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.
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The Reserve Bank is scheduled to unveil its first quarter review of the monetary policy on July 30.
A quiz on women who have made it big in the corporate world.
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.
Top business leaders to raise issues on investment, trade and the rupee
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.
They are sceptical about execution of recent reforms govt has announced.
After corporates and youth, it was the turn of woman power that Gujarat Chief Minister Narendra Modi on Monday sought to woo in his bid to reach out to audiences nationwide in a speech that also had digs at Rahul Gandhi and the woman Governor in his state.
India Inc on Tuesday welcomed the 0.25 per cent interest rate cut by the Reserve Bank saying it would help revive confidence of industry and hoped for further cuts in the coming days.
Interview with first woman president of the Ficci country head of HSBC India.
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.
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.
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.
The new Congress-led UPA government must lay greater emphasis on speeding up projects connected with infrastructure, port, power, education and health, a leading Indian banker has said.
Union Finance Minister P Chidambaram regretted that there has been stiff resistance from certain quarters over the reservation bill, which would ensure 33 per cent seats for women in Parliament and legislatures. Chidambaram said this while releasing the book Karmic Divas -- stories of eight powerful and wealthy women written by Prerna Kaul Misra and printed by Vitasta publications.
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.
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.
The Hongkong and Shanghai Banking Corporation Ltd on Thursday announced several top-level executive moves and new assignments for its India operations.
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.
Vidya Chhabria and Naina Lal Kidwai are the two Indians picked by Fortune magazine in its World's top 50 corporate women.
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.
Two Indian women are among the world's top 50 businesswomen announced by the Wall Street Journal on Monday.
India Inc on Friday said Prime Minister Manmohan Singh's assertion that the government will not impose capital controls, although reassuring to investors, must be supplemented with tough reform measures.
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.
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.
Amidst bankers and industry crying foul over RBI's move to squeeze liquidity, Reserve Bank Governor D Subbarao on Friday met Finance Minister P Chidambaram ahead of first quarter policy review next week.
Hailing the announcement of Raghuram G Rajan as the new RBI Governor, India Inc on Tuesday said the appointment of the former IMF Chief Economist will help bring the economy back on growth path.
In order to boost growth amid some softening of inflation, RBI earlier this month cut the key interest rate by 0.25 per cent. It is scheduled to announce its mid-quarter policy review on June 17.
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.
ICICI's Chanda Kochhar, ranked highest among Indian women, has been ranked second across the region
Welcoming the passage of Lokpal Bill in the Rajya Sabha, India Inc said that once enacted it will help weed out corruption, boost investor confidence and expedite the decision making process.
The report found that only 20 per cent of companies supported programmes that aimed to change the behaviour of individuals despite its critical role in eliminating open defecation.
Governing council to meet on Friday to decide his fate afresh
The status quo decision came as a breather as only last week the RBI had pulled up banks for not helping it in monetary policy transmission.
Expressing disappointment over the contraction in industrial growth in October, India Inc has appealed to the Reserve Bank to cut interest rates to revive the manufacturing sector and ameliorate investments.
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