For the past one year, the State Bank of India (SBI) has been showing a drop in both operating as well as net profits in…
Category: Blog
Arundhati Bhattacharya | Cracking a male bastion
Arundhati Bhattacharya, 57, the first woman boss in State Bank of India’s (SBI’s) 208-year history, calls herself chairman of the bank—not chairperson. Immediately after moving…
A tale of two banks: United Bank far better off than Indian Bank
Many in the banking industry feel the Kolkata-based United Bank of India cannot survive on its own and must be merged with another bank. Some…
A schizophrenic financial sector?
An increasing number of foreign investors have started believing that Indian financial sector is suffering from schizophrenia. Things are pretty good in Asia’s third largest…
Is Archana Bhargava a victim of internal politics or a martyr?
Nobody in the banking industry knows the answer—not even the employees of United Bank of India where she was the chairperson and managing director. Archana…
The capital problem of Indian banks
United Bank of India will not be able to expand its loan book till fresh capital is infused as its capital adequacy ratio has dropped…
Head to Ahmedabad to exchange pre-2005 notes
Do you have too many currency notes stuffed in your mattress that were issued before 2005 and would not like to reveal your identity while…
Finmin seeks interim payment from RBI to contain fiscal deficit
Mumbai: The finance ministry is negotiating with the Reserve Bank of India (RBI) for an interim payment or transfer of surplus of the Indian central…