Somasroy Chakraborty

All stories by Somasroy Chakraborty

Bankers resort to 'Gandhigiri' to recover dues from wilful defaulters

Bankers resort to 'Gandhigiri' to recover dues from wilful defaulters

Rediff.com21 Mar 2015

Banks have started organising silent demonstration in front of houses of defaulters.

Bankers resort to 'Gandhigiri' to recover dues from wilful defaulters

Bankers resort to 'Gandhigiri' to recover dues from wilful defaulters

Rediff.com21 Mar 2015

United Bank of India and Andhra Bank employees start organising silent protests.

Send money 24x7 using only your phone's address book!

Send money 24x7 using only your phone's address book!

Rediff.com30 Jan 2015

Chillr App allows users to send money to any contact in phone books.

5 entities file lawsuit against ICICI Bank UK

5 entities file lawsuit against ICICI Bank UK

Rediff.com27 Dec 2014

Bank dismisses mis-selling charges, says lawsuit filed after it initiated legal recovery action over loan default

The rise, fall & return of Vikram Akula

The rise, fall & return of Vikram Akula

Rediff.com16 Dec 2014

It might be difficult to repeat the SKS success with VAYA Finserv, say analysts

High-profile bankers find it tough to turn around small private banks

High-profile bankers find it tough to turn around small private banks

Rediff.com10 Dec 2014

Poor governance, constant interference of promoters, opposition from unions and talks of being an acquisition target seen as main deterrents.

HDFC Bank to welcome back its former employees

HDFC Bank to welcome back its former employees

Rediff.com9 Dec 2014

The bank introduces project 'Khoj' to re-hire 3,000 ex-workers over 18 months.

SIM-swap fraud: A new way of stealing money

SIM-swap fraud: A new way of stealing money

Rediff.com5 Dec 2014

Fraudsters duplicate SIM cards to hack into bank accounts.

ICICI Bank goes slow on hiring for now

ICICI Bank goes slow on hiring for now

Rediff.com22 Nov 2014

The introduction of more technology platforms has also helped.

Savings deposit above Rs 1 lakh? You will earn less!

Savings deposit above Rs 1 lakh? You will earn less!

Rediff.com19 Nov 2014

Your opportunity to earn higher interest by keeping more than Rs 1,00,000 in your savings bank account might soon be limited.

UCO Bank not to allow lawyers to represent Kingfisher

UCO Bank not to allow lawyers to represent Kingfisher

Rediff.com8 Nov 2014

UCO Bank will not allow Kingfisher Airlines to be represented by lawyers in the wilful default case hearing.

Will the rupee remain steady?

Will the rupee remain steady?

Rediff.com11 Oct 2014

Possible slowdown of FII money into debt and equity markets could add pressure on currency.

For India's least-paid CEOs, it's not only about money

For India's least-paid CEOs, it's not only about money

Rediff.com26 Sep 2014

Attractions range from start-up challenges to non-monetary perks; employee stock options also play a role.

UBI may declare UB Holdings a wilful defaulter

UBI may declare UB Holdings a wilful defaulter

Rediff.com10 Sep 2014

Sources said a few other lenders were also contemplating a move to declare both Kingfisher Airlines and UBHL wilful defaulters.

Decoding wilful defaulter tag

Decoding wilful defaulter tag

Rediff.com5 Sep 2014

Wilful defaulters will not be allowed to take up board positions in any company.

Can public sectors banks clean up the rot within?

Can public sectors banks clean up the rot within?

Rediff.com20 Aug 2014

The finance ministry is not only keen to split the roles of CMD, but also wants to appoint them for a fixed tenure of five years.

Syndicate fallout: PSBs' small loans may be hit

Syndicate fallout: PSBs' small loans may be hit

Rediff.com7 Aug 2014

Bankers said fear of loan losses impairing their careers could make officers wary of sanctioning new loan proposals on their own.

Why private banks are on a hiring spree

Why private banks are on a hiring spree

Rediff.com18 Jun 2014

Fresh hiring might slow as banks likely to focus on improving efficiencies.

YES Bank terms Madhu Kapur's allegations as baseless

YES Bank terms Madhu Kapur's allegations as baseless

Rediff.com6 Jun 2014

Writes to shareholders highlighting its performance, governance practices.

For new banks, it's a race against time

For new banks, it's a race against time

Rediff.com3 Apr 2014

Most players will need to burn the midnight oil to meet the deadline for creating a bank as well as specific norms set by RBI.

Deutsche Bank's Bagga quits

Deutsche Bank's Bagga quits

Rediff.com19 Mar 2014

It is also learnt that Deutche bank has initiated a search for a new head of its private wealth management business in India

Amex's elusive black card now in Indian pockets

Amex's elusive black card now in Indian pockets

Rediff.com10 Mar 2014

According to sources, a few hundred have been issued to Indian businessmen, celebrities and brand experts.

HDFC Bank aims to offer 1 mn credit cards in 2014

HDFC Bank aims to offer 1 mn credit cards in 2014

Rediff.com14 Jan 2014

Lender had 5.12 mn cards - almost a third of the total number of credit cards in the industry - at the end of November, 2013.

Muted growth likely for banks

Muted growth likely for banks

Rediff.com8 Jan 2014

Loan defaults and restructuring to limit profits.

M&A deals continue to shrink in 2013

M&A deals continue to shrink in 2013

Rediff.com27 Dec 2013

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