George Mathew

Profile

As ATMs dry up, bankers say normalcy will return soon
Wed, Apr 12, 2017

However, bankers claimed that the position was comfortable across the country and normalcy will be restored in some regions which were facing cash shortage.

Farm loan waiver undermines honest credit culture: Urjit Patel
Fri, Apr 07, 2017

Challenges arising from such schemes to affect govt balance sheet: RBI chief.

NR Narayana Murthy lambastes Infosys COO’s salary hike
Mon, Apr 03, 2017

Infosys: The founders of Infy who hold over 12.75 per cent stake in the company had then sent a letter to the board raising several concerns

Problem of bad loans: Banks need Rs 6.50 lakh crore to tackle stressed assets, says Kotak
Thu, Mar 30, 2017

Kotak also spoke about the need for bad banks to resolve bad loans.

We will enlarge our bouquet of services after the merger, says SBI MD Dinesh Kumar Khara
Tue, Mar 28, 2017

In an interview with The Indian Express, Khara spoke about the nitty-gritties of the largest banking merger in India so far.

Banks yet to file cases against 1,080 wilful defaulters
Mon, Mar 27, 2017

This means banks are yet to file criminal charges against 1,080 wilful defaulters who siphoned off funds or are yet pay up despite having the capacity to pay up.

Avenue supermart shares soar on debut: Radhakishan Damani, India’s low-profile investor
Wed, Mar 22, 2017

Damani, whom many consider as India’s Warren Buffett and mentor to many other heavyweight investors including Rakesh Jhunjhunwala, has been in the billionaire list for a while.

Bureaucratic maze: 3 public sector insurance firms remain headless
Mon, Mar 20, 2017

One official given retrospective charge; another wants to join private sector

Banks to make net interest income of Rs 4,500 crore from demonetisation
Sun, Mar 12, 2017

The RBI further said Jan Dhan account holders pulled out Rs 10,300 crore by March 1 this year from the maximum deposit level of Rs 74,600 crore on December 7, 2016 when the demonetisation drive was at its peak.

Fairfax gets preliminary IRDAI nod for 2nd insurance venture
Thu, Mar 09, 2017

IRDAI, in its board meeting on Friday last week , had given a conditional approval to the new Indian joint venture established by Fairfax Holdings in India along with Oben General Insurance.

Corporate debt restructuring: Recast packages worth Rs 42,000 crore under the mechanism failed in 2016
Tue, Mar 07, 2017

Recast packages of 53 borrowers in the infrastructure and the iron and steel sectors appear to be in trouble.

Interview with Nabard chairman: ‘Farmers should get benefits, but we’re against waivers’
Mon, Mar 06, 2017

According to him, the government has made sizeable announcements for rural sector in the budget.

RBI’s enforcement department to develop rule-based approach  
Fri, Feb 24, 2017

Move aimed at better identification of actionable violations.

Bad loan crisis continues: 56.4 per cent rise in NPAs of banks
Mon, Feb 20, 2017

Bad loans have now shot up by 135 per cent from Rs 261,843 crore in the last two years, despite the Reserve Bank of India announcing a host of restructuring schemes.

SBI Group finalises plans for voluntary retirement scheme
Mon, Feb 20, 2017

The five associate banks have a total deposit base of over Rs 5 lakh crore and 8,964 ATMs across India.

Households in Mumbai hold 5 per cent of India’s bank deposits
Sat, Feb 18, 2017

City accounts for 16.24 per cent of total bank deposits in the country

Technical write-off creates non-transparency, brings wrong-doings, says KC Chakrabarty
Tue, Feb 07, 2017

In an interview with The Indian Express, Chakrabarty spoke about the need for segment-wise disclosure of write-offs and top 100 borrowers and mismanagement in tackling bad loans.

Aadhaar-based payments will be a game changer in digital banking, says SBI Managing Director Rajnish Kumar
Sun, Feb 05, 2017

In interview with The Indian Express, Rajnish Kumar spoke about the sector’s digital initiatives.

RBI monetary policy review: Rate cut decision to be based on Budget, note ban impact
Wed, Feb 08, 2017

Most analysts and bankers are expecting a 25 bps reduction in the key policy rate.

Post- Budget Tax Cut: State Bank plans scheme to revive SMEs
Fri, Feb 03, 2017

The scheme will be applicable to SMEs which were making profits and now finding it difficult to service their loan repayment or payment schedules.

Budget 2017: Market shoots up on fiscal discipline, tax clarity
Thu, Feb 02, 2017

Sensex jumps 486 points, Nifty soars 155 points as sentiment turns bullish in the absence of any major negatives.

Budget 2017: Banks hit by bad loans to get tax concession
Thu, Feb 02, 2017

Banks can now claim higher deduction in respect of provision for bad and doubtful debts.

Budget 2017: Government earmarks another Rs 10,000 crore for recapitalisation into public sector banks
Thu, Feb 02, 2017

While a section of the industry feels this figure might not be sufficient, finance minister Arun Jaitley has promised more infusion, if the situation warrants fresh recapitalisation.

KFA loan default case: Unease, fear rule banking sector after IDBI arrests
Fri, Jan 27, 2017

Worried bankers said they are staring at the prospects of a further decline in credit offtake as senior officials are unlikely to take a call on loan disbursements in a hurry, fearing action by enforcement agencies.

Rs 10.10 lakh crore forex debt of 54 corporates vulnerable
Wed, Jan 25, 2017

Credit profile of 42 of the 54 corporates holding Rs 8.9 lakh crore of the total debt at FY16 could weaken substantially.

Listing of PSU insurers: Poor solvency ratio, losses may hit plans
Tue, Jan 24, 2017

Valuations could be hit as National Insurance and Oriental Insurance don’t have the required IRDAI-fixed solvency ratio of 1.5% as on September 30, 2016, while Oriental Insurance and United India Insurance have suffered heavy losses in H1FY17.

The disquieting silence of the RBI
Tue, Jan 17, 2017

What does the disquieting silence of the RBI means for the credibility and autonomy of the institution, and its role in the economy.

TCS chief Chandrasekaran takes over in February 21: ‘In keeping with our values’
Fri, Jan 13, 2017

Ratan Tata, patriarch of one of India’s most influential families, had taken over as interim chairman of Tata Sons after the board ousted Mistry.

N Chandrasekaran, Chairman-designate, Tata Sons: The long distance runner set for a marathon innings
Fri, Jan 13, 2017

According to a corporate observer, it remains to be seen whether Chandrasekaran will take over as the chairman of various group companies like Tata Steel, Tata Motors and Tata Chemicals.

Cleared Rs 2000 note in May, no talk then on 500, 1000: RBI
Tue, Jan 10, 2017

In its RTI reply to an application filed by The Indian Express, the RBI said the Central Board discussed and approved the proposal to introduce Rs 2,000 notes on May 19 last year.

House panel grills RBI top brass
Sat, Jan 07, 2017

Bankers tried to defend against the charges of corruption in the system, saying they caught corruption cases and reported them to the concerned authorities.

Insurance brokers come out against IRDA norms
Thu, Jan 05, 2017

IBAI said this would impact the entire insurance market and potentially threaten the stability of the financial system when the sector gets tested in times of natural disasters.

Non-performing assets: Bad loan recovery by banks only gets worse in four years
Tue, Jan 03, 2017

According to the RBI, the rate of recovery was 18.4 per cent, or Rs 32,000 crore out of the total NPAs of Rs 173,800 crore reported in March 2014.

Banks go for cuts, lending rates down by up to 90 bps
Mon, Jan 02, 2017

On Sunday, BJP president Amit Shah welcomed the cuts in a series of tweets posted on his official account.

Let cash curbs stay till new notes come in: Banks to government
Wed, Dec 28, 2016

Bankers worried withdrawals will be huge if curbs go.

Let cash curbs stay till new notes come in, banks tell govt
Wed, Dec 28, 2016

Bankers worried withdrawals will be huge if curbs go, government announcement unlikely on December 30.