'The lockdown has been a great excuse to delay payments.'
The Reserve Bank of India, which is scheduled to review the monetary policy on October 30, should not do anything that might make the economic fundamentals of the country uncomfortable, former RBI governor Bimal Jalan said on Tuesday. The central bank is facing a tough task of keeping the economic growth going while keeping inflationary pressures under control.
Professor Yunus is the first Sakal Person of the Year.
'Like doctors, health workers, police, bankers are also COVID warriors,' notes Tamal Bandyopadhyay.
Ashok Leyland, ITD Cementation India have more than doubled.
There are perks for banking with the newest bank in India.
: iVolunteer Overseas is looking for volunteers in the professional areas of NGO management, Microfinance, Fundraising and IT training.
Venture capitalists Adam Wolfensohn and Ameya Bijoor tell Anjuli Bhargava about the kind of investments and companies they are looking to invest in.
Addressing a media conference in connection with its forthcoming public issue, V Vaidyanathan, head of retail banking, ICICI Bank, said that the the bank is poised to tap the opportunities available in these two sectors too.
'Steven MacQueen, who was working for the [Afghan] Ministry of Rural Development and Rehabilitation, was killed last night,' British embassy press officer Colin Ball said.
Lens on rural transactions. Only 38% of branches of scheduled commercial banks (SCBs) are in rural areas
Alert: Overseas volunteering fellowships
'In times of recovery, we may see a rural-urban divide with the urban pockets affected more by COVID-19, but the MFI business model should encourage banks to handhold them in this hour of crisis,' notes Tamal Bandyopadhyay.
Raghuram Rajan has appointed him as head of several committees soon after taking charge.
/We will stay away from corporate loans,' C S Ghosh, managing director and chief executive officer of Bandhan Bank, tells Namrata Acharya.
Even if Mudra steps in to play its main role of refinancing at some stage, the responsibility for the bad loans remains with the banks.
The Department of Post, Tech Mahindra, Videocon Group and stock exchange NSE have joined big corporates like Ambanis and Birlas to seek entry into banking business through newly created niche category of Payments and Small Finance Banks.
Like Indira Gandhi, even Narendra Modi seems to be relying on directing public-sector banks through ministry of finance supported by party cadres, says Debashis Basu.
Bukkapuram Nadella Yugandhar's 'formidable legacy will survive through a generation of civil servants whom he trained, nurtured, mentored and inspired with a rare combination of energy, enthusiasm and passion,' says former RBI govenor Dr Duvvuri Subbarao.
For the first time since 2001, promoter stake in BSE 500 decisively below 50%
'The RBI has not allowed any commercial bank to fail in the past three decades.' 'It has always played the role of a matchmaker, but this is the best deal it has stitched,' notes Tamal Bandyopadhyay.
'An entrepreneur should always remain under pressure or he will die,' Vineet Rai tells Anjuli Bhargava.
International Finance Corporation will put in $200 million and HDFC will contribute $600 million to create $800-mn corpus for affordable homes
However, despite the reduction, their interest rates would be about 50-100 basis points higher than those of banks
India has emerged as one of largest destinations in the world for investors keen to put their money into firms doing good. Nita Bhalla reports.
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.
Axis Bank Managing Director & Chief Executive Officer Shikha Sharma on the new mechanism for non-performing loans, the bank's loan portfolio, industry outlook and the bank's future plans.
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SBI will hold 30 per cent in RIL joint venture
Pushpal Shinde now earns some Rs 50,000 a month.
Multiple organisations of different kinds with overlapping goals would be a dream situation for those who believe in competition and innovation.
Enthused by India's financial inclusion drive, US-based Accion, one of the biggest micro finance organisations in the world, has renewed its focus in India. Michael Schlein, bottom, left, chief executive officer of Accicon, tells Namrata Acharya in an email interview the Wall Street and Silicon Valley are eager to participate in opportunities presented by the issuance of the small finance and payment bank licences, the expanded banking correspondent opportunities, and the Jan-Dhan Yojna.
After acquiring Grama Vidiyal Microfinance last year, IDFC Bank is looking for opportunities to strengthen its retail capabilities, says Rajiv Lall, its chief,
The Kabuliwalas of Kolkata, traditional moneylenders, have seen their numbers shrink.
India and Pakistan must reform their institutions of governance to accelerate economic growth on a sustained basis for poverty reduction, lawmakers and experts from both the countries attending a meeting in Dubai said notwithstanding the chill in bilateral ties.
the money involved is more than Rs 2,000 crore across Andhra Pradesh
One can expect significant changes at India's banks in ensuing months.
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