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…
Category: Blog
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,…
Anatomy of a probe: Too many suspicious bank accounts not reported
Mumbai: The Reserve Bank of India (RBI) seems to have completed the first round of its investigation of Cobrapost’s allegations on three Indian private banks…
Banking may look up, but only marginally
For state-run banks that make up almost three-quarters of the Indian banking industry, fiscal 2013 was a nightmare, with most of them hit by a…