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Mithun Dasgupta

Articles By Mithun Dasgupta

274 Articles

Interview | Collections in Assam to see short-term challenges, says Bandhan Bank MD Chandra Shekhar Ghosh

In an interview with Mithun Dasgupta, Ghosh says the bank's gross NPA ratio is not likely to rise further.

Chandra Shekhar Ghosh bandhan bank

Settled death claims worth Rs 198.6 crore related to Covid: Amit Palta, CDO, ICICI Prudential Life Insurance

With the gradual opening up of the economy, the life insurance industry is back on a sequential growth path.

Amit Palta, chief distribution officer, ICICI Prudential Life Insurance

Our regional focus will continue to be driven by where our clients are based: Sudip Singh, MD & CEO, ITC Infotech

The last eight months of the Covid-19 pandemic provided us the opportunity to underscore our commitment to our strategy of staying focused on our employees & clients.

Sudip Singh, MD & CEO, ITC Infotech

RBI audit will soon quell all unnecessary speculation: Srei Infra Finance chairman Hemant Kanoria

As the Reserve Bank of India is conducting a special audit in Srei Infrastructure Finance and its subsidiary Srei Equipment Finance, chairman Hemant Kanoria says the special audit will soon conclude and will quell all “unne

Hemant Kanoria, Srei Infrastructure Finance

Ratan Tata funded startup iKure in talks with investors for raising capital

Currently, the venture has 160 touchpoints in West Bengal, Jharkhand and Karnataka, and it plans to expand the facilities to around 2000 in the next four years.

After Ratan Tata invested in the startup in October in his capacity, he is now an equity shareholder of it, which delivers primary healthcare services through a network of clinics, digital technologies and frontline health workers.

‘We have so far paid Rs 363 cr for Covid claims’

The average claim size for Covid is higher than an average retail claim, but we expect that the same would come down as the pandemic becomes less severe and with state-guided protocols in place.

Ms. Tajinder Mukherjee, chairman-cum-managing director, National Insurance Company (NIC)

NCLAT stays tribunal order directing ArcelorMittal to pay Rs 1,300 crore to Odisha Slurry

The bench had said such IRP costs had been duly considered and provided by the resolution applicant in the resolution plan submitted and approved by the adjudicating authority.

Passing the order on November 10, the NCLT bench had held that the subsidiary of the world’s largest steelmaker had “contravened” the resolution plan for Essar Steel.

Interview: SWIFT to extend gpi benefits for low-value payments

Shetty says during the merger of Andhra Bank and Corporation Bank into Union Bank of India, Swift worked on minimising the challenges and ensured a smooth transition of cross-border transactions of the three banks into the am

Srei may face problem in raising additional debt, say bankers

The RBI has appointed an auditor to conduct a special audit of Srei Infrastructure Finance and its subsidiary Srei Equipment Finance.

AU Small Finance Bank to focus on auto, MSME loans in pan-India pursuit

Until recently, the Jaipur-based SFB had no presence outside western and northern India. In its pursuit of becoming a pan-India player, the bank forayed into south India in August and commenced operations in Bengaluru.

UCO Bank confident of meeting Rs 3,000-cr lending target for retail, MSME during this festive season

The Kolkata-based bank has set a target of Rs 3,000 crore lending in retail and MSME in just two months — October and November.

NCLT: ArcelorMittal must payRs 1,300 crto Odisha Slurry Pipeline

ArcelorMittal had acquired bankrupt Essar Steel last year, establishing a joint-venture with Japan’s Nippon Steel,called ArcelorMittal Nippon Steel India,under the CIRP following a long legal tussle.

India's current installed capacity is around 140 mtpa. The country aspires to have 300 mt installed capacity by 2030-31. India's per capital steel consumption is still around a third of the global average.

In micro-banking, our collection efficiency in Sept stood at 89%, and it rose to 91% in Oct Bandhan Bank CEO Chandra Shekhar 

Festive season loan disbursement growth has come near to the last year’s festive season figure. And, it is 95% of the pre-Covid levels.

Every time after Durga Puja all types of credit growth come. This time also, we have got that signal before the Puja.

