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Shayan Ghosh

Articles By Shayan Ghosh

303 Articles

We want to give customers an experience that uses tech seamlessly, says MD of HDFC Bank

With digital banking becoming all-important, HDFC Bank wants to deliver not just banking but a financial experience to customers, managing director Aditya Puri tells Shobhana Subramanian and Shayan Ghosh.

digital banking, HDFC Bank, MD of HDFC Bank, Aditya Puri, Amazon, facebook, asset liability committee

Rejected claims: Essar firms have lion’s share

40% claims of operational creditors rejected by RP are that of Essar Steel group companies

Essar Steel, Essar firms, Essar Power Hazira, ArcelorMittal,  VTB Bank, Vedanta, tata steel

Bid for Binani: Ultratech ups the ante

Birla company moves NCLT seeking CoC meeting to be declared ‘illegal and void’, says its bid is the highest.

ultratech, binani, economy, industry

PM’s Employment Scheme: Only 9 pct of 4 lakh applicants get loans

Less than 9% of the roughly four lakh applicants under the Prime Minister’s Employment Generation Programme (PMEGP) have been granted loans so far in the 11 months to February.

PM's Employment Scheme, employment scheme, bank loans

Clean-up act: Banks may give PNB short-term loans

A clutch of public sector lenders may provide short-term loans to Punjab National Bank(PNB) with which PNB will repay banks the money they lent to the Nirav Modi and Gitanjali Gems groups against letters of undertaking (LoUs)

pnb, punjab national bank, public bank, PSB, loans

RBI: SMA details exempted from disclosure under RTI

Contradicting its reply to an earlier right to information (RTI) query, the Reserve Bank of India (RBI) has recently said bank-wise information on special mention account (SMA) 1 and 2 is exempt from disclosure under Section

RBI, SMA details, special mention account, RTI

Loan, deposit rates alert: They are set to go up, says HDFC MD Aditya Puri

In a clear indication that the rate cycle has turned, loan and deposit rates are all set to go further up, HDFC Bank managing director Aditya Puri said.

Loan, deposit rates, hdfc, hdfc bank, HDFC MD Aditya Puri

PNB invites bids for Ind-Barath Thermal

Led by Punjab National Bank (PNB), the consortium of 18 lenders to Ind-Barath Thermal Power is looking to sell a 100% stake in the project for at least Rs 823 crore.

PNB, nirav modi fraud case, power purchase agreements,  PNB Investment Services, Thoothukudi district, tamil nadu

Bank missteps: More than 5,000 cases of PSB staff penalisation

Public sector banks (PSBs) have penalised employees in more than 5,000 instances between January 2015 and March 2017 with more than half of them being in 2015, the government's reply to a question in the Parliament showed.

Public sector banks, State Bank of India, Punjab National Bank fraud case, Chennai, State Bank of India, private sector banks,  red flagged accounts

Lenders may approach NCLT on bidders eligibility for Essar Steel

The committee of creditors (CoC) to Essar Steel is likely to approach the National Company Law Tribunal (NCLT) regarding the bids received as part of the steelmaker's insolvency resolution process since both the bidders – A

NCLT, Essar steel, committee of creditors, ArcelorMittal, Numetal, State Bank of India, Reserve Bank of India, Mauritius, Rewant Ruia

Nirav Modi PNB fraud case: RBI may seek banks’ non-fund exposures

Regulators may be wary of a bigger problem cropping up after the revelation of misuse of non-fund-based banking services by entities associated with the now infamous diamantaire Nirav Modi, the promoter of diamond trading com

Nirav Modi PNB fraud case, Nirav Modi, PNB fraud case, pnb, rbi, central bank, punjab and national bank

NCLAT orders: Power of resolution professional not limitless

While the Indian bankruptcy code has vested significant powers in the hands of the resolution professional (RP), the National Company Law Appellate Tribunal (NCLAT) has ruled that these are not without limits, reports Shayan

NCLAT, Indian Bankruptcy Code,  Bankruptcy , insolvency, National Company Law Appellate Tribunal, company law, National Company Law Tribunal, I & B Code, insolvency and bankruptcy

Resolution professionals can be replaced: NCLAT

While the Indian Bankruptcy Code has vested significant powers in the hands of the resolution professional (RP), the National Company Law Appellate Tribunal (NCLAT) has ruled that these are not without limits.

NCLAT, Indian Bankruptcy Code,  Bankruptcy , insolvency, National Company Law Appellate Tribunal, company law, National Company Law Tribunal, I & B Code, insolvency and bankruptcy

NCLT moratorium: Invoking guarantees of promoters legally tenable

The issue came up for consideration before banks decided to independently invoke the guarantees of promoters of Essar Steel, sources told FE. They added that since the company and the personal guarantor are separate entities,

NCLAT, NCLT moratorium, National Company Law Appellate Tribunal, Essar Steel

Budget 2018: Divestment target set at Rs 80,000 crore

Budget 2018: The government, he said, has also initiated the process of strategic disinvestment in 24 CPSEs, including the strategic privatisation of Air India. Strategic divestment could be a key revenue mobiliser in the com

Budget 2018: The government is expecting to raise Rs 1 lakh crore through disinvestment in 2017-18, higher than the budgeted estimate of Rs 72,500 crore.

Budget 2018: These 3 general insurers to be merged, listed

Budget 2018: The government’s plan to merge three general insurance companies — National Insurance Company, United India Assurance Company and Oriental India Insurance Company — will create one of the largest general in

Budget 2018: "Three public sector general insurance companies NIC, United India Assurance and Oriental India Insurance will be merged into a single insurance entity and will be subsequently listed,” finance minister Arun Jaitley said.

Insolvency claims: On debt, Lanco keeps it in the family

Firms linked to Lanco Infratech — some of them subsidiaries — have registered claims of a whopping Rs 7,164.5 crore with the resolution professional (RP) of the company, documents reveal.

Lanco Infratech, Lanco Infratech insolvency case, Lanco Infratech total debt

NCLT upholds termination of coal mine tender to Monnet Ispat

The Mumbai Bench of the National Company Law Tribunal (NCLT) has dismissed a petition by Monnet Ispat’s resolution professional against the ministry of coal for issuing a termination notice of its coal mine in Chattisgarh.

NCLT, Monnet Ispat, Insolvency and Bankruptcy Code, Gare Palma IV/7 coal mine, CMDPA, Reserve Bank of India, Chattisgarh, coal mine in Chattisgarh

Loan pricing: Why are banks reluctant to switch to external benchmark

The central bank has, over the past couple of years, been trying to coax banks to lower lending rates. However, banks have been slow to do so citing the high cost of funds.

Loan pricing, banks, external benchmark, SBI, State Bank of India, communications, Reserve Bank of India, RBI, ATM, MCLR

Are RBI, Finance Ministry not on the same page on oversight committee?

There seems to be a communication lapse between the Reserve Bank of India (RBI) and the finance ministry on a specific matter of the scope of the oversight committee (OC).

Reserve Bank of India, RBI, Oversight committee

Tata Power insolvency plea against Meenakshi Energy rejected by NCLT

The Hyderabad Bench of the National Company Law Tribunal (NCLT) has rejected Tata Power’s insolvency petition against Meenakshi Energy, citing pending arbitration proceedings between the companies.

tata power, tata power insolvency, tata power insolvency plea, meenakshi energy, nclt, insolvency petition

NCLT reviews alleged borrower-financial creditor collusion

Even as the insolvency process is gaining momentum, an act of alleged collusion has come to light, that underlines how interested parties might get together to scuttle the process.

nclt, nclt tribunal, Asian Natural Resources’ resolution

Bank’s call: Lenders look to sell majority stake in Jaiprakash Power Ventures Limited

The rest of the stake is held by Jaiprakash Associates. Lenders have mandated SBI Capital Markets (SBI Caps) to act as the transaction advisor for the sale on behalf of the lenders’ consortium.

Lenders, Jaiprakash Power Ventures, JPVL, Jaiprakash Power Ventures Limited, State Bank of India, SBI, Prayagraj Power Generation Company, PPGCL, SBI Capital Markets, SBI Caps, Uttar Pradesh Power Corporation

Now, stressed companies claiming dues from one another; Essar Steel group companies lay claim to Rs 6,012 cr from parent

While the claims are small compared with the size of Essar Steel’s total debt of Rs 44,000 crore, they nevertheless show the interconnected nature of these businesses. More than 1,600 operational creditors have filed claims

Essar Steel group, Reserve Bank of India, RBI, Essar Steel, Uttam Galva, Jaypee Group

SBI’s Asian Colour Rs 1301 cr loans set to be sold to asset reconstruction companies

State Bank of India (SBI) has put on sale loans of Asian Colour Coated Ispat worth Rs 1,301 crore. The bank has sought bids from asset reconstruction companies (ARCs) under the Swiss Challenge method on a full-cash basis, acc

Insolvency crisis: Bankers to meet IBBI officials, say cannot share loan information with IU

Senior bankers will meet officials of the Insolvency and Bankruptcy Board of India (IBBI), including its chairman MS Sahoo, on December 14 to express their discomfort over sharing loan agreements and other confidential client

insolvency crisis, bank loan information sharing, bankers on insolvency row, ibbi insolvency row

FE Best Bank Awards: Arundhati Bhattacharya is Banker of the Year 2015-16

Even under immense stress, Arundhati Bhattacharya has been courage personified, never afraid to speak her mind, her voice always one of reason.

FE Best Bank Awards, Arundhati Bhattacharya, Arundhati Bhattacharya banker of the year, year 2015, year 2016
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