It may be a 'no-go' for banking licences to large industrial houses.
Retired banker P Balagopala Kurup says one of the reasons he favours inflation targeting is that its first priority is to insulate the lesser fortunate citizens from adversity and in the process to ensure that the economy retains its inherent vibrancy and strength.
An astute advertising professional, he took Ogilvy & Mather India to the number one position after coming on board as managing director in 1994
'The business continuity clause will mean the Tatas will have to keep running the airline for three years, and cannot exit the flying business.'
Why do we need a bad bank, owned by the banks themselves when there are at least 28 ARCs around, asks Tamal Bandyopadhyay.
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KC Chakrabarty who was appointed as RBI deputy governor in 2009, is considered frank with his views.
'The CEO will neither be able to guide the senior team in operational matters nor decide on their appointment, compensation or removal.' 'Yet, the CEO is responsible for the profit and loss of the bank!' 'Why would the senior executives listen to him?' 'Which self-respecting professional would want to be a CEO with these constraints?' asks Tamal Bandyopadhyay.
Following the herd right now is exactly the wrong thing to do, say market historians and economists.
'There is no need to do anything, let your SIPs get deducted every month, and stick to your allocation between equity, fixed income and emergency funds and your risk covers.'
His finest years came when he served as deputy governor under C Rangarajan.
In the past few months, 45 companies have signalled their intent to raise money through the institutional placement route.
He insists England must forget who and where they are playing on Saturday and simply go out and prove again that that they are the best team in the world.
There will very little direct impact from the US Fed's rate hike this time, as we are well prepared both to handle liquidity, outflow of FII funds and managing our currency. But that doesn't mean India will be out of the woods anytime soon, says M V Subramanian.
Banks are also weighing the option of hiring experts for help in specialised areas.
Victor Menezes, former senior vice-chairman of Citigroup, who last month donated $3 million to IIT Bombay Heritage Fund, speaks about his alma mater.
There is not much bank employees can do, but some words of encouragement from the management would have helped. Stretched working hours and the tense atmosphere is taking a toll on their health.
'The most difficult thing in the world is to convince someone to put Rs 20 crore on your movie script.'
'The approach towards Mallya is not right because his unit could have been turned around earlier with additional funds from his side and the bank's side.'
Govt reconstitutes body, says will not interfere in senior PSB appointments
Rediff readers tell us how they spent their first salaries.
Kamath also served on the board of Infosys.
Woefully inadequate infrastructure is just one of the many reasons why a case is not settled within 180 days and even 270 days as envisaged by the law, says Tamal Bandyopadhyay.
It is difficult to say if the banking sector will see the worst behind it by March 2020, warns Tamal Bandyopadhyay.
Rajneesh Gupta checks out The Master's unknown records and milestones.
As NCLAT chair, lack of basic infrastructure remains Justice Mukhopadhaya's biggest challenge. The lack of permanent staff to take down orders in shorthand and later type them out for him to correct is just one among many. In cases where there are a number of intervening parties and applicants, the courtroom is often so jam-packed that even the senior advocates have failed to find place inside.
Chanda Kochhar, the high-profile ex-banker had on November 30 moved the Bombay high court challenging "termination" of her employment by ICICI Bank which also denied her remuneration and clawed back all the bonuses and stock options between April 2009 and March 2018 for her alleged role in granting out of turn loans worth Rs 3,250 crore to the Videocon Group which benefitted her husband Deepak Kochhar. A division Bench of justices Ranjit More and SP Tavade allowed her to implead RBI and directed the apex bank to file its reply by December 16.
Post graduate colleges are aggressively tying up with banks to introduce banking courses.
Bankers say it's a question of survival for debt-heavy companies.
'If there is any industry that is unfit for modern corporate form it is the diamond trade.' 'But no one was asking the right questions.' 'The music was playing and so the game was on,' says S Murlidharan, former MD, BNP Paribas.
'RBI was focusing on public sector banks perhaps thinking that private sector banks are managed efficiently while PSU banks are not.' 'Now, RBI has to focus on private sector banks too.'
According to ED sources Sunil Mehta said the fraud took place due to "systemic failure" and "procedural lapses", owing to lack of interface or proper links between the core banking software and the SWIFT interbank messaging system.
Mundra fills the vacancy created by the retirement of KC Chakrabarty in April, two months before his five-year tenure was come to an end.
The report concluded that she failed to discharge her fiduciary functions to rescue herself to avoid any conflict of interest.
Besides, public servants -- politicians, bureaucrats and bankers among others -- have also been given a 'shield' from prosecution in the legislation.
Goyal said he tried to buy out ColorPlus from Raymond a few years ago.
Barclays is not alone in trying to decide the best size and shape of its investment bank in a changed regulatory landscape.
Vishal Kampani has big shoes to fill as his father is close to the Ambanis, the Wadias and the Ruias, says Dev Chatterjee.
Governments that do not respect central banks' independence will sooner or later incur the wrath of the financial markets, ignite economic fires, and come to rue the day they undermined an important regulatory institution; their wiser counterparts who invest in central bank independence will enjoy lower costs of borrowing, the love of international investors, and longer life spans, said Acharya, who will return to the New York University's Stern Business School in August.
Experts interviewed CMDs of nine public sector banks on Friday and Kamath is believed to be in the reckoning
