Somasroy Chakraborty &Amp; Abhijit Lele

Stories by Somasroy Chakraborty &Amp; Abhijit Lele

Be ready to pay more for ATM transactions this year

Be ready to pay more for ATM transactions this year

Rediff.com   2 Jan 2014

At present, there is no cap on free transactions at own-bank ATMs, while customers can use other banks' machines up to five times a month without any extra cost.

M&A deals continue to shrink in 2013

M&A deals continue to shrink in 2013

Rediff.com   27 Dec 2013

Outbound deal count in the current calendar year fell to 100 from 154 in 2012.

New worries for banks

New worries for banks

Rediff.com   11 Dec 2013

Delays in returning money for disputed transactions have also come under RBI's scanner.

Foreign banks wait for norms on fully-owned subsidiaries

Foreign banks wait for norms on fully-owned subsidiaries

Rediff.com   31 Oct 2013

Currently, foreign lenders are present in India only through branches or representative offices.

Why soft loans will be hard on the exchequer

Why soft loans will be hard on the exchequer

Rediff.com   24 Oct 2013

The government is somehow convinced that selective low-rate lending will stimulate demand and accelerate economic growth that plunged to a four-year low of 4.4 per cent in the first three months of 2013-14.

FM to grill govt banks' chiefs on Tuesday

FM to grill govt banks' chiefs on Tuesday

Rediff.com   21 Oct 2013

Meet to review progress on lending, impact of recent rate cuts and what is being done on NPAs, among other things

Banking sector revives Lehman fears

Banking sector revives Lehman fears

Rediff.com   14 Sep 2013

Though Indian banks don't have large exposure to subprime mortgages, analysts are worried at the rise in their restructured loan portfolios and deterioration in credit quality.

Sliding rupee, RBI moves turn tide for NRI deposits in July

Sliding rupee, RBI moves turn tide for NRI deposits in July

Rediff.com   12 Sep 2013

All categories of NRI deposits saw net inflows in July.

HDFC Bank's credit card base shrinks

HDFC Bank's credit card base shrinks

Rediff.com   11 Sep 2013

The uncertain macroeconomic environment may have prompted HDFC Bank to go slow on expanding its credit card portfolio.

The man behind Akula's plan to make a comeback at SKS

The man behind Akula's plan to make a comeback at SKS

Rediff.com   11 Sep 2013

Biksham Gujja contributed to major global initiatives such as the World Commission on Dams, World Water Commission and World Water Forum.

Corporate debt restructuring cases to come under scanner

Corporate debt restructuring cases to come under scanner

Rediff.com   7 Sep 2013

The government is set to carry out a performance review of companies that have opted for corporate debt restructuring (CDR).

Banks to rework home loan math

Banks to rework home loan math

Rediff.com   5 Sep 2013

After RBI's missive on proxy lending to builders, it's time to reshuffle.

Now, private power firms may shock banks

Now, private power firms may shock banks

Rediff.com   16 Aug 2013

Rs 50,000-cr loans for 15,000-Mw projects could be heading for restructuring.

Move to settle YES Bank case out of court

Move to settle YES Bank case out of court

Rediff.com   5 Aug 2013

According to people familiar with the development, a meeting between the families was held on Saturday to discuss whether the case could be settled outside court.

Interest rate cycle makes a U-turn

Interest rate cycle makes a U-turn

Rediff.com   1 Aug 2013

YES Bank raises base rate; HDFC Bank, Axis hike deposit rates.

StanChart is most profitable foreign bank in India

StanChart is most profitable foreign bank in India

Rediff.com   13 Jul 2013

The foreign lender's profit after tax was Rs 2,960 crore

YES Bank board says no to Shagun Kapur Gogia

YES Bank board says no to Shagun Kapur Gogia

Rediff.com   30 Jun 2013

In a letter addressed to Gogia's mother, Madhu Kapur, who holds a 12 per cent stake in YES Bank, the private lender said its board of directors, after extensive deliberations, had unanimously agreed not to accept her recommendation to appoint her daughter on the board.

SBI to turn aggressive against defaulting firms

SBI to turn aggressive against defaulting firms

Rediff.com   26 Jun 2013

SBI was slow in filing and following up on winding-up cases.

Private banks mull exit from gold coin business

Private banks mull exit from gold coin business

Rediff.com   22 Jun 2013

India's top private banks might soon exit from the gold coin business.

YES Bank promoters may opt to settle dispute out of court

YES Bank promoters may opt to settle dispute out of court

Rediff.com   11 Jun 2013

While the court refused to order a stay on the AGM, it directed YES Bank to advance its board meeting by a month to June 27 and consider Gogia's appointment as a director on the bank's board.