Namrata Acharya
Business Standard
Kolkata, WB, India
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Past articles by namrata:
Irdai rejects general insurers' call for blanket easing of solvency margins
Read more about Irdai rejects general insurers' call for blanket easing of solvency margins on Business Standard. However, it said specific cases would be considered on merit → Read More
West Bengal stayed one jump ahead of Centre on coronavirus detection
Read more about West Bengal stayed one jump ahead of Centre on coronavirus detection on Business Standard. Officials say this early decision on the lockdown saved a degree of trouble for some migrants → Read More
With India-Iran trade at standstill, banks set to lose low cost deposits
Read more about With India-Iran trade at standstill, banks set to lose low cost deposits on Business Standard. For about last six months, India has stopped importing oil from Iran, and thus oil companies have stopped depositing money to the designated banks → Read More
After resolution of big steel cases, banks expect low recoveries from IBC
Read more about After resolution of big steel cases, banks expect low recoveries from IBC on Business Standard. A senior banker with a public sector bank said, not more than 30% recovery was expected from the RBI's second list → Read More
Banks looking to restructure major chunk of Rs 2-trn MSME loans by March
Read more about Banks looking to restructure major chunk of Rs 2-trn MSME loans by March on Business Standard. The MSME sector has been reeling from stress for quite some time → Read More
Allahabad Bank board approves Rs 2153 cr capital infusion ahead of merger
Read more about Allahabad Bank board approves Rs 2153 cr capital infusion ahead of merger on Business Standard. Notably, earlier this financial year, the government had infused about Rs 6896 crore in the bank → Read More
PNB-UBI-OBC merger: Automated HR integration to quell staff discrimination
Read more about PNB-UBI-OBC merger: Automated HR integration to quell staff discrimination on Business Standard. All transfers and promotions for next financial year will be decided by respective banks, not by the merged entity → Read More
Bandhan's anti-poverty scheme that caught Abhijit Banerjee's attention
Bandhan Bank's Targetting Hard Core Poor (THP) programme, aimed at alleviating poverty, is likely to get a boost with Abhijit Banerjee and Esther Duflo winning the Nobel Prize in Economics → Read More
Bandhan's anti-poverty scheme that caught Abhijit Banerjee's attention
Bandhan Bank's Targetting Hard Core Poor (THP) programme, aimed at alleviating poverty, is likely to get a boost with Abhijit Banerjee and Esther Duflo winning the Nobel Prize in Economics → Read More
RBI's rules are hurting urban cooperative banks, say experts
Read more about RBI's rules are hurting urban cooperative banks, say experts on Business Standard. According to experts, a dual regulation by the state and