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Somasroy Chakraborty Banks

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Will the rupee remain steady?

Some say the rupee has already started to trade with a weaker undertone, recognising the sharp rise in the US dollar index, which touched a 52-month high of 86.746 on October 3 after the data......

Can public sectors banks clean up the rot within?

Bogged down by inefficient boards, public sector banks have got mired in mounting bad loans and rising corruption, notes Somasroy Chakraborty. On July 22, Sudhir Kumar Jain -- the now suspended......

What helped Bandhan get the banking licence?

Bankers and industry analysts are almost certain that Bandhan’s presence at rural centres of eastern and northeastern states influenced RBI’s decision of giving it a banking licence,......

Muted growth likely for banks

Asset quality erosion, fresh loan restructuring and unprovided mark-to-market losses (revaluing assets at current prices) are again expected to muffle the growth in quarterly profit, notes Somasroy......

Foreign banks wait for norms on fully-owned subsidiaries

Despite the promise of 'near-national treatment' from the Reserve Bank of India, foreign banks in India are unsure of forming subsidiaries in Kolkata. The central bank’s statement on......

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