'Banks are being encouraged to lend instead of parking their resources with the RBI and earn risk-free interest income,' points out Tamal Bandyopadhyay.
The vacation ownership industry is trying to shed dubious reputation of many years. But you still need to carry out some due diligence before investing in a timeshare holiday.
'Three external members of the first MPC are respected researchers with excellent academic background, but there is no harm in considering academicians with diverse backgrounds such as finance and labour along with economists for this body,' recommends Tamal Bandyopadhyay.
Most Indians have an Ambassador story. Avishek Rakshit chronicles what made this car such an indispensable part of India's cultural psyche.
Hope Aur Hum never strays into complicated territory and sticks to its gentle celebration of everyday highs and lows, says Sukanya Verma.
'The CEO will neither be able to guide the senior team in operational matters nor decide on their appointment, compensation or removal.' 'Yet, the CEO is responsible for the profit and loss of the bank!' 'Why would the senior executives listen to him?' 'Which self-respecting professional would want to be a CEO with these constraints?' asks Tamal Bandyopadhyay.
The Trinamool Congress condemned a Central Bureau of Investigation search at the party's Rajya Sabha Member of Parliament Debabrata Bandopadhyay's residence in Delhi today saying that the central agency was being used by the Bharatiya Janata Party government with a motive of political vendetta against the main opposition parties.
'The PSBs ended up recording Rs 7,709 crore losses in the March quarter compared to the Rs 11,688 crore profits of their private peers,' reveals Tamal Bandyopadhyay.
The much-awaited inaugural run of the Kolkata-Agartala via Dhaka bus, which was flagged off by West Bengal Chief Minister Mamata Banerjee on Thursday, hit a roadblock with technical glitches preventing the journey.
'This is for the first time home loan rates have dropped below 7 per cent,' notes Tamal Bandyopadhyay.
Fintechs need to behave with responsibility and transparency. A lot of mis-selling has been happening. Other issues have been plaguing the fledgling industry -- high interest rates, even higher processing fees, harsh collection process and, most critically, data leakage leading to rampant frauds, points out Tamal Bandyopadhyay.
'Real estate loans are given in the garb of retail loans, sourcing money cheap from the NHB refinance window.' 'This loophole is being plugged,' notes Tamal Bandyopadhyay.
The bosses of SBI, Union Bank and Central Bank have been driving down to their offices everyday to take stock of the biggest loan drive ever undertaken for MSMEs, discovers Tamal Bandyopadhyay.
If banks cannot charge interest from borrowers during the moratorium, who will bear that cost? Should the depositors subsidise the borrowers by foregoing interest on deposits? In that case, we will turn banking on its head! notes Tamal Bandyopadhyay.
The prime minister has called a meeting of chiefs of all parties having representatives in Lok Sabha and Rajya Sabha on June 19 to discuss 'one nation, one election'.
'Like doctors, health workers, police, bankers are also COVID warriors,' notes Tamal Bandyopadhyay.
The Padma Bhushan was conferred on 17 personalities including N Chandrasekharan, chairman of Tata Sons, Krishna and Suchita Ella of Bharat Biotech, Cyrus Poonawalla, Satya Nadella, chairman of Microsoft, Sunder Pichai, chairman of Google.
Bandyopadhyay said senior Gujarat cadre officers had been deputed in the CBI and one of them 'shared' his name with Modi.
'It may sound like sacrilege, but does it really matter if the global raters downgrade India for fiscal slippage?' asks Tamal Bandyopadhyay.
Under the watchful eyes of five wise men, who know the industry well, banks will not find it easy to hoodwink the system, says Tamal Bandyopadhyay.
Author Tamal Bandyopadhyay talked about his book Sahara: The Untold Story during a Rediff chat on Friday.
A total of 13 motions were moved in support of Birla.
The annual earnings of a non-executive chairman of a PSB is capped at Rs 10 lakh, inclusive of fees for attending board meetings. This is way below the compensation of the chairman of any private bank, reveals Tamal Bandyopadhyay.
Central banking is a science, not an art, Tamal Bandyopadhyay tells RBI Governor Shaktikanta Das.
This is one of the many such cases that helped to create an acute fear psychosis among public sector bankers, reveals Tamal Bandyopadhyay in his fascinating new book Pandemonium: The Great Indian Banking Tragedy.
'We get to know secrets such as some of India's top-rated firms do not always make payments when due and many State-owned, listed, enterprises that borrow in bond markets default regularly.' 'Without naming the bank, he says that ever-greening of poor loans by a part of India's shadow banking lay at the doorstep of India's banking, notably 'one private bank'.' Viral Acharya's Quest for Restoring Financial Stability in India won't be music to many ears, observes Tamal Bandyopadhyay.
The Bharatiya Janata Party, however, said the governor is acting within his constitutional parameters while the "TMC is scared".
In the second part of the series on three Indian Americans who are pushing the boundaries in their respective fields, Arthur J Pais speaks with Kirin Sinha, winner of the prestigious Marshall Scholarships, who fuses dance and maths.
Saumil Bandyopadhyay was named a recipient of the second annual American Ingenuity Awards by Smithsonian magazine, the flagship publication of Smithsonian Media, for a unique, sensitive infrared radiation detector.
'One way of doing this could be offering credit guarantee to the banks, say 10 per cent, for fresh loans given to micro, small and medium enterprises,' observes Tamal Bandyopadhyay.
'No one cares about fiscal deficit now. Or for that matter, inflation.' 'The focus is on growth and growth alone.' 'RBI needs to break the risk aversion of banks and infuse adrenaline in their veins', says Tamal Bandyopadhyay.
'Common sense says if one can afford, servicing the loans during this period is a better bet than postponing it by three months,' says Tamal Bandyopadhyay.
In the concluding part of this series on three young Indians American who are pushing the boundaries in their respective fields, Arthur J Pais speaks with Dr Manu Prakash whose low-cost microscope and oral cancer detector that can save millions of lives were born out of empathy for poor people.
The state government, however, has not sent any report as sought by the Union home ministry on "serious security lapses" during Nadda's two-day visit to West Bengal.
The government has readied a big legislative agenda for the Monsoon Session of Parliament beginning Monday even as the Opposition is raring to corner the ruling dispensation over a host of issues, including handling of the second wave of COVID-19, rise in fuel prices and farmers' stir.
'Banking is a business of trust.'
'Just because there is some misunderstanding, you cannot recall the chief secretary.' 'This is not a good development. This is an assault on federalism.'
'As banks grapple with risk aversion and savers see an erosion in the value of money, the P2P platform can be a win-win for both borrowers and lenders,' notes Tamal Bandyopadhyay.
'The new ceiling will cover around 93 per cent of all deposit accounts, up from 90 per cent earlier,' notes Tamal Bandyopadhyay.
'In times of recovery, we may see a rural-urban divide with the urban pockets affected more by COVID-19, but the MFI business model should encourage banks to handhold them in this hour of crisis,' notes Tamal Bandyopadhyay.