RBI move to provide easier access to home loans: Hardayal Prasad, MD & CEO, PNB Housing Finance

Green shoots in the home loan segment are quite visible, and PNB Housing Finance is confident that the festival months will see a surge in the home loan market, says MD and CEO Hardayal Prasad.

Hopeful of achieving 5-6% credit growth in FY21: Manas Ranjan Biswal, Executive Director, Union Bank of India

The recently announced TLTRO of Rs 1 lakh crore is yet another step by the RBI to channelise liquidity towards specific sectors.

With high frequency economic indicators showing positive trends, Union Bank of India (UBI) is hopeful of registering 5-6 % growth in credit during the current fiscal.

Biz likely to be 100% in FY22: Lifestyle CEO

Rishi Vasudev, CEO, Lifestyle & Home Centre, said the stores are recording a sharp decline in footfall compared to the last year due to coronavirus scare, but online sales are witnessing strong traction.

Customers coming in are serious shoppers with high intent.

Promoter shareholding in Eveready falls below 5% for first time

After Vistra ITCL (India), the largest independent corporate trustee in the country, invoked 17,00,000 equity shares on October 7, promoter shareholding in the company now stands at 4.92% from the earlier 7.26%.

Eveready debt position ‘comfortable’ compared to last year, says MD Amritanshu Khaitan

Replying to shareholders at the company's AGM here, Amritanshu Khaitan, managing director, said, "Regarding the borrowing of the company, the company's debt position has become much more comfortable as compared to last year."

Post-Covid revival! Collections improving for some players in micro loans segment

“In the pre-Covid period, our bank had a collection efficiency of 98% in micro loans. I expect at the end of the third quarter, we would be able to attain this figure comfortably," Ghosh said.

Bandhan Bank, which has a substantial portfolio of micro loans, has seen an improvement in collection efficiency in micro-banking loan vertical in September compared to August.

‘Demand for protection items structural in nature’

ICICI Prudential Life Insurance believes its performance demonstrates resilience in the context of the current economic environment, says chief distribution officer Amit Palta.

ICICI Prudential Life Insurance, Amit Palta, life insurance industry, bancassurance , IDFC First Bank

Eveready Industries Q1 net profit rises threefold; ICDs remain a concern

However, the amount of outstanding inter-corporate deposits (ICDs) to stressed promoter group companies increased compared with the year-ago period, and remain a cause of concern.

Battery and flashlight volumes for the quarter were lower than that in the corresponding quarter of the previous year as optimal sales could not be achieved in April 2020 due to lockdown curbs.

ITC Executive Director: Leveraged synergy of brands with partners’ reach

Some of the unconventional tie-ups for delivery of our products to consumers included diverse companies such as Dominos, Swiggy, Zomato, Dunzo, Amway etc.

International biz could be revenue-driver: Emami

Emami had last year acquired Creme 21, a Germany-based personal care brand, which has strong presence in Middle-East and European markets, for nearly Rs 100 crore.

Goenka, in the company’s latest annual report, said during the later part of FY20, the Covid-19 pandemic impacted the company’s international exposure but it is optimistic that this business segment could emerge as a “revenue-driver” in the coming days.

One-time loan recast scheme difficult to implement: Srei Infrastructure Finance V-C

The government and the RBI have been trying their best to cushion the impact of Covid-19 on the economy and businesses.

Also, the proposed plan has set March 1 as the reference date for the outstanding amount of debt restructuring, provided the loan continues to remain standard till restructuring is invoked.

Bandhan Bank aims to expand home loan portfolio in states having housing shortage

Home loan products are now available in 302 banking outlets across the country, and the private sector bank will be ramping up the presence to cover a larger portion of its pan-India network of 4,559 banking outlets.

‘Covid may not have very severe impact on life insurance industry’

Exide Life Insurance’s gross written premium (GWP) witnessed growth of 12% year on year in the last financial year.

life insurance industry, Exide Life Insurance,  Covid-19, covid 19 deaths, insurance for covid 19, life insurance for covid 19, Kshitij Jain

Currently, about 98% of our sales are paperless: Mayank Bathwal, CEO, Aditya Birla Health Insurance

In the present scenario, medical tests are not feasible either because people are not willing to go for it owing to their safety or because of lockdown in many parts of the country.

Mayank Bathwal, CEO, Aditya Birla Health Insurance Co. Limited
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