'Those who come from outside are surprised at the relatively small strength of the RBI supervisory cadre, relative to the needs of the country and the needs of the financial sector.'
Tamal Bandyopadhyay, columnist and author of several books like From Lehman to Demonetisation: A Decade of Disruptions and Sahara: The Untold Story, tells Rediff.com why Yes Bank depositors should not panic and the current crisis at India's fifth largest private lender does not pose any systemic risk.
Likening the situation in the country to a "social emergency", Prime Minister Narendra Modi on Wednesday made it clear that the nationwide lockdown to contain the spread of Covid-19 cannot be lifted in one go on April 14, asserting that the priority of his government is to "save each and every life".
Buoyed by tremendous consumer response and with banking on its huge roll-out plan, Anil Dhirubhai Ambani Group's brokerage and distribution arm Reliance Money expects to break-even by the end of the current fiscal.
Broking house Reliance Money on Thursday said it plans to expand its operations in the country by taking the number of outlets up to 10,000 by the end of this fiscal. The financial services and products distribution arm of Anil Dhirubhai Ambani Group currently has around 4,000 outlets, company's Director and CEO Sudip Bandyopadhyay told reporters.
Interview with Tamal Bandyopadhyay, the author of Sahara: The Untold Story.
'Basuda welcomed viewers into a world that was instantly familiar and comfortable,' observes Sukanya Verma.
R-Money, the Anil Ambani group's retail brokerage arm, will introduce gold coins in smaller denominations of half gram and one gram in the market. The market is currently dominated by 5-gm and 8-gm coins.
Tamal Bandyopadhyay offers some unsolicited advice for a government wh,ich came to power, with brute majority and the nation's pragmatic chief money man.
On the first day of winter session, Prime Minister Narendra Modi reached out to the Opposition.
In a first such action in India's electoral history, the Election Commission had Wednesday ordered campaigning in the nine West Bengal constituencies to end at 10 pm on Thursday, instead of 6 pm on Friday, in the wake of violence between the Bharatiya Janata Party and the Trinamool Congress in Kolkata during Amit Shah's roadshow.
Aslam Hunani/Rediff.com gives the lowdown on the 59 seats spread across seven states and one Union territory going to polls in the last and final phase of the 2019 Lok Sabha elections on May 19, 2019.
"Today, we stand united in solidarity with our security forces in fighting terrorism and in defending the unity and integrity of India."
'Our intention is to make Disney-branded clean family movies for the entertainment of the local Indian market.'
'Public sector banks are like an extended arm of the government.' 'They rush to rescue certain sectors or they rush to invest in certain sectors to prop up the economy which the private banks don't.'
Principal Secy Alapan Bandyopadhyay would arrive by the bus.
This growth gives sleepless nights to a bank chairman
The hits and misses of the week.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Festive atmosphere and bonhomie prevailed in Lok Sabha on Thursday with members donning traditional dress and head gears and many taking oath in their mother tongue.
It's high time the President intervened and saved the country, said Mamata.
It is difficult to say if the banking sector will see the worst behind it by March 2020, warns Tamal Bandyopadhyay.
30 percent of our business comes from exports to countries like the US, the UK, Canada and Germany
The International Monetary Fund chief economist-designate Raghuram Rajan feels big deficits -- whether India's fiscal deficit or the United States' current account deficit -- are not sustainable in the long term.
As banks improve their risk management systems, the intermediation cost as well as potential NPAs will come down.
He asserted that the BJP does not carry out any action with a vindictive approach.
Principal opposition Congress too staged a walk out saying its members should have been the first ones to speak but were being denied a chance.
West Bengal government has 1.2 per cent stake in BAPL.
'Clearly, the depositors of cooperative banks need the maximum protection.'
BJP won 18 of the seats while the TMC won 22 of the seats.
Our team is so charged with the responsibility that they immediately go about executing whatever decision we take.
The EC also ordered the removal of Principal Secretary (Home) Atri Bhattacharya and Additional Director General, CID, Rajiv Kumar from their postings in West Bengal.
After claiming that there will be an "earthquake" if he speaks, Rahul Gandhi on Wednesday alleged that he has detailed information about "personal corruption" by Prime Minister Narendra Modi which he wants to present in Lok Sabha but is not being allowed to do so by the prime minister.
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