George Mathew

Profile

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.

In Week 1, 90% of new Jan Dhan accounts in urban areas, huge card machine demand from small towns
Tue, Nov 29, 2016

The number of new Jan Dhan accounts climbed to 9.52 lakh in the second week after demonetisation.

Currency withdrawal: Reserve Bank throws CRR googly at banks, borrowers
Tue, Nov 29, 2016

By making banks deposit Rs 3,24,000 crore with the Reserve Bank, the cost for banks on these deposits would be Rs 18,110 crore on an annual basis as this has to be paid to the customers.

Black money clean-up: RBI, banks try to plug the Jan-Dhan loophole at ‘source’
Sat, Nov 26, 2016

RBI’s directive to banks asking to seek source of the money being deposited has started to yield results

Currency movement: Trump tramples rupee
Fri, Nov 25, 2016

Foreign investors have pulled out Rs 28,919 cr from India as they rush to take benefit of rising US yields and dollar; demonetisation adds to pressure.

SBI recalibrates 57 per cent of ATMs, says digital payments jump 100 per cent
Wed, Nov 23, 2016

State Bank of India, which accounts for close to one-fourth of the banking business, said it has recalibrated over 28,000 ATMs, or 57 per cent, out of total 49,000 ATMs across the country.

Demonetisation: Distress messages go out from cooperative banks in rural India
Mon, Nov 21, 2016

RBI data says 370 DCCBs held deposits of Rs 236,890 crore as of 2014 while PACS had Rs 81,900 crore deposits.

Cash withdrawal won’t serve purpose: Former RBI Dy Guv
Sat, Nov 19, 2016

The former RBI DG said interest rates will come down but for different reasons.

Currency withdrawal will bring down cost of funds, interest rates: D Subbarao
Thu, Nov 17, 2016

He said in the very short-term, delegalisation may hurt growth.

What jammed the ATM: Secrecy and no Plan B
Mon, Nov 14, 2016

Many ATMs have three-four drawers, also called cassettes, in which notes — of Rs 100, Rs 500 and Rs 1,000 — are stacked.

NPA levels plateauing, green shoots visible, says Bank of India chief
Sun, Nov 13, 2016

The entire staff has been sensitised on the importance of NPA management by arresting slippages, increasing recovery and upgradation of assets.

I asked Cyrus Mistry not to chair board meet, but he didn’t respond: Bhaskar Bhat
Sat, Nov 12, 2016

Bhat said the statement of independent directors was exactly the opposite of what he said at the meeting and it was not shown to the board.

Ratan Tata, a veteran of many battles
Tue, Nov 08, 2016

It was in 1992 that Tata first brought out a retirement policy to force out Tata group satraps.

Tata boardroom battle: Spat raises pertinent questions
Tue, Nov 08, 2016

The tussle at Tata Sons has kept shareholders and analysts wondering whether the $103-billion group was adhering to established corporate governance norms and if the group was making ethical and fair decisions.

Setback for Tatas: Indian Hotels’ independent directors back Cyrus Mistry
Sat, Nov 05, 2016

Interestingly, Cyrus Mistry, after he was sacked as Tata Sons chairman, had questioned the operations of Indian Hotels.

Tata vs Mistry: Battle to continue in listed companies of the group
Fri, Nov 04, 2016

The board meeting of Indian Hotels which will be held on Friday will be a crucial one for the Tatas and Cyrus Mistry, who was removed as the chairman of Tata Sons, the holding company of the group, on October 24.

Bring capital for final licence: IRDA to five global players
Thu, Nov 03, 2016

More are likely to join the domestic reinsurance market as Lloyd’s of London and Gen Re, part of Berkshire Hathaway of Warren Buffet have also applied for R1 licence.

RBI’s home price index rises 7.3 per cent in first quarter
Mon, Oct 31, 2016

All major cities in the country witness a rise in home prices; Kochi shows highest rise of 17.6 per cent.

Private sector capex will take some more time to pick up: SBI Managing Director B Sriram
Wed, Oct 26, 2016

On non-performing assets, he said, “we have put out a watch list of some accounts that we are monitoring.

Cyrus Mistry may have to give up top posts in other Tata cos
Tue, Oct 25, 2016

The Mistry family which holds around 16-18 per cent stake in Tata Sons is the largest individual shareholder — and a non-Tata shareholder — in the Tata holding company.

The latest casualty of cyber attack: Debit cards
Fri, Oct 21, 2016

The incident of 3.2 million debit cards being blocked by Indian lenders has sent jitters across the banking community.