Days after RBI tightened liquidity to check rupee fall, HSBC country head and Ficci president Naina Lal Kidwai said the move was bad for industry as it would eventually lead to hike in interest rate.
.jpg)
The Reserve Bank is scheduled to unveil its first quarter review of the monetary policy on July 30.
Well known banker Naina Lal Kidwai has been appointed as the country head of HSBC group companies in India. Kidwai will assume the chairmanship of HSBC India operations and the appointment is effective from April 15, an HSBC statement said.
Two Indian women are among the world's top 50 businesswomen announced by the Wall Street Journal on Monday.
Naina Lal Kidwai, Country Head, HSBC India and the first Indian woman to have graduated from the Harvard Business School, in 1982 speaks about the importance of hard work, women in IIM classrooms and more.
They are sceptical about execution of recent reforms govt has announced.
She is also a recipient of the country's prestigious civilian award Padma Shri for her contribution to trade and industry.
Indians want to have a little more clarity and certainty before they invest, says Naina Lal Kidwai, Executive Director, HSBC Limited and Country Head, HSBC India.
The Hongkong and Shanghai Banking Corporation Ltd on Thursday announced several top-level executive moves and new assignments for its India operations.
Interview with first woman president of the Ficci country head of HSBC India.
Though fiscal deficit is a concern, the country needed spending to boost the economy hit by financial crisis, she said. Going by the bank's research, Kidwai said India is likely to grow at 8 per cent in next fiscal 2010-11.
Three Indian women -- ICICI Bank deputy managing director Chanda Kochhar, HSBC India CEO Naina Lal Kidwai and Biocon head Kiran Mazumdar-Shaw -- have been named among the world's 50 most powerful businesswomen by the Fortune magazine.
While public sector banks have managed to maintain a growth of over 25 per cent during the year up to February, private and foreign banks have seen their growth in loan books shrink to single-digit rates on a year-on-year basis, as against over 20 per cent at the end of September, when the credit crisis intensified.
Naina Lal Kidwai, group general manager and country head for HSBC India, does not seem to be too perturbed about the slowdown or the rising delinquency levels.
A magistrate court here has summoned the CEO of HSBC India and others to appear before it after finding that the MNC bank had "forged" documents to wriggle out of a case relating to termination of an employee.
In its third quarter review of monetary policy, the RBI in January raised the key repo rate by 0.25 per cent to 8 per cent in a bid to curb inflation.
In the mid-quarter monetary policy review last month, RBI Governor Raghuram Rajan had left the key policy rate unchanged, after raising it 50 bps in two instalments since he took over on September 4, saying he was waiting for more data clarity.
ICICI's Chanda Kochhar, ranked highest among Indian women, has been ranked second across the region
The woman who had accused environmentalist R K Pachauri of sexual harassment, on Tuesday tore into TERI, saying the "shameful" decision of appointing him as executive vice-chairman of the green body made her "flesh crawl", and resolved to take the case to a logical conclusion.
The 57-year-old Bhattacharya, front-runner for the post on account of years of service left, was managing director and chief financial officer of the bank prior to her elevation.
.jpg)
Business leaders met Manmohan Singh to discuss the problems facing the country.
Industry asked the government to be 'brave and bold' and said that it will rise to the occasion.
It will take over large non-performing assets of banks and help in revive companies ridden with bad debts.
RBI Governor has been under pressure from Finance Ministry.
Currently, foreign lenders are present in India only through branches or representative offices.
Those scheduled to attend the five-day WEF Annual meeting, beginning January 21, include more than 40 heads of state or government, including those from the UK, Australia, Japan, Iran, Israel, Pakistan, Brazil, Italy, Mauritius, Republic of Korea and Switzerland, WEF announced on Wednesday at a press conference in Geneva.
Women are opting out of high-flying career due to family responsibilities, says a study.
Sudha Menon, author of the recently released Devi, Diva Or She-Devil: The Smart Career Woman's Survival Guide, tells women how to get their due at work.
Over Dosas in Mumbai, Oscar winner Megan Mylan tells Vaihayasi Pande Daniel why she chose India and girls empowerment as the subject of her new documentary.
