Mahua Venkatesh has been in the field for about 20 years now. She writes on economy, banking and finance.
Articles by Mahua Venkatesh
FM, PSU bankers meet today
Finance minister Pranab Mukherjee will look into trends in banking sector. The minister, who is meeting chief executives of public sector banks is likely to ask banks to reduce rates on home, personal and auto portfolios, reports Mahua Venkatesh.
Updated on Feb 01, 2009 09:32 PM IST
Hindustan Times | Mahua Venkatesh, New Delhi
PSU bank chiefs set to get performance-linked bonuses
Amid pay cuts across the private sector, chairmen of public sector banks are all set to get performance-based bonuses for achieving their targets in 2008-09, reports Mahua Venkatesh.
Updated on Jan 30, 2009 08:51 PM IST
Hindustan Times | Mahua Venkatesh, New Delhi
Additional auditor for listed firms
The government is likely to examine a proposal to mandate listed companies to appoint more than one audit firm in the wake of the Satyam accounting fraud, reports Mahua Venkatesh.
Updated on Jan 31, 2009 09:38 AM IST
Hindustan Times | Mahua Venkatesh, New Delhi
Pvt sector banks lag PSUs in lending
Credit flows for public sector banks have increased to 29 % over the last one year from 20 % growth registered in 2007-08, even as the banking industry faced severe liquidity crunch until a couple of months ago.
Updated on Jan 30, 2009 10:48 AM IST
Hindustan Times | Mahua Venkatesh, New Delhi
Plot thickens in Satyam
Auditing norms in the country are set for a comprehensive overhaul as regulators, Govt and corporations launch major initiatives to raise standards in wake of the alleged Rs 7,000-crore fraud at Satyam Computer Services, reports Mahua Venkatesh.
Updated on Jan 26, 2009 10:15 PM IST
Hindustan Times | Mahua Venkatesh, New Delhi
PSU Banks may not help Satyam
Public sector banks are unlikely to offer fresh line of credit to embattled Satyam Computers even as its government appointed board member Deepak Parekh said banks ought to be open to lend to the IT firm, report Mahua Venkatesh.
Updated on Jan 22, 2009 09:49 PM IST
Hindustan Times | Mahua Venkatesh, New Delhi
PSU banks to benefit most from recapitalisation
Government shareholding pattern, size of business and key financial parametres would decide the quantum of share of the state-assisted Rs 20,000-crore recapitalisation package. Mahua Venkatesh reports.
Updated on Jan 20, 2009 10:05 PM IST
Hindustan Times | Mahua Venkatesh, New Delhi
Uncertain future stares Maytas Infra projects
Several key infrastructure projects worth over Rs 16,000 crore face an uncertain future as investigators scan the finances of Maytas Infra. Samiran Saha and Mahua Venkatesh report.
Updated on Jan 20, 2009 10:01 PM IST
Hindustan Times | Samiran Saha and Mahua Venkatesh, New Delhi
Bank unions against loans for rescue action
It may not be easy for state-owned banks to fund disgraced Satyam Computers in case there is any effort to use loans to help the beleagured IT company tide over a cash crunch.
Updated on Jan 15, 2009 09:49 PM IST
Hindustan Times | Mahua Venkatesh, New Delhi
GE speaks up for Indian IT
Amid a welter of questions about corporate governance and customer relationships in the country’s IT sector in the wake of the fraud at Satyam Computer Services, some words of comfort have come from respected US conglomerate GE.
Updated on Jan 15, 2009 08:14 PM IST
Hindustan Times | Mahua Venkatesh, New Delhi
SBI takes cautious approach
The country’s largest lender the SBI which has outsourced its Internet banking operation to Satyam Computer Services Limited, is in a dilemma. It is closely watching the Govt’s move aimed at rescuing the disgraced IT firm, reports Mahua Venkatesh.
Updated on Jan 12, 2009 09:30 PM IST
Hindustan Times | Mahua Venkatesh, New Delhi
Reserve Bank on guard over lenders
The Reserve Bank of India (RBI), which has sought data from lenders on beleagured Satyam Computer Services, has said will wait and watch before taking any decision – which could imply efforts towards recovery.
Updated on Jan 11, 2009 09:00 PM IST
Hindustan Times | Mahua Venkatesh, New Delhi
Debtors may target Satyam’s campuses
As debtors close in, several plush campuses or buildings owned by disgraced Satyam Computer Services Limited peppered across eight cities in India could come under a threat as banks consider options to recover outstanding loans, reports Mahua Venkatesh.
Updated on Jan 09, 2009 10:21 PM IST
Hindustan Times | Mahua Venkatesh, New Delhi
Banks may probe PW’s certifications
Once bitten, twice shy? Banks may review loan recommendations made on the basis of certifications by audit firm Pricewaterhouse, which has come under attack after Satyam’s fraud.
Updated on Jan 08, 2009 08:29 PM IST
Hindustan Times | Mahua Venkatesh, New Delhi
Loans ease up: Rs 56,000 cr more for banks
As much as Rs. 56,000 crore are expected to be added to the pool of lendable resources of public sector banks over the next three months.
Updated on Jan 05, 2009 08:46 PM IST
Hindustan Times | Mahua Venkatesh, New Delhi
…but cash-flush banks offer some hope
Economists say monetary measures, rather than a fiscal kickstart, seem to be on sounder ground as the nation looks to revive economic growth – though the price of loans is a matter of lingering concern.
Updated on Jan 04, 2009 08:44 PM IST
Hindustan Times | Mahua Venkatesh, New Delhi
Investors fancy deposits as scrips sink
Bank deposits have grown over 25 per cent in the current fiscal, thanks to the uncertainty in the financial sector and an increase in deposit rates, reports Mahua Venkatesh.
Updated on Dec 28, 2008 08:37 PM IST
Hindustan Times | Mahua Venkatesh, New Delhi
DBS Bank on expansion, recruitment drive
Even as the crisis in the global financial sector intensied spreading its wings all across, the Asian financial major DBS Bank is set to go on an expansion drive.
Updated on Dec 26, 2008 08:57 PM IST
Hindustan Times | Mahua Venkatesh, New Delhi
Layoff: corporate buzzword, 2009?
If “bailout” was the most used word in the year 2008, “lay-off” may just be it in 2009. Mahua Venkatesh tells more.
Updated on Dec 23, 2008 09:10 PM IST
Hindustan Times | Mahua Venkatesh, New Delhi
Credit card biz slumps as slowdown pinches
The credit card industry, which has been witnessing a steady growth of 30 per cent annually for the last few years, is set for a deceleration in 2008-09, reports Mahua Venkatesh.
Updated on Dec 21, 2008 08:31 PM IST
Hindustan Times | Mahua Venkatesh, New Delhi
Pvt banks may give corporates more time
Private banks are looking to provide a fresh lease of life to the corporate sector, in the wake of the domestic slowdown and liquidity crunch, reports Mahua Venkatesh.
Updated on Dec 16, 2008 09:04 PM IST
Hindustan Times | Mahua Venkatesh, New Delhi
Old is gold: PSU banks prefer existing customers
Public sector banks have decided to reward its loyal customers. Existing customers will be given preference over new applicants who have been banking with private and foreign banks, reports Mahua Venkatesh.
Updated on Dec 15, 2008 09:06 PM IST
Hindustan Times | Mahua Venkatesh, New Delhi
Home loans cheaper
Public-sector banks are set to bring down their home-loan interest rates to 7.5 per cent for loans of up to Rs 5 lakh and 8.5 per cent for loans between Rs 5 lakh and Rs 20 lakh, report Sandeep Singh and Mahua Venkatesh.
Updated on Dec 12, 2008 12:46 AM IST
Hindustan Times | Sandeep Singh and Mahua Venkatesh, New Delhi
Prices won’t fall fast as Cenvat effect will take time
Even as the central government announced a 4 per cent deduction in Cenvat only sectors like automobiles and consumer durables have announced price cuts so far.
Updated on Dec 11, 2008 10:44 PM IST
Hindustan Times | Mahua Venkatesh, New Delhi
RBI may ease bad loan norms for small firms
The small and medium sector, hit by the global meltdown, may get a breather from the banking industry, reports Mahua Venkatesh.
Updated on Dec 10, 2008 09:06 PM IST
Hindustan Times | Mahua Venkatesh, New Delhi
Liquidity still evades India: Credit Suisse
The host of monetary measures taken in the past few months have not helped domestic liquidity in India ease significantly, financial service group Credit Suisse has said.
Updated on Dec 09, 2008 08:27 PM IST
Hindustan Times | Mahua Venkatesh, New Delhi
Heroes turn zeroes in finance industry
Suddenly, there is a change in script after the global meltdown in the financial services sector, and the most precious heads now feel unwanted or redundant, say industry officials.
Updated on Dec 09, 2008 08:24 PM IST
Hindustan Times | Mahua Venkatesh, New Delhi
Low-cost deposits down in public banks
The SBI's share of CASA deposits of its liability dropped from 43.1 per cent in March 2008 to 39.7 per cent. Punjab National Bank also saw a dip from 43 per cent to 39 per cent in the same period, reports Mahua Venkatesh.
Updated on Dec 04, 2008 09:11 PM IST
Hindustan Times | Mahua Venkatesh, New Delhi
Will PM have time for finance, worry bankers
With no full time finance minister, banks and insurance companies among others fear that decision making may be more time consuming even as PM Manmohan Singh has brought the portfolio under him.
Updated on Dec 03, 2008 09:07 PM IST
Hindustan Times | Mahua Venkatesh, New Delhi
Worst is yet to come as firms eye more lay offs
The year 2009 is not likely to provide any breather to India Inc, at least not during the first half. Human resource consultants said that there could be further job cuts during the first couple of months in 2009.
Updated on Dec 02, 2008 08:52 PM IST
Hindustan Times | Mahua Venkatesh, New Delhi