'Vigilance' is a dreaded term for PSB employees and there are instances where this fear is misused by the higher authorities to tame their subordinate officials. This fear always deters PSB executives from making decisions -- the fewer the decisions, the less the chance of falling into trouble, points out Tamal Bandyopadhyay.
Interacting with reporters in Kolkata, the Trinamool national general secretary reiterated that his party stood with the government in matters of national interest, combating cross-border terrorism, and safeguarding sovereignty.
The government clarified in the Lok Sabha on Tuesday that it stood for equal respect for all faiths and that the PM did in fact wish Muslims on Eid.
Eminent business journalist and author Tamal Bandyopadhyay will discuss these issues with rediff.com readers during a live chat on Tuesday, July 15 between noon and 1 pm.
While a giant, it's a nimble-footed one, and is growing at a speed that even some of its private sector peers find enviable.
Between FY18 and FY24, it doubled its balance sheet. Despite being a late entrant in some segments, it has been able to grab market share, observes Tamal Bandyopadhyay.
Net NPAs increased to Rs 36,260 crore in the December quarter from Rs 34,843 crore in September and Rs 33,116 crore in December 2023, observes Tamal Bandyopadhyay.
The diplomatic exercise aimed at presenting India's stance against Pakistan on terror comes in the wake of Operation Sindoor -- the Indian offensive against terror camps in Pakistan and Pakistan-occupied Kashmir following the April 22 terror attack in Pahalgam in which 26 people, mostly tourists, were killed.
India's Parliament is set to begin its Budget session on Friday, with opposition parties poised to demand a discussion on the alleged mismanagement of the Maha Kumbh festival in Prayagraj, where 30 pilgrims died in a stampede. The opposition also accused the government of politicising parliamentary committees and pushing its agenda through its majority. The session will start with President Droupadi Murmu addressing both houses of Parliament. Finance Minister Nirmala Sitharaman will present the Union Budget on Saturday for the eighth consecutive time.
The government will send seven all-party delegations to key partner countries, including members of the United Nations Security Council, later this month to convey India's message of zero tolerance against terrorism following the Pahalgam terror attack and Operation Sindoor.
Defence Minister Rajnath Singh told an all-party meeting that at least 100 terrorists were killed in the Indian strikes on terror sites in Pakistan and Pakistan-occupied Kashmir under 'Operation Sindoor'. Leaders from various parties showed maturity and extended all support to the government and armed forces.
Bandyopadhyay, eminent playwright and director, said in a statement that he is returning the award conferred on him earlier this year by the Paschimbanga Natya Akademi and the Rs 30,000 monetary grant.
'If it doesn't, it will continue with measures to infuse liquidity, signalling a new cycle,' predicts Tamal Bandyopadhyay.
In 2023-2024, 95 scheduled commercial banks received over 10 million complaints from their customers. The process of KYC at many banks has become 'HYC' -- harass your customer, points out Tamal Bandyopadhyay.
Rijiju's meeting with Bandyopadhyay came against the backdrop of the Opposition alliance's decision to pull out its members from the panel of chairpersons that will assist Mahtab in conducting the proceedings of the Lok Sabha till the election of the Speaker on Wednesday.
After West Bengal Governor C V Ananda Bose refused to concede to their request that their swearing-in be held in the assembly, two newly elected Trinamool Congress legislators held a protest on Wednesday on the assembly premises.
Privately, many bankers admit their immediate goal is not growth but slowing the erosion of Casa deposits, reveals Tamal Bandyopadhyay.
The number of cyberfraud cases has skyrocketed from 2,677 in 1999-2000 to 29,082 in FY24 -- more than a 10-fold increase. The RBI pegs digital payment frauds at Rs 1,457 crore in FY24, up more than five times in a year. It's not just the number of frauds. What's alarming is the growing sophistication of the fraudsters, exposing the vulnerabilities within the financial system, observes Tamal Bandyopadhyay.
The bank made a Rs 67 crore net profit, up 21% from the previous year. Its deposits grew 8%, the loan book 10%. Net bad loans dropped from 7.53% to 6.07%. So why was the banker, who headed the bank, not promoted?
