Somasroy Chakraborty &Amp; Manojit Saha

Stories by Somasroy Chakraborty &Amp; Manojit Saha

Financing of CAD a key challenge: RBI

Financing of CAD a key challenge: RBI

Rediff.com   28 Jun 2013

The central bank is of the view that rise in external debt a concern but rating outlook revision reassuring.

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.

Dwindling rupee dampens next week's rate cut hope

Dwindling rupee dampens next week's rate cut hope

Rediff.com   11 Jun 2013

The sharp fall in rupee since the beginning of May will make things difficult for the central bank which is on the path of easing the monetary policy to revive growth.

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.

From ICICI to YES Bank: Meet Shagun Kapur Gogia

From ICICI to YES Bank: Meet Shagun Kapur Gogia

Rediff.com   10 Jun 2013

Shagun Kapur Gogia might not have convinced her uncle Rana Kapoor, managing director and chief executive of YES Bank, to appoint her as a board member of the bank, but it appears she has successfully carved out her own space in the financial world.

Companies staring at unhedged forex exposure

Companies staring at unhedged forex exposure

Rediff.com   7 Jun 2013

While the rupee depreciation in 2012 persuaded many companies in taking hedges against their foreign currency loans, industry analysts feel it might not be sufficient to counter the swift slide in the value of the local currency.

RBI to give new licensees more time to set up banks

RBI to give new licensees more time to set up banks

Rediff.com   3 Jun 2013

Application deadline may be extended but no leeway on priority-sector targets.

India needs to grow much faster: D Subbarao

India needs to grow much faster: D Subbarao

Rediff.com   5 May 2013

RBI Governor D Subbarao says banks' response to RBI's monetary intervention is asymmetric.

Buzz over 50-basis-point rate cut grows LOUDER

Buzz over 50-basis-point rate cut grows LOUDER

Rediff.com   30 Apr 2013

Street expects RBI to keep CRR unchanged, opt for open-market operations to ease liquidity

'SBI may stop performance guarantee to road projects'

'SBI may stop performance guarantee to road projects'

Rediff.com   29 Apr 2013

Four days ahead of RBI's monetary policy review, SBI Chairman Pratip Chaudhuri says a cut of one percentage point in CRR will allow the bank to lower lending rates 20 basis points.

RBI may allow 7-8 NEW banks

RBI may allow 7-8 NEW banks

Rediff.com   23 Apr 2013

Most major corporate houses, such as the Tata group, Birla group and Reliance Industries, besides non-banking financial companies like L&T Finance, M&M Financial Services and the Shriram group, are said to be interested in setting up new banks.

Banks oppose HSBC's plan to sell stake in insurance JV

Banks oppose HSBC's plan to sell stake in insurance JV

Rediff.com   22 Apr 2013

The public-sector lenders were yet to get a formal proposal on sale from HSBC.

Gold loan firms swing into action as prices fall

Gold loan firms swing into action as prices fall

Rediff.com   19 Apr 2013

These companies may recall loans in extreme cases; loan-to-value ratio stands at 60% but scrap value at 75%.

HSBC eyes banking biz beyond metros

HSBC eyes banking biz beyond metros

Rediff.com   19 Apr 2013

Hongkong and Shanghai Banking Corporation (HSBC) is exploring opportunities beyond metro cities to expand its commercial banking business in India.

Cobrapost fallout: RBI extends investigation to 34 banks

Cobrapost fallout: RBI extends investigation to 34 banks

Rediff.com   19 Apr 2013

Reserve Bank of India lens on mutual fund, insurance, gold coin sale by branch's non-sales staff

Lenders to start liquidating Mallya's assets soon

Lenders to start liquidating Mallya's assets soon

Rediff.com   11 Apr 2013

The Goa villa, Mumbai office could be put on the block.

Banks may need more time to replace cards

Banks may need more time to replace cards

Rediff.com   9 Apr 2013

Card fees likely to increase to offset replacement cost.

Retired bankers in demand as India Inc looks for licence

Retired bankers in demand as India Inc looks for licence

Rediff.com   9 Apr 2013

Aspirants banking on experience and domain knowledge of veterans

FM to meet India Inc, bankers on stalled projects

FM to meet India Inc, bankers on stalled projects

Rediff.com   5 Apr 2013

The first such interaction would be in Mumbai on Monday.

RBI to meet bankers on Thursday for pre-policy talks

RBI to meet bankers on Thursday for pre-policy talks

Rediff.com   2 Apr 2013

Banks will ask the banking regulator to defer the higher provisioning norms on standard restructured advances.