West Bengal Chief Minister Mamata Banerjee said on Wednesday that violence and clashes were taking place in those areas where the BJP won the elections.
The Bihar result could be a flash in the pan but it has Nitish Kumar seriously worried. More so, because the loss represents a defeat for many of the reforms he was trying to introduce.
Finance Minister Nirmala Sitharaman's Rs 30,600 crore government guarantee for the bad bank has changed the body language of bankers for the better, observes Tamal Bandyopadhyay.
The account turned bad before Chaudhari took over as SBI chairman and the asset was sold to AARC following an open bidding process, months after Chaudhari retired, explains Tamal Bandyopadhyay.
West Bengal minister and veteran Trinamool Congress leader Sobhandeb Chattopadhyay is all set to vacate the Bhabanipur assembly seat on Friday as party supremo Mamata Banerjee is likely to contest bypoll from the constituency, party sources said.
If the earnings in the first quarter of the current financial year are an indication, most banks, particularly those majority-owned by the government, have fared well, reveals Tamal Bandyopadhyay.
The entire coastal region of Odisha has been experiencing rainfall since Friday night.
Kolkata's creme de la creme turned up at the launch of Bandhan, The Making of a Bank, but the evening nevertheless had an informal touch typical of the young bank with CMD Chandra Shekhar Ghosh personally welcoming the dignitaries, reports Indrani Roy/Rediff.com.
Nationalisation has served its purpose. It's time to move ahead, keeping majority ownership of the government in a few banks to serve the people, argues Tamal Bandyopadhyay.
'Even my chemist was shutting down by 8.30 on Thursday nights to catch the telecast.'
One smells a rat when cases are settled for too small a price offered either by the highest bidder or the promoter -- within and outside the legal ambit of insolvency process, observes Tamal Bandyopadhyay.
As many as 230 persons, including ex-Finance Secretary Ashok Chawla, former Corporate Affairs Secretary R Bandyopadhyay and other senior bureaucrats and eminent economists have lined up for the two high profile jobs at the country's anti-monopoly watchdog, Competition Commission of India (CCI).
As lobbying and counter-lobbying intensify, right now, it looks like a T20 match, discovers Tamal Bandyopadhyay.
There will be different ways of returning the money, depending on the profile of the depositors and the amount, predicts Tamal Bandyopadhyay.
Why are investors gung-ho about State Bank? asks Tamal Bandyopadhyay.
'The company's transition from an individuals-driven private firm to a board-driven listed public one will be carried out in a well-thought-through and well-executed manner.'
The standoff in Parliament over remarks of Sudip Bandyopadhyay and Mani Shankar Aiyar against Opposition ended on Wednesday with the Trinamool Congress member being reprimanded by Speaker and Aiyar expressing regrets.
Banks feel happy shifting their toxic assets from loan books to investment books while the ARCs enjoy the management fees with a smile, observes Tamal Bandyopadhyay.
The sale will be quicker if an Indian private bank buys it; it will take longer for regulatory clearances if a foreign bank or an NBFC buys it, points out Tamal Bandyopadhyay.
'Should the government be in the business of running banks?' 'Particularly when it does not have the fiscal strength to continuously infuse capital into such banks?'
The demand was made by the Nationalist Congress Party, the Trinamool Congress and the Dravida Munnetra Kazhagam.
Of the three major Budget announcements related to the banking sector, privatisation of PSBs is the most audacious, says Tamal Bandyopadhyay.
The home ministry said the West Bengal government is not cooperating with the central teams visiting the state to assess the ground situation and are specifically restraining them from interacting with health workers and touring the affected areas.
Not all public sector banks are back in the black, but their collective net profit for the year is Rs 32,346 crore against a Rs 9,013 crore loss in the previous year, points out Tamal Bandyopadhyay.
How much will the banks' bad assets grow in March? It could be anywhere between Rs 1.2 trillion and Rs 2 trillion, observes Tamal Bandyopadhyay.
The MPs went right up to the entrance of South Block, but were stopped at the first check point.
In the new decade, the scene will change because the banks till recently had been challenged by the fintechs, but the techfins have now entered the arena, observes Tamal Bandyopadhyay.
While taking gold out of the closet to borrow money is no longer taboo in Indian households, the sharp drop in gold prices is hitting the newest loan product on the banking turf hard, explains Tamal Bandyopadhyay.
Every political party loves to use the bait of loan waiver to woo the electorate. If their hearts bleed for the poor, they can always use the party funds to pay off the lenders, suggests Tamal Bandyopadhyay.
Trinamool Congress MPs accused the Modi government of having imposed a "super emergency" by launching the exercise and engaging in "vendetta politics" by arresting two party lawmakers after it opposed the "draconian" move.
'At the first board meeting I chaired, I sensed that corporate governance is an issue in this company.' 'I started taking steps that may have aggrieved a few.' 'This has now become a mission I intend to accomplish before I step down.'
What is killing the risk appetite of the bond buyers is the inconsistency in the central bank's approach. It needs to allow the yield to find its own level, gradually. To ensure that, the RBI may adopt a similar approach with which it handles a slipping rupee, asserts Tamal Bandyopadhyay.
For the first time, consumers, including those at the so-called bottom of the pyramid, are monetising gold by taking loans from banks, offering the yellow metal as collateral, says Tamal Bandyopadhyay.
We re-visit the location of Satyajit Ray's first masterpiece.
We re-visit the location of Satyajit Ray's first masterpiece.
Bankers need to take a call on whether they will allow technology firms to run banks or banks themselves will turn into tech firms, says Tamal Bandyopadhyay.
Union Home Secretary Ajay Kumar Bhalla may have a video conference with West Bengal's Chief Secretary Alapan Bandyopadhyay and Director General of Police Virendra on Friday evening after they conveyed their inability to travel to the national capital, officials said.
Historically, the RBI has tried to keep the crooks at bay by issuing a circular a day. What it needs is more onsite supervision. Merely checking high-frequency data with the help of technology is insufficient, notes Tamal Bandyopadhyay.
The Defence Minister said the government is committed to protect the sanctity of Parliament.
DDinesh Kumar Khara is someone who cares for others's ideas and suggestions.
If he takes the people along with him (which he always does); cares for the customers (80 per cent of SBI's new customers are in the 20-40 age group); and doesn't take his eyes off technology, his job is done, says Tamal Bandyopadhyay.
