The banking community is closely watching the Bharatiya Janata Party’s (BJP’s) stance on privatization. A conservative estimate of the capital requirement of India’s banks is…
WPI inflation at 9-month low, but irrelevant from RBI policy perspective
The February wholesale price inflation (WPI) figure has dropped to 4.68% from 5.05% in January. It is much below the consensus estimate of 4.9% and…
Is Sahara India’s Swiss bank?
The Supreme Court on Friday rejected the Sahara group’s proposal to repay money to its bond investors, and directed it to submit a fresh plan…
What next for Sahara’s Subrata Roy?
Mumbai: On 20 June 2008, three days after India’s banking regulator released its directions for shutting down Sahara India Finance Corp. Ltd (SIFCL), Sahara India…
What ails State Bank of India?
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…
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…