charging high rates and using coercive recovery practices.

AI Express will move unit to Kerala

AI Express will move unit to Kerala

Rediff.com   13 Apr 2011

Move will help AI Express reduce costs and increase fleet utilisation.

Bahrain unrest gets to Indian banks

Bahrain unrest gets to Indian banks

Rediff.com   8 Apr 2011

Bahrain has of late emerged as a regional hub for banking because of low tax rates and easy regulations. At present, 409 banks and financial institutions have operations there.

Union Bank to outsource work for 1,000 ATMs

Union Bank to outsource work for 1,000 ATMs

Rediff.com   15 Mar 2011

As of December 2010, the bank's total outlets, including branches, stood at 5,017. Its ATM network stood at 2,516 units.

MFIs need social MF

MFIs need social MF

Rediff.com   11 Feb 2011

You can't ask a current borrower to finance your growth, says RBI memeber Yezdi H Malegam.

SBI sets up call centres for NPA recovery

SBI sets up call centres for NPA recovery

Rediff.com   31 Jan 2011

With mounting pressure to set aside substantial amounts each quarter to improve provision cover for bad loans, State Bank of India is using every possible way to step up recoveries from non-performing assets.

Banks prefer 1-year CD to contain volatility

Banks prefer 1-year CD to contain volatility

Rediff.com   17 Jan 2011

Commercial banks now prefer one-year certificate of deposit (CDs) to short-term paper (of three- to six-month duration) to raise money, as volatility in the money market in the three months through December has made them focus on stability and improving their balance sheet.

Govt banks tread with caution after Citi scam

Govt banks tread with caution after Citi scam

Rediff.com   12 Jan 2011

Those with plans to enter the wealth management business want to first put in place robust processes.

Home loan: SBI to seek lower provisioning

Home loan: SBI to seek lower provisioning

Rediff.com   3 Jan 2011

Bank to argue with the Reserve Bank that new norms don't apply to floating rate schemes.

Banks ask RBI to define teaser loans

Banks ask RBI to define teaser loans

Rediff.com   29 Nov 2010

Stung by the public criticism of teaser rates, SBI Chairman O P Bhatt told RBI officials in a post-monetary policy meeting on Friday that only eligible persons are given these loans and the norms are not diluted while extending such loans.

Banks get aggressive for deposits

Banks get aggressive for deposits

Rediff.com   26 Nov 2010

Deposit rates have increased over 100 basis points (bps) in the last ten days, as banks are getting aggressive to mobilise resources to fund the growing demand for loans in the busy season. In the last ten days, at least five government banks have increased deposit rates and more are expected to follow suit.

RBI monitors use of overnight money

RBI monitors use of overnight money

Rediff.com   24 Nov 2010

Reserve Bank of India has stepped up checks on the use of funds borrowed from its liquidity window. The Central bank is keen to see that such funds are not diverted for lending purposes. Net borrowing by banks rose to a record Rs 1,48,490 crore (Rs 1484.90 billion) on Tuesday.