Financial inclusion has two parameters- access and use of banking services.
Financial inclusion has two aspects- access and use of banking services.
Bandhan has a strong presence in India's under-banked eastern and northeastern regions.
Stuard Milne, CEO, HSBC India talks about the bank's gameplan in the country.
'Citibank customers will migrate to the Axis Bank platform over 18 months.'
As their non-performing assets have risen sharply even as loans have remained stagnant, RBI steps in with stringent loan-management measures.
Thomas Mathew T, managing director, tells Manojit Saha and M Saraswathy about the LIC's strategy and growth plans.
RBI Governor D Subbarao says banks' response to RBI's monetary intervention is asymmetric.
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.
"Our asset quality is sound and not a source of concern at this point. Right now, the concern is how to grow faster", says Ravneet Gill
Interview with the Governor of Reserve Bank of India.
CRR cut does not rule out open market operations.
'While bank non-performing assets will rise, there is no systemic risk.'
It is clear now that our policy to treat FCCBs as debt upfront turned out to be the right approach.
In an interview with Manojit Saha and Somasroy Chakraborty, executive director Paresh Sukthankar says the bank is adequately capitalised to meet the growth targets for at least a couple of years.
'We now understand things that we have to correct.'
If numbers change, there will be scope for more rate cuts.
Bhasker Sen, chairman and managing director of UBI, discusses the bank's plan in the areas of business growth and human resources with Parnika Sokhi and Manojit Saha.
While weather forecasters remain divided on how the monsoons will play out in India over the next few months, analysts believe the news at the current juncture - at best - can trigger a knee-jerk reaction in the markets. They believe it is too early to say whether the sub-par monsoon on account of El Nino can seriously dent the market sentiment in the short-to-medium term. "These are just initial forecasts and we will have another round / status update from the weather forecasters a month down the line.
'We have delivered a bitter medicine. It will take time to work.'
'India has formed tremendous resilience and still a strong growth.'
As stringent sanctions imposed by the European Union and US are crippling business and trade, desperate Russian oil companies are offering huge discounts to India, provided a payment mechanism to bypass the SWIFT ban is quickly approved by the government. According to sources familiar with the development, Russian oil firms are offering 25-27 per cent discount to the dated Brent crude prices. State-run Rosneft is one the biggest oil companies that supply crude to India.
'When we look at the quality of our retail loan book, the non-performing asset percentage is low.'
A lot depends on how Srei shapes up under the new administrator and his team, which is critical for investors' interest.
Axis Bank's acquisition of Citibank's consumer finance business for Rs 12,325 crore - the second biggest deal in the Indian banking sector - is seen as a good deal at a good price. The acquisition enables Axis Bank to close the gap with competition in some key segments such as credit cards. At the same time, there are some key issues that are crucial for the deal's success, apart from the fact that it will take some time for Axis to reap the full harvest of its investment.
'Spends are likely to increase from the current levels because recovery is yet to fully be over.'
Since 2014, the public sector banks' branch network in rural and semi urban has grown by a mere 4,000 while for private sector banks, it doubled from 9,673 to 18,437.
Only when we are part of the same family, which will happen down the line, then, of course, we will give them (PMC depositors) all the assurance and the comfort.'
The Indian regulatory framework forced Citi to hibernate -- contrary to the claim that it never sleeps!
'People know if inflation is not within the tolerance band, then action will be taken so they do not expect inflation to rise above that.'
'Even if there is a third wave or a fourth wave, it is hard to see the economy will suffer like that (during the first wave).'
The change from wholesale to retail inflation as an anchor means that the weightage of diesel in inflation has decreased
Hyderabad-based Andhra Bank is aiming to get a significant proportion of the state government's business, to boost its share of low-cost deposits
Modi government has to come up with a robust economic agenda to impress the masses.
Deepak Parekh, chairman of Housing Development Finance Corporation (HDFC), India's largest mortgage lender, says the exuberance in industry about the new government is justified but big ideas articulated by the prime minister need speedy implementation.
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