The RBI has changed the way it approached supervision in the past. Having seen a couple of collapses in the NBFC sector and the near-collapse of a few banks, it is focusing on regular drills to prevent a fire from breaking out, explains Tamal Bandyopadhyay.
Bandyopadhyay, eminent playwright and director, said in a statement that he is returning the award conferred on him earlier this year by the Paschimbanga Natya Akademi and the Rs 30,000 monetary grant.
A woman was stabbed to death in Kolkata after being chased and allegedly stabbed multiple times outside a popular eatery by three people, including a minor. Police suspect the attack was an honor killing, as the victim was reportedly having an extramarital affair with one of the suspects. The three suspects have been arrested.
The RBI is fully aware that the high-cost loans and high indebtedness of the borrowers could pose financial stability risks, if not addressed by these NBFCs. Governor Shaktikanta Das has issued a stern warning, saying the RBI is closely monitoring these areas and will not hesitate to take appropriate action, if necessary, if the culprits don't opt for self-correction. Watch out for some action, soon, notes Tamal Bandyopadhyay.
Amid the ongoing impasse over the swearing-in of two newly elected Trinamool Congress MLAs, Speaker Biman Banerjee on Thursday summoned a special session of the West Bengal Assembly and asserted that the functioning of the House is not solely dependent on the Governor.
The three senior officials of the RG Kar Medical College and Hospital (RGKMCH) were transferred to various state-run health facilities.
Several opposition parties have claimed that the mandate of 2024 Lok Sabha elections was against the ruling haratiya Janata Party, even though it was able to form the government with support of other parties.
Opposition leaders nominated to the panel of chairpersons to assist the pro tem Speaker are considering not accepting the positions, a source said on Saturday.
The roadshow in Dum Dum Lok Sabha constituency was held in support of the TMC's veteran leader and candidate Saugata Roy, who is seeking a fourth consecutive term from the seat.
A day after stating that West Bengal Chief Minister Mamata Banerjee had a fall at her Kalighat residence 'due to some push from behind' leading to injuries on forehead and nose, state-run SSKM Hospital director Manimoy Bandyopadhyay on Friday clarified that all he meant was that the CM may have felt 'a sensation of push'.
The cost of deposits is on the rise, but banks can't raise interest rate on close to 60% of their loan books, points out Tamal Bandyopadhyay.
The Bangladesh Assistant High Commission in Tripura's capital Agartala on Tuesday announced the suspension of all visa and consular services with immediate effect until further notice because of 'security reasons', a day after the mission's premises was breached by a group of people protesting against the arrest of Hindu monk Chinmoy Krishna Das in Dhaka.
The anti-corruption unit of the Central Bureau of Investigation also searched the residences and offices of those engaged in supplying materials for the management and care of patients.
West Bengal Chief Minister Mamata Banerjee on Monday said Narendra Modi should be referred to as a Bharatiya Janata Party leader and not as the prime minister in the saffron party's campaign as he is a 'caretaker PM'.
Prime Minister Narendra Modi on Monday took oath as member of the 18th Lok Sabha.
A peek into the life of a public-sector banker who did well professionally, but paid a price for it, points out Tamal Bandyopadhyay.
Finance Minister Nirmala Sitharaman will present the Union Budget on Tuesday as the Monsoon Session of Parliament gets underway next week with the united opposition set to corner the National Democratic Alliance government on issues ranging from the NEET paper leak case and railway safety.
The Congress accused the BJP-led government of "destroying parliamentary norms" by ignoring the claim of Suresh, a eight-term Lok Sabha member, to the post of the pro-tem Speaker.
Postings to places at an altitude above 1,000 metres but less than 1,500 metres, between 1,500 and 3,000 metres, and above 3,000 metres entail different rates of allowances -- the higher the location, the bigger the allowance, reveals Tamal Bandyopadhyay.
Of the eight RBI governors who have held office since the 1991 economic liberalisation, Bimal Jalan had the longest stint and S Venkitaramanan, the shortest. Current Governor Shaktikanta Das will overtake Bimal Jalan before completing his second term in December, points out Tamal Bandyopadhyay.
Here's the full list of 49 MPs suspended from Lok Sabha:
The home loan top-up, a kind of secured multipurpose personal loan, is on the regulator's radar, points out Tamal Bandyopadhyay.
