Banking & Finance

Rajan Go Back, Abolish Income Tax & Agriculture Futures :: Swamy’s Prescriptions for a 10% Growth

Rajan Go Back, Abolish Income Tax & Agriculture Futures :: Swamy’s Prescriptions for a 10% Growth

The indefatigable Subramanian Swamy seem to be intensifying the clamour of “Rajan Go Back” in order to salvage the Indian Economy and grow at 10%. Both the titans privy to the dynamics of Global Finance have their own reasons to be on the different sides of the policy tables. Speaking at the Indian Merchant’s Chamber […]

Value Research CEO forewarns the blind trust on impending Global Financial Consortiums’ ride over IndiaPost Payment Bank

Value Research CEO forewarns the blind trust on impending Global Financial Consortiums’ ride over IndiaPost Payment Bank

Country’s leading financial newspaper The Economic Times published a startling revelation on the impending tyranny of Global Financial Consortiums, though moderated in its headline. The concern came from a senior market observer and the CEO of a dependable research firm Value Research. The core of Dhirendra Kumar’s contention is related to the opening of the proposed […]

“From start of a business to significant middle”, Vijay Shekhar’s Mantras to High Road to Success

“From start of a business to significant middle”, Vijay Shekhar’s Mantras to High Road to Success

Out of all the poster boys of the emerging Indian Start-Up ecosystem, one name that stands part is of a gleeful Vijay Shekhar Sharma. An unassuming Vijay is a self-proclaimed Jonty Rhodes of his college team. The King of Cash, another epithet levelled on him, is utterly informal and turns up for meetings in a casual […]

India has a Four Pronged Defence against External Financial shocks :: RBI Governor

India has a Four Pronged Defence against External Financial shocks :: RBI Governor

Raghuram Rajan, RBI Governor informed during the inauguration of SAARCFINANCE Governors’ Symposium held at Mumbai that India has in place a four-pronged defence against external shocks comprising of Good policy as in structural reforms undertaken by the government to enhance growth Steps towards fiscal consolidation to reduce the fiscal deficit, containing inflation through a combination of better food […]

Furthering the mandate of Cashless Economy :: Neeraj Kumar Gupta heads a new committee

Furthering the mandate of Cashless Economy :: Neeraj Kumar Gupta heads a new committee

With over 24.5 million credit cards and 661.8 million debit cards in the country, compared to 1.3 million PoS terminals, the vision of accomplishing a cashless economy seems far fetched despite the advent of payment wallets and UPI interface.  The need gets all the more pronounced amidst a call of enhanced transparency, better tax compliance […]

Ghar Wapasi of Bankers. Over 3 Dozens have moved to Indian Firms in the last year.

Ghar Wapasi of Bankers. Over 3 Dozens have moved to Indian Firms in the last year.

Well this alludes to a Ghar Wapasi of a different dimension. As lure of foreign investment banks decline, banking executives move to India in large numbers. While the foreign multinational banks are focussing on their home markets, factors like the dwindling deal flow and shrinking India coverage have led to an exodus of senior Indian bankers. […]

HSBC to go down from 50 to 26 branches. Focusses on Digital Banking.

HSBC to go down from 50 to 26 branches. Focusses on Digital Banking.

While the jury is still not out about the eventual banking mix in the advent of the technological transformations and policy push, HSBC has decided to cut its branch network from 50 to 26 and would turn its focus on retail banking through digital channels. The branches that are being closed services less than 10% of its […]