Repo rate cut is meaningless: Pratip Chaudhuri

.89%) SS Mundra of Bank of BarodaGross non-performing assets (NPA) at Bank of Baroda, the country's second largest lender, have started declining in recent months. S S Mundra, chairman and managing director, discusses the growth strategy with ...

-1.41%) M D Mallya, who was chairman and managing director of Bank of Baroda for nearly five years until his retirement in November 2012, says the biggest challenge for banks is the slowdown in growth. The retail thrust that the bank initiated some ...

IDFC Ltd, which revamped itself by forming a whole new management team eight years ago, is changing course with the infrastructure sector now facing several headwinds. Vikram Limaye, who was appointed the managing director and chief executive ...

Sam Ghosh, CEO Reliance Capital Reliance Capital has posted a decline in the net profit for the quarter ended March due to a onetime gain that has accrued in the fourth quarter of 2011-12 by of selling stake in the life insurance company. Sam Ghosh, ...

K C Chakrabarty, RBI deputy governor Reserve Bank of India Deputy Governor K C Chakrabarty says the central bank has not found any evidence of illegal or irregular transactions by banks, as alleged by Cobrapost. In an interview with Manojit Saha, he ...

From mining to agriculture, CM Siddaramaiah badly needs to get down to some solid work The wrong song Mihir S Sharma Truthfully, if anything is a real national symbol, it is Parliament, representing in its diversity, ours; and in its debate, constitutional ...

Four days ahead of RBI's monetary policy review, SBI Chairman Pratip Chaudhuri says a cut of one percentage point in CRR will allow the bank to lower lending rates 20 bps. He tells Manojit Saha why a repo rate cut is meaningless and why SBI plans to ...

The Reserve Bank of India (RBI) recently said foreign banks those have more than 20 branches should have a steeper target for priority sector lending. Deutsche Bank, with 17 branches in India, however, does not see the stipulation as a hindrance to its branch expansion plan. Ravneet Gill, the German lender’s India CEO, tells Manojit Saha in an interview, that it has an open mind for taking the subsidiary route as it allows them to open more branches which will be aiding them to grow ...

HSBC appointed group veteran Stuart Milne as chief executive of its India operations in April last year. The period has been extraordinarily tough as the bank came under a cloud because of money laundering allegations. In his first interview after the allegations were made, Milne, a Scotsman born in Baghdad, speaks to Shyamal Majumdar & Manojit Saha about the bank's gameplan in India. Excerpts:The US Senate Committee report made two observations - HSBC India's internal control systems in ...