All stories by Namrata Acharya
Why demand for banking correspondents has surgedRediff.com26 Jun 2020
However, despite the surge, the average income of banking correspondents has taken a beating due to the low value of transactions.
Why MFIs could end up losing Rs 1,500 crRediff.com17 Jun 2020
Industry fears waiver of interest on interest would distort credit culture, may encourage borrowers who can pay to defer repayment.
'We're well prepared to handle any surge in COVID-19 cases'Rediff.com27 May 2020
'States have done a tremendous job of identifying health facilities for COVID-19 care and equipping them well.'
Bengal migrant workers denied Jan, Feb paysRediff.com11 May 2020
In Sandelerbil village alone in the Hingalgunj block in the Sundarbans, around 36 families from the Scheduled Caste community migrated from Tamil Nadu in March, where they had been working in a gas oven factory. A majority awaits dues promised but not paid. The story is no different in the villages of Manipur, Atapur, and Amtoli under the Sandeshkhali block in the Sundarbans.
Covid-19 leads to India's only quinine factory being revivedRediff.com17 Apr 2020
Perched in the hills of Darjeeling, the factory was set up in 1874, but has remained shut since 2001. Efforts to reopen the colonial era establishment are now on a war footing.
These migrants are unwelcome guests in their own homesRediff.com30 Mar 2020
As the world awaits the end of the global pandemic, rural Bengal might be witnessing a recession unfolding in bits and pieces. With factories and tea gardens closing down, agricultural income falling and storm Aila ravaging a large part of deltaic West Bengal in 2010, migration gradually became a norm.
Bandhan Bank keen on affordable housing loanRediff.com10 Dec 2019
Bandhan Bank is expecting that a little less than 50 per cent of its portfolio will be dominated by affordable housing loans in the next three to five years.
As chit fund cos go hi-tech, fintech firms see a gold mineRediff.com28 Nov 2019
PNB-UBI-OBC merger: Automated HR integration likelyRediff.com29 Oct 2019
All transfers and promotions for next financial year will be decided by respective banks, not by the merged entity.
Banerjee-Duflo duo and Bandhan Bank's anti-poverty schemeRediff.com16 Oct 2019
According to a 2011 impact assessment study of the programme by Banerjee and Duflo, along with economists Raghabendra Chattopadhyay and Jeremy Shapiro, Bandhan's THP results in a 15 per cent increase in household consumption and had a positive impact on wealth and welfare, such as assets and emotional well being.
The big gainers under PM's agri insurance planRediff.com29 Jul 2019
Under the PMFBY - introduced in 2016 - farmers have to pay a maximum of 2 per cent of the sum insured for kharif and 1.5 per cent for rabi food and oilseed crops and 5 per cent for commercial/horticultural crops. Eighteen general insurance companies, including five public sector insurance firms, have been empanelled for the scheme's implementation.
How private insurance cos are making life difficult for LICRediff.com28 Jun 2019
Private insurance firms say, over the past few years, they have been investing on digital technologies to reach semi urban and rural areas.
Dole-outs failed TMC in BengalRediff.com26 May 2019
Since much of the voting was on religious lines, Mamata's rural focus became irrelevant.
'We have been dying a silent death for six years'Rediff.com3 May 2019
'Neither the Centre nor the state is helping us, rather they are coming up with new ways to create stumbling blocks for the return of money.'
How NBFC-MFIs managed to raise 26,200 crore in securitisation deals in FY19Rediff.com22 Apr 2019
One of the factors behind the rise in securitisation deals was State Bank of India's (SBI) decision to buy portfolio worth Rs 45,000 crore from NBFCs
Why sale of stressed assets by banks off to a slow start this yearRediff.com15 Apr 2019
Recently, CVC suggested that banks have a monitoring mechanism for bad loan sales to ARCs, with the cash flow statement from stressed assets shared with banks.
Why bankers are cold to Modi's Main Bhi Chowkidar campaignRediff.com27 Mar 2019
AIBOC in a letter to the Prime Minister, has said the government should not expect the banking fraternity to "join the political campaign of #MainBhiChowkidar" unless issues related to merger of banks, salary revision and staff recruitment, among others, are addressed.
'By 2022, India will need 20 million affordable houses'Rediff.com1 Mar 2019
/We will stay away from corporate loans,' C S Ghosh, managing director and chief executive officer of Bandhan Bank, tells Namrata Acharya.
Why govt insurance firms posted such huge lossesRediff.com24 Feb 2019
Multiple reasons accounted for the losses, including manpower crunch and lack of clarity on the merger of National, United and Oriental, reports Namrata Acharya.
Bandhan finds that banking licence comes with challengesRediff.com3 Nov 2018
From zeroing in on the best means for stake dilution to moving beyond microfinance, Bandhan navigates a tough path. Namrata Acharya reports.
