Mumbai: Rarely does a central bank feel happy when its prediction goes wrong, but the latest release of wholesale price inflation data, on 15 April,…
Month: April 2013
BANKER’S TRUST REALTIME | Cleaning up Saradha Group’s mess
Nobody knows who the smoking community in West Bengal is blaming more—chief minister Mamata Banerjee or Sudipta Sen, chairman and managing director of the Saradha…
BANKER’S TRUST REALTIME | How Saradha Group went belly up
West Bengal chief minister Mamata Banerjee said on Monday, “What has gone, has gone,” dashing the hopes of thousands of depositors who are on the…
BANKER’S TRUST REALTIME | Four lessons from Sebi-Sahara spat
India’s apex court has once again expressed its unhappiness with Subrata Roy’s Sahara India Pariwar, a Lucknow-based conglomerate that has at least 4,100 establishments in…
Why more banks should come up, soon
At least a dozen Indian companies have been working overtime on their strategies to enter the banking sector which Reserve Bank of India (RBI) is…
BANKER’S TRUST REALTIME | Rate cut in May for sure, but how much?
India’s wholesale price inflation dropped to 5.96% in March from 6.84% in February, at least 30 basis points (bps) below market estimates, fuelling widespread expectations…
Wilful defaulter: Who will bell the cat?
India’s finance minister P. Chidambaram wants banks to chase affluent promoters of sick companies who have a high-flying lifestyle and yet aren’t willing to clear…
BANKER’S TRUST REALTIME | P. Chidambaram means business
Finance minister P. Chidambaram means business. On Monday, after holding a three-hour meeting with senior bankers and corporate chiefs at Taj Mahal Hotel in Mumbai,…