Samie Modak And Anup Roy

Stories by Samie Modak And Anup Roy

Axis Bank net slumps 73% on provisioning

Axis Bank net slumps 73% on provisioning

Rediff.com   20 Jan 2017

Axis Bank's loan portfolio quality deteriorated, with gross NPAs rising to 5.22% of gross advances.

RBI seeks cyber security experts for IT arm

RBI seeks cyber security experts for IT arm

Rediff.com   19 Jan 2017

The cell was formed after attacks on the Bangladesh central bank by international hacker groups siphoned off millions of dollars.

Buying MFs through e-wallets to get Sebi nod

Buying MFs through e-wallets to get Sebi nod

Rediff.com   16 Jan 2017

The move to allow payments through digital wallets could give a fillip to distribution and reach for these investment vehicles, say experts.

'Things could change if the Budget surprises positively'

'Things could change if the Budget surprises positively'

Rediff.com   11 Jan 2017

Deutsche Bank expects the Sensex to climb only 8% in 2017 to 29,000, and expects high volatility.

RBI's identity has been damaged: Former gov

RBI's identity has been damaged: Former gov

Rediff.com   10 Jan 2017

'For the RBI, for a central bank, reputational risk is the worst risk.' 'Credibility is the worst risk,'

RBI reworking demonetisation numbers

RBI reworking demonetisation numbers

Rediff.com   6 Jan 2017

'RBI is taking all steps to complete the process expeditiously so as to release firm figures at an early date.'

Modi's low-cost housing push is good news for banks, NBFCs

Modi's low-cost housing push is good news for banks, NBFCs

Rediff.com   3 Jan 2017

The prime minister's sop is expected to give a massive boost to priority-sector housing loans, thereby pulling the entire housing loan portfolio of banks.

Will Viral Acharya sing a new tune at the RBI?

Will Viral Acharya sing a new tune at the RBI?

Rediff.com   29 Dec 2016

Hopefully, the grey world of central banking in a nation hit by demonetisation, will lighten up with some of his notes soon.

Good time for cash-rich IT firms to go for share buy-back

Good time for cash-rich IT firms to go for share buy-back

Rediff.com   24 Dec 2016

Higher dividend taxes, falling valuations make alternative shareholder payment attractive.

'You never know what notification will come on Friday'

'You never know what notification will come on Friday'

Rediff.com   22 Dec 2016

'Nobody will wait now. Everyone will come to deposit their old notes. The confidence is shaken.'

Rakesh Jhunjhunwala's stocks witnesses flat 2016

Rakesh Jhunjhunwala's stocks witnesses flat 2016

Rediff.com   20 Dec 2016

The value of the ace investor's personal holdings rose by just 2%.

Bank staff slogging it out on their own

Bank staff slogging it out on their own

Rediff.com   17 Dec 2016

There is not much bank employees can do, but some words of encouragement from the management would have helped. Stretched working hours and the tense atmosphere is taking a toll on their health.

US Fed rate hike puts bonds, rupee under pressure

US Fed rate hike puts bonds, rupee under pressure

Rediff.com   16 Dec 2016

Hawkish guidance by the US Fed raises concerns it could tie the hands of RBI from trimming rates.

Risk-reward for investing in equity gets a boost

Risk-reward for investing in equity gets a boost

Rediff.com   14 Dec 2016

Spread between earnings yield and bold yield lowest since 2013; dividend yield and bond yield lowest since 2008.

Urjit's 'no' foxes markets, divides bankers

Urjit's 'no' foxes markets, divides bankers

Rediff.com   8 Dec 2016

RBI said the outlook for economic growth for 2016-17 has turned uncertain after the unexpected loss of momentum by 50 basis points in Q2 and the effects of the withdrawal of banned notes

Note ban: Centre may still get a windfall

Note ban: Centre may still get a windfall

Rediff.com   6 Dec 2016

The theory that all banned notes will come back into the system may not be true. Anup Roy finds out.

RBI may cut rate by 25 basis points

RBI may cut rate by 25 basis points

Rediff.com   5 Dec 2016

RBI may cut rate by 25 basis points

$17bn of FCNR deposits redeemed in Nov, but here's why we didn't know

$17bn of FCNR deposits redeemed in Nov, but here's why we didn't know

Rediff.com   2 Dec 2016

The huge pressure on the currency market largely went unnoticed because of the demonetisation exercise.

CRR effect: Even as public pours in cash, banks scramble to manage liquidity

CRR effect: Even as public pours in cash, banks scramble to manage liquidity

Rediff.com   29 Nov 2016

RBI on Monday conducted an unprecedented level of liquidity infusion to the tune of Rs 3.3 lakh crore, in which banks bid for as much as Rs 4.5 lakh crore. The central bank said it would conduct a liquidity infusion auction of Rs 1 lakh crore on Tuesday as well, to help banks tide over the liquidity crisis.

RBI eases its cash withdrawal rule

RBI eases its cash withdrawal rule

Rediff.com   29 Nov 2016

People depositing money with banks in legal tender are allowed to withdraw the equivalent amount without any restriction.