Privately, many bankers admit their immediate goal is not growth but slowing the erosion of Casa deposits, reveals Tamal Bandyopadhyay.
'If it doesn't, it will continue with measures to infuse liquidity, signalling a new cycle,' predicts Tamal Bandyopadhyay.
West Bengal Chief Minister Mamata Banerjee on Wednesday asserted that her administration will stand by Alapan Bandyopadhyay in the tussle with the central government which has seen the former chief secretary of the state being recalled to Delhi and later served a notice by the Union Home Ministry for allegedly violating the Disaster Management Act, by not attending a meeting called by the prime minister.
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 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.
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.
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.
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.
A home ministry official said the notice was served on Bandyopadhyay hours before his retirement on Monday for refusing to comply with the Central government direction, which he said constituted a violation of section 51-B of the Disaster Management Act, 2005.
Bandyopadhyay had approached the high court in February seeking regular bail on health grounds.
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.
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.
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.
Another TMC MP Tapas Pal has been sent to judicial custody after six days in CBI custody.
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 three senior officials of the RG Kar Medical College and Hospital (RGKMCH) were transferred to various state-run health facilities.
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 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.
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 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.
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.
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.
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 peek into the life of a public-sector banker who did well professionally, but paid a price for it, points out Tamal Bandyopadhyay.
Prime Minister Narendra Modi on Monday took oath as member of the 18th Lok Sabha.
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'.
'Whether I am optimistic or pessimistic is not the issue; I am just going by the evidence available.' 'The Indian economy and financial sector are now well-placed and very resilient in dealing with any kind of spillover coming from the external world.'
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'.
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.
The row over the appointment of Bharatiya Janata Party leader and seven-term member Bhartruhari Mahtab as the pro-tem speaker is likely to cast a shadow over the session.
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.
The home loan top-up, a kind of secured multipurpose personal loan, is on the regulator's radar, points out Tamal Bandyopadhyay.
In a setback for the ruling Trinamool Congress in West Bengal, the exit polls on Saturday predicted that the Bharatiya Janata Party will move ahead of Mamata Banerjee's party in the Lok Sabha elections in the state.
According to the cause list of August 20 uploaded on the apex court website, a bench comprising Chief Justice DY Chandrachud and Justices JB Pardiwala and Manoj Misra is scheduled to hear on Tuesday.
Why is the RBI harsh on Paytm Payments Bank? Why did it give Rana Kapoor of Yes Bank Ltd such a long rope?Often, it's a long investigation process, but the RBI doesn't discuss this openly since that can threaten financial sector stability, explains Tamal Bandyopadhyay.
Here's the full list of 49 MPs suspended from Lok Sabha:
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