Vinay Umarji &Amp;Amp; Abhijit Lele

Stories by Vinay Umarji &Amp;Amp; Abhijit Lele

Is Gujarat heading back to pre-2002 era?

Is Gujarat heading back to pre-2002 era?

Rediff.com   6 Oct 2014

After Narendra Modi's exit from state politics, the BJP and Hindutva forces are falling back on communal politics, says Vinay Umarji

SBI to raise global biz share to 25% in 3 years

SBI to raise global biz share to 25% in 3 years

Rediff.com   8 Sep 2014

SBI's number of foreign offices increased from 186 in March 2013 to 190 in March 2014, in 36 countries.

RBI begins review of Jan Dhan rollout

RBI begins review of Jan Dhan rollout

Rediff.com   5 Sep 2014

A senior RBI official said the regulator was focusing on performance of banks' statewise and in each district.

I have enough liquidity to look after growth needs, assures SBI chief

I have enough liquidity to look after growth needs, assures SBI chief

Rediff.com   5 Sep 2014

In an interview with Business Standard, Arundhati Bhattacharya says she expects stalled projects coming back on track in two quarters.

Offline project yet to take off, Namo Store plans revamp

Offline project yet to take off, Namo Store plans revamp

Rediff.com   30 Aug 2014

While online sales continue to grow at a steady 10 per cent, the volunteers-run online store has not been able to garner enough traction to push for offline stores.

Gujarat still close to Modi's heart, gets new projects

Gujarat still close to Modi's heart, gets new projects

Rediff.com   28 Aug 2014

Even while the union budget may not have announced many direct schemes for Gujarat, the state has been a major beneficiary under Prime Minister Narendra Modi's first 100 days in office.

Banks seek stricter norms for reporting on wilful defaulters

Banks seek stricter norms for reporting on wilful defaulters

Rediff.com   28 Aug 2014

Banks, through the Indian Banks' Association, have urged RBI and credit information companies to maintain a database of wilful defaulters.

Textile firms try out own e-commerce platform

Textile firms try out own e-commerce platform

Rediff.com   27 Aug 2014

Buoyed by the success of e-commerce players like Jabongand Myntra, textile companies like Arvind Ltd, TT Ltd and Creative Lifestyles, among others are exploring the online market through their own e-commerce platforms.

Ahead of festive season, banks cut big-ticket home loan rates

Ahead of festive season, banks cut big-ticket home loan rates

Rediff.com   27 Aug 2014

SBI, ICICI Bank and PNB reduce interest rate for loans above Rs 75,00,000

SC verdict on coal blocks worries bankers

SC verdict on coal blocks worries bankers

Rediff.com   26 Aug 2014

These numbers show overall exposure and are not a reflection that all loans are going to be impacted.

Reliance Retail tweaks funding strategy

Reliance Retail tweaks funding strategy

Rediff.com   24 Aug 2014

Reliance Retail would be exposed to implementation and execution risks in its expansion plans.

Syndicate Bank brass in damage control

Syndicate Bank brass in damage control

Rediff.com   7 Aug 2014

The Reserve Bank of India's ongoing inspection of the book of accounts of Syndicate Bank is unconnected with last week's arrest of S K Jain, its chairman and managing director.

TCS raising Rs 4,000 crore via commercial paper

TCS raising Rs 4,000 crore via commercial paper

Rediff.com   26 Jul 2014

Analysts say TCS's total dividend outgo in 2014-15 is likely to cross Rs 11,500 crore (Rs 115 billion), given its policy of paying quarterly dividends.

Banks put Rs 21k-cr NPAs on block in 3 months

Banks put Rs 21k-cr NPAs on block in 3 months

Rediff.com   23 Jun 2014

Rush to offload bad loans indicates a revival in asset-sale market

Vendors trim output as Tata shuts Nano plant for 3 weeks

Vendors trim output as Tata shuts Nano plant for 3 weeks

Rediff.com   16 Jun 2014

In 2013-14, Tata Motors produced 21,358 Nano models against the plant capacity of 250,000 vehicles.

Surat set to have a world-class diamond bourse

Surat set to have a world-class diamond bourse

Rediff.com   3 Jun 2014

The proposed exchange is likely to be almost as big as Mumbai's Bharat Diamond Bourse, now said to be fully occupied.

B-schools reduce seats, cut fees to attract students

B-schools reduce seats, cut fees to attract students

Rediff.com   16 May 2014

The institute says more seats are putting a strain on its resources.

NPAs render govt banks unfit for pvt Provident Fund deposits

NPAs render govt banks unfit for pvt Provident Fund deposits

Rediff.com   6 May 2014

Norms governing investments by provident funds bar these from depositing funds in a commercial bank in case the NPAs of that bank exceed two per cent of net advances.

SBI to lend $500 mn, redeem securities worth $800 mn

SBI to lend $500 mn, redeem securities worth $800 mn

Rediff.com   23 Apr 2014

SBI's overall gross NPA as on end-December 2013 was close to Rs 68,000 crore ( Rs 680 billion) or 5.73 per cent of its gross advances.

Loan rating heat on Sahara Hospitality on tepid show

Loan rating heat on Sahara Hospitality on tepid show

Rediff.com   12 Mar 2014

The Sahara group's problems continue, with rating agency CARE cutting its 'BBB' ranking for Sahara Hospitality Ltd's (SHL) long-term bank facility to 'BBB-', due to sub-optimal financial and operational performance.