SBI: No major risk in NBFC portfolioRediff.com5 Oct 2018
NBFCs are facing the heat of a crisis at IL&FS, which defaulted on repayment of its commercial paper dues, leading to a contagion effect in the sector.
The biggest hurdle Ayushman Bharat will face in BengalRediff.com20 Sep 2018
West Bengal signed an MoU with the Centre for jointly implementing Ayushman Bharat but so far officials have received no word about how it will be done and the deadline is almost here.
NPAs: Why debt recovery has become a huge headache for banksRediff.com3 Sep 2018
According to a government reply in Lok Sabha, as on June 30, 2017, there were about 109,598 cases pending across debts recovery tribunals, with recovery dues of Rs 635,500 crore.
Kerala floods: Insurers speed up claim settlementsRediff.com20 Aug 2018
Motor insurance is expected to generate largest claims for the companies whereas for crop insurance, the Agriculture Insurance Company is expecting claims of about Rs 15-16 crore
Bandhan Bank still waiting for RBI guidelines on meeting promoter holding normsRediff.com17 Aug 2018
RBI's licensing norms require a bank to bring down promoter holding to 40 % within 3 years of operation - which, for Bandhan Bank, will be by Aug 23
India's 6 most debt-ridden statesRediff.com17 Jul 2018
At the end of March 2016, Uttar Pradesh was the most indebted state, with an outstanding liability of Rs 385,300 crore, followed by Maharashtra at Rs 351,400 crore and West Bengal at Rs 314,700 crore.
Banks, HFCs ride on sub-prime borrowersRediff.com9 Jul 2018
While the total disbursement of housing loans by PSBs as well as HFCs witnessed a deceleration in 2016-17, there was significant growth for the lower slabs
Demonetisation woes drag on for small finance banksRediff.com6 Jun 2018
Microfinance portfolio of SFBs saw a muted growth of about 3% last year
PSBs may re-approach Sebi for relaxing promoter equity ruleRediff.com14 May 2018
PSBs were required to bring down government shareholding to at least 75 per cent, to comply with the amended Securities Contract (Regulations) Rules by August 2017.
Crackdown on shell cos forces 1 in 3 registered firms to shut shopRediff.com27 Mar 2018
A crackdown on shell companies, increased regulatory compliance and failure of companies to avail bank credit, and defaulting on loans are some of the reasons cited by accounting professionals for the closure of such a large number of companies
At 45K cr, Bandhan's IPO valuation is 2nd after SBI'sRediff.com12 Mar 2018
C S Ghosh, founder of Bandhan Bank, believes his unique business model is not comparable to any financial institution in India -- neither small finance banks, nor big private sector banks -- and hence the valuations are justified.
World Bank arm to sell 1.8% stake in Bandhan BankRediff.com2 Jan 2018
Bandhan Bank has filed a draft red herring prospectus with Sebi for an IPO of up to 119 million equity shares, with face value of Rs 10 each.
National Insurance IPO will happen only after April 1, 2018Rediff.com28 Dec 2017
Analysts say large issue sizes and high prices were key reasons for the poor response to IPOs of other public sector insurance entities. The high share price meant small investors did not foresee any listing gain
Small banks plan to lower deposit ratesRediff.com6 Nov 2017
However, despite the reduction, their interest rates would be about 50-100 basis points higher than those of banks
To save Kolkata's crumbling heritageRediff.com8 Jun 2017
Namrata Acharya finds out more about a movement aimed at preserving not only the mansions of north Calcutta and the grand colonial buildings of central Calcutta, but also the architecturally modest, yet unique, houses of south Kolkata.
Will the Calcutta Stock Exchange survive?Rediff.com10 May 2017
Close to 20 regional stock exchanges, including the big exchanges of Delhi, Chennai, and Bengaluru, have voluntarily exited in the face of SEBI's stringent regulations. Namrata Acharya finds out what makes CSE continue to fight its lone battle.
Note ban: MFIs seek more time for loan repaymentsRediff.com3 Apr 2017
In December 2016, RBI had granted additional 60 days for repayment of certain loans
These banks are betting on local hiring in face of cost-effective staff crunchRediff.com7 Mar 2017
These banks are finding it hard to pick up seasoned bankers at the pay they are offering
Onion prices crash 40% in wholesale marketsRediff.com28 Feb 2017
The cost of production of onion is around 800-900 per quintal, while prices are hovering around 500 per quintal across major wholesale markets.
Kolkata is shell companies' favourite addressRediff.com21 Feb 2017
In Kolkata, there is a community of chartered accountants, and it is easy to find 'directors', who for Rs 5,000 will sign anywhere.