ICICI Bank CEO Chanda Kochhar and Microsoft CEO Satya Nadella have found a place in Time magazine’s ‘The 100 Most Influential People’ in the world. Image: Chanda Kochchar among most influential people. Photograph: Ruben Sprich/Reuters Praising the leadership qualities of Kochhar, her friend and Deutsche Bank co-CEO Anshu Jain has said he is yet to find anything she can’t do. Chanda Kochhar, who has been at the helm of ICICI Bank since 2009, is among the ... Rediff.com, 1 week ago
Bank of Baroda has relatively better position on impaired assets, diversified loan book and cheaper valuations. Public sector banks (PSBs) have been a strict no-no for investors, due to impaired assets and weak capital structures. However, can investors ignore 70 per cent of the banking system? Even if one excludes cash-starved weak banks, there are three large state-owned banks they cannot ignore - State Bank of India (SBI), Punjab National Bank (PNB) and Bank of Baroda (BoB). The three ...Rediff.com, 3 weeks ago
SLR could be reduced, banks might start lowering base rates When the Reserve Bank of India reviews its monetary policy on Tuesday, market experts say, it might not change its monetary policy stance. As many as 10 of 12 leading bankers and market players that Business Standard polled on Saturday expect the central bank to maintain the status quo on the benchmark interest rate during its annual policy meeting. While only one respondent saw the possibility of a reduction in cash reserve ratio, ...Rediff.com, 3 weeks ago
Govt continues to dither on anti-dumping duty against cheap Chinese steel imports; risk of steel sector NPAs looms large as production is unviable. The central government’s Make-in-India initiative is making waves abroad. But in India, the story is different. Steel makers in the country are finding it difficult to make products in India. The country imported 9.31 million tonnes (mt) of steel in FY15, an increase of 71 per cent over the previous year, as producers are capping production.Rediff.com, 4 days ago
Bankers hold lack of policy consistency as key reason for not cutting rates and disputing RBI rationale on the matter. Image: Bankers Photograph: Rupak De Chowdhuri/Reuters Worried over banks’ reluctance to cut interest rates, the Reserve Bank of India (RBI) had in February asked banks to factor in the deposit tenure with the largest concentration while calculating the deposit cost for base rate (BR) computation. RBI had cut its policy rate in January, the first time since ...Rediff.com, 1 week ago
Lenders had already cut deposit rates by up to 50 bps in recent months, providing some cushion; however, credit costs and asset/liability profiles will also vary between lenders. At a time when bankers are restive about the likely negative impact of base rate (BR) cuts on net interest margins (NIM), many analysts believe otherwise. First, most banks have already cut deposit rates (DRs) in select maturities over four to five months, so there is cushion available. "The cuts in DRs, coupled with ...Rediff.com, 2 weeks ago
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