George Mathew

Profile

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.

Reinsurance sector: Over dozen foreign firms vying to get India entry
Mon, Dec 26, 2016

5 global players including Lloyd’s, Warren Buffett’s Gen Re already given licences, 4 get preliminary approvals; 4 to approach Irdai

Cyrus Mistry: This is not a personal battle, this is a fight for good governance
Tue, Dec 20, 2016

Cyrus Mistry in conversation with The Indian Express about the developments in the Tata group.

Cyrus Mistry quits boards of Tata firms, to take legal route
Tue, Dec 20, 2016

Will cease to be chairman of Tata Motors, Indian Hotels, Tata Power, Tata Chemicals.

Push for cashless: Charge levy on big-ticket cash transactions, says Arundhati Bhattacharya
Mon, Dec 19, 2016

Infrastructure to handle cash a huge burden: Arundhati Bhattacharya

Getting people out of cash is a tough, long exercise, it’s not going to happen in a day: Arundhati Bhattacharya
Mon, Dec 19, 2016

In an interview with Indian Express, the SBI chief also made a case for a charge or levy on banking transactions to disincentivise cash dealings.

Investor sentiment weak: FPIs pull out over Rs 56,000 cr since November from markets
Thu, Dec 15, 2016

Move largely in anticipation of a rate hike by US Fed.

Rs 1 lakh crore: Fall in bank credit growth in fortnight after Nov 8
Wed, Dec 14, 2016

Banks are now caught in a dilemma even as they stare at a decline in loan growth — considering the surge in deposits since November 9.

Hong Kong tightens entry norms for Indian visitors
Tue, Dec 13, 2016

Currently, Indian nationals are allowed to visit Hong Kong visa-free for a stay of up to 14 days.

GST council meeting: Law Ministry says only Centre can control traders
Sun, Dec 11, 2016

Proposal likely to be presented in the GST Council meeting scheduled on December 11 and 12

Cash Crunch: Slowdown, more pain ahead, warns Kaushik Basu
Sat, Dec 10, 2016

According to him, the currency shortage in the country is unlikely to ease any time in the near future.

RBI lowers growth estimate, leaves key rate unchanged, says demonetisation still unfolding
Thu, Dec 08, 2016

The six-member Monetary Policy Committee (MPC), voted unanimously in favour of keeping the policy repo rate unchanged.

Filling long-time vacancies: FinMin interviews candidates for top posts of 4 PSU insurers
Tue, Dec 06, 2016

Exercise conducted for the post of two MDs of Life Insurance Corporation

For all the talk, five PSU banks yet to join UPI, govt-backed digital platform
Fri, Dec 02, 2016

Thirty banks had already signed up with UPI.

Indian banks meet 90 per cent of FCNR redemptions by November end
Thu, Dec 01, 2016

The rupee had seen some volatility and slid to an intra-day low of 68.86 last week — a fall of close to 3 per cent during the month — in the wake of capital outflows.

For pay day rush, banks cut withdrawal limits, ask companies to give prepaid cards
Wed, Nov 30, 2016

Banks have also suggested to large companies that they should give prepaid payment cards to their employees in lieu of cash, industry sources said.

Demonetisation: Month to go, bankers say 90-95 per cent money will return to system
Wed, Nov 30, 2016

Bankers expect at least 90 per cent of the Rs 500 and Rs 1,000 notes to be deposited in the banks.