Rajesh Kumar Singh And Devidutta Tripathy

Stories by Rajesh Kumar Singh And Devidutta Tripathy

ICICI Bank Q1 profit falls 25%, bad loans tick up

ICICI Bank Q1 profit falls 25%, bad loans tick up

Rediff.com   29 Jul 2016

The bank's net profit fell to 2,232 crore for its fiscal first quarter to June 30.

ICICI Pru Life files for India's biggest IPO in six years

ICICI Pru Life files for India's biggest IPO in six years

Rediff.com   18 Jul 2016

Top Indian private sector lender ICICI Bank, which owns nearly 68 percent of the insurer, is selling up to 181.34 million shares in the IPO.

High retail inflation diminishes rate cut hopes

High retail inflation diminishes rate cut hopes

Rediff.com   12 Jul 2016

While a pick-up in summer monsoon rains in recent weeks is expected to cool food inflation, most analysts don't anticipate another rate cut before a new governor is on the job

Modi could name Arvind Panagariya as RBI governor: TV channels

Modi could name Arvind Panagariya as RBI governor: TV channels

Rediff.com   11 Jul 2016

Panagariya, who heads the government's main economic advisory body NITI Aayog, is also India's Group of 20 summit negotiator

Indian banks need $90 billion to meet Basel III rules: Fitch

Indian banks need $90 billion to meet Basel III rules: Fitch

Rediff.com   5 Jul 2016

With their weak metrics and high bad loans, India's state-run banks have not been investor favourites

India's infrastructure output growth hits 5-month low

India's infrastructure output growth hits 5-month low

Rediff.com   30 Jun 2016

Annual growth in electricity production last month slowed to 4.6 per cent from 14.7 per cent in April.

Indian banks' bad loans may rise to 8.5% by March 2017

Indian banks' bad loans may rise to 8.5% by March 2017

Rediff.com   28 Jun 2016

The stress in the banking sector, which mirrors the stress in the corporate sector, has to be dealt with in order to revive credit growth.

Factbox: Potential successors to RBI chief Rajan

Factbox: Potential successors to RBI chief Rajan

Rediff.com   28 Jun 2016

Here is some background on the candidates seen as potential successors to Rajan at the RBI

Next RBI chief faces balancing act on bank clean-up

Next RBI chief faces balancing act on bank clean-up

Rediff.com   27 Jun 2016

As the clean-up has taken hold, loan growth slipped to 10.7 per cent in the last fiscal

As RBI chief Rajan retreats, his long-time nemesis advances

As RBI chief Rajan retreats, his long-time nemesis advances

Rediff.com   21 Jun 2016

While he has plenty of critics at home, Rajan is a favourite among foreign investors and has been credited for bringing inflation under control.

Raghuram Rajan: A victim of dirty politics

Raghuram Rajan: A victim of dirty politics

Rediff.com   21 Jun 2016

Even before Prime Minister Narendra Modi swept to power in 2014, Subramanian Swamy was agitating for Rajan's removal.

Raghuram Rajan was 'forced to quit'

Raghuram Rajan was 'forced to quit'

Rediff.com   19 Jun 2016

Raghuram Rajan joked he wasn't expecting to win any votes or Facebook 'likes' in the position.

India seen pressing ahead with bank clean-up despite Rajan's exit

India seen pressing ahead with bank clean-up despite Rajan's exit

Rediff.com   19 Jun 2016

Bankers and government officials told Reuters Rajan's successor may be less aggressive in fighting bad loans, but the general direction will remain the same

Decision on new RBI governor soon: FinMin

Decision on new RBI governor soon: FinMin

Rediff.com   18 Jun 2016

Finance Minister Arun Jaitley said in a Twitter post that the government appreciated all of Rajan's good work and respected his decision

India's trade deficit widens to three-month high in May

India's trade deficit widens to three-month high in May

Rediff.com   15 Jun 2016

Imports dropped 13.16 per cent year-on-year

RBI chief Rajan wins over Modi despite broad mistrust

RBI chief Rajan wins over Modi despite broad mistrust

Rediff.com   1 Jun 2016

The first signs of growing bonhomie between Modi and Rajan came early last year, when Modi called Rajan the "best teacher" for explaining complex economic issues to him.

India set to retain fastest growing economy tag

India set to retain fastest growing economy tag

Rediff.com   31 May 2016

India's upbeat outlook contrasts with neighbouring China, where growth slipped to 6.7 in the first quarter

After benefits of cheap oil, India counts cost of reduced Gulf remittances

After benefits of cheap oil, India counts cost of reduced Gulf remittances

Rediff.com   25 May 2016

The prospect of further falls in remittances is a hindrance for the Reserve Bank of India, as it seeks to bullet-proof the economy against sudden capital outflows

Faster fiscal consolidation key for India ratings upgrade: Moody's

Faster fiscal consolidation key for India ratings upgrade: Moody's

Rediff.com   19 May 2016

The ratings agency currently rates India at Baa3

RBI plans to tighten rules for large corporate borrowers

RBI plans to tighten rules for large corporate borrowers

Rediff.com   12 May 2016

Indian banks would have to make higher provisions for lending to large corporate borrowers above a certain level from next financial year, according to proposals published by the Reserve Bank of India (RBI) on Thursday.