'In their over-enthusiasm to clean up the system, both the banks and the regulator should not forget that the key to the insolvency law is revival of companies -- recovery of bank dues is an offshoot of that,' points out Tamal Bandyopadhyay.
'Clearly, the depositors of cooperative banks need the maximum protection.'
Central banking is a science, not an art, Tamal Bandyopadhyay tells RBI Governor Shaktikanta Das.
None of the four benchmarks suggested by the RBI is ideal as banks in India create loan assets from their deposits and not borrowing from the regulator or market, says Tamal Bandyopadhyay.
If indeed we want the board to manage the RBI, probably the government should take a close look at the US Federal Reserve system which has a two-part structure - a central authority in Washington, DC, and a decentralised network of 12 Federal Reserve Banks located throughout the country, says Tamal Bandyopadhyay.
While most brokers have upgraded their backend systems to trade, their front-end systems have not been upgraded. They are not compliant with Sebi's interop circular of November 2018 and no one seems to be either aware of this, nor has anything been done about it so far, explains Debashis Basu.
The western world had largely considered India to be a production hub, and also, a good potential geography for clinical trials, and a big market. But in Covid-19 research, Indian companies and government researchers are also researching new drug candidates and potential vaccines, says Prosenjit Datta.
Are the big five using their dominance to shut out rivals? That is the key question, says Prosenjit Datta.
One of Indian TV's most famous faces tells Kanika Datta why and how she hopes to reinvent herself in the uncharted territories of multimedia and think tanks
While IDBI Bank's 140 million customers and 1800-odd branches will come in handy for LIC to hawk insurance, the bank can use LIC's massive agent network to sell its retail loans. But if it is run the same way it had been in the past and LIC is a proxy of the government, then it has no future, says Tamal Bandyopadhyay.
Olga Tellis, a legend in Indian journalism, completes 50 years as a reporter this year. A no-nonsense journalist whom politicians and officialdom took on at their peril, Ms Tellis has always been known as a hard-as-nails scribe who would ferret out the truth at any cost.
Malavika Sangghvi gives us fascinating glimpses from Dilip Kumar's life.
'Learning to learn should be given more importance than what is actually being learnt,' recommends Zaki Ansari.
The evolving RBI-government relationship, a reversal in the interest rate cycle and return to profitability will dominate bankers' conversation this year, says Tamal Bandyopadhyay.
The RBI wants to include shares and options within the variable salary of the CEOs, proposed to be capped at 200 per cent of their fixed salary; the floor for it is 50 per cent.
The origin of the challenge is the so-called "fresh start" process. Many in the MFI industry apprehend that such a law in India will encourage small unsecured borrowers to default and destroy the credit culture. So, while'Fresh start' is a welcome step as it will free up the debtors from the archaic laws of the colonial era, debtors need handholding and counselling to prevent any misuse, says Tamal Bandyopadhyay.
The choice clearly is between prompt corrective action and slow but sure destruction, says Tamal Bandyopadhyay.
'An ardent advocate of nuclear disarmament, Obama may even be secretly heaving a sigh of relief that the NSG is unlikely to reach unanimity of opinion on India's candidature,' says Ambassador M K Bhadrakumar.
'We are a young nation. But I wanted to explore the conflict between the young and the old.' 'The cynicism of people who have lived it versus the optimism and naivete of the young.'
In the digital handheld domain, content is not just a uni-dimensional exercise like it is in legacy media.
A Molotov cocktail of lies, abuse and bigotry is blowing up social media.
A historical context would underline the same point.
At a time when the BJP is facing a perception battle, is Sambit Patra, its national spokesperson, helping the party's image?
Saikia was charged by CBI for allegedly violating OSA.
It was Soni Somarajan's biggest dream -- to see himself as a proud member of the Indian Armed Forces. When Life brutally shattered that dream, he wove a new one.
'This confrontation could have been avoided by a less arrogant administration that initially listened, used whatever negotiating skills they had and tried to be more credible,' observes Ramesh Menon.
'Hindi-Chini Bhai Bhai? Don't you believe it. I don't trust the Chinese one bit,' Nehru told Gopalaswamy Parthasarathi before he traveled to China as India's ambassador. Asking GP to be ever vigilant, Nehru advised the diplomat to send telegrams on important matters only to him. Many such anecdotes from a long and eventful career as diplomat and bureaucrat crowd the pages of GP: 1912-1995, discovers Uttaran Das Gupta.
More Indians are watching films across screens, TV, online and other platforms than ever before. Whether it is by tackling costs, processes or revenues, the trick is to find a way of making money from all of them, says Vanita Kohli-Khandekar.
'In today's India very few would, of course, stand Basavanna's test. This led Professor Kalburgi to not only take on casteist and conservative forces in general, but also some powerful conservatives among Lingayats.' 'Conservatives found him polarising and some researchers disagreed with his speculations while admiring his scholarship, but he posited that culture studies and historians have to perforce join the dots, speculate, interpret, interpolate, extrapolate and take leaps to make progress even if some of them later turn out to be wrong.' Shivanand Kanavi salutes Professor M M Kalburgi, the scholar who was assassinated in Dharwad on Sunday, August 30.
Mudra Bank will be a Rs 20,000-crore institution, which would "primarily be responsible for refinancing all micro-finance institutions.
Online learning platforms have become go-to places for those suffocated by the current curbs on movement.
DD Kisan in the past year has clocked an average direct viewership of 500,000 to 10 million.
Airline now financially more stable but still in the doldrums as the operating environment remains tough.
'We must all commit to sharing less nonsense and quarrelling less on social media.' 'We could use that time instead to meeting and speaking to our friends and family instead of 'liking' their posts.' 'Zuckerberg will be the poorer for that, but our lives will be so much richer,' says Rahul Jacob.
In an online chat with readers, Prof Ujjwal Chowdhary from Edutainment offered tips on pursuing a career in media, design and communication.
Dr Raghuram Rajan's departure holds lessons for all, be it sections of the media, politicians or the people themselves. We need to learn how to value and retain talent. At the same time the talented must realise that talent alone does not ensure the top job, says Sanjeev Nayyar.
In an online chat with readers overseas consultant NNS Chandra offered advice.
November 12 marks 25 years of the beginning of the World Wide Web. Shivanand Kanavi gives us the story of how it all began.
Rediff.com gives you a look at newbies in the Council of Ministers
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances