Beena Parmar

Rajan’s payments plan set to get delayed, launch likely only in Sept

Even as banks brace for the eventual exit of Reserve Bank of India governor Raghuram Rajan in September, they are also busy filling in the Unified Payments Interface (UPI), the July 15 launch of which may get delayed due to unfinished technicalities.

Since Manmohan opened up economy, Rajan second RBI guv to get single term

RBI governor Raghuram Rajan’s decision to not pursue a second term, despite his growing popularity and his own admission of an incomplete agenda, has turned the spotlight on the top job at India’s central bank.

Raghuram Rajan, the sheriff of Mint Road, walks into the sunset

Raghuram Rajan’s masterstroke three years ago brought in about $34 billion via the FCNR route, and helped India build a war chest to stem future shocks to the rupee. The country now has a record $363.5 billion in forex reserves, with the week through to June 3 adding the maximum: $3.3 billion.

Inflation warrior’s departure comes at a bad time: Industry

Rajan stumps all, not to seek RBI second innings

Governor Rajan decides to leave

He is Raghuram Rajan: Here is what he did for India

Reserve Bank of India governor Raghuram Rajan said on Saturday he won’t seek a second term and return to academia when his current tenure expires on September 4, ending months of speculation amid reports of tension with the government.

SBI’s merger: Unions cry foul, will discuss impact today

Stressed-assets rejig scheme: Banks will find it hard to sell debt

Lenders bank on green bonds to fund projects

With the growing need to support clean energy projects amid climate change talks, banks are looking at green bonds as an attractive source of funding.

IDBI to auction trademarks of Deccan Chronicle Holdings

‘Guv only sets direction... Individuals come and go, but institution remains’

Companies also upbeat, say finance services will be key to success

HT Interview| Individuals come and go, but institution remains: RBI guv Rajan

With the government going ahead with the idea of creating a bad bank, Reserve Bank governor Raghuram Rajan on Tuesday made his concerns clear on the ownership of such a vehicle to tide over the bad loan menace, saying the lenders should hold a minority stake in any stressed assets fund.

Inflation set to halt Rajan’s rate-cut train

Inflation set to halt Rajan’s rate-cut train

Non-banking firms eye ATM push for growth

Bad loans turn worse, failed exits of firms hit corporate debt recasts

ICICI bank to extend work-from-home facility to men

RBI’s Rajan warns against effects of China’s slowdown

Reserve Bank of India governor Raghuram Rajan has warned that a ‘sharp’ slowdown in China’s growth posed a threat to the global and SAARC economy, highlighting possible impact from the shadow banking system of its neighbour

Payments banks not ‘paying’ enough?

Indian banks slow to process loans, says FIS survey

Bad loan-hit PSU banks fast track sale of non-core assets

Pushed against the wall due to rising bad loans, higher provisioning and financial losses, some public sector banks (PSBS) are speeding up plans to sell non-core assets.

Unions of SBI associates plan more strikes against merger plan

After Friday’s bank strike, the employees’ union of State Bank of India’s subsidiaries plan to go for a second strike on June 7 and a third on July 28 against the proposed merger with the parent bank.

SBI employees strike work, threaten more stir

After Friday’s bank strike, the employees union of State Bank of India’s subsidiaries plan to go for a second strike on June 7 and a third on July 28 against the proposed merger of SBI subsidiaries with the parent bank.

‘No job losses from SBI’s merger with associates’

SBI stirred the hornet’s nest when it announced late Tuesday that its board has discussed a proposal to merge 5 associate banks with itself. Fears of job cuts and an unwieldy wage and pension bill were thrown up as reasons the merger wont work. SBI managing director and group executive (associates and subsidiaries) V G Kannan played down the concerns, clearly stipulating that there will be no job losses.

Legal infrastructure key to bankruptcy law’s home run

Even as the Bankruptcy Bill, India’s own Chapter Eleven, has been approved by both Houses of the Parliament, it is still early for banks to hope for a faster settlement of the bad-loan mess, since supporting infrastructure will be key to the implementation of the new legislation.

BoB CEO to tackle huge net loss with long-term view

Bank of Baroda (BoB), India’s second-biggest bank by assets, which reported a huge net loss of Rs 3,230 crore in the January-March quarter, expects a turnaround in the current fiscal with higher recoveries and lower bad loans, backed by a no-soft-option approach scripted by CEO PS Jayakumar and the senior management. With a rise in provisions towards pension and other liabilities, and gross bad loans of Rs 40,500 crore in the fourth quarter, Jayakumar is looking to decentralise systems and compliances.

Will not lose anything more in battle with Mallya: Banks

After taking over Kingfisher Villa, Vijay Mallya’s grand house in Goa, a consortium of banks led by State Bank of India (SBI), is now prepared to take all legal recourse to recover every penny from the embattled billionaire.

Education loans: Private players troop in where banks fear to tread

Employability the criterion as music, physiotherapy, event management find backers as moneybags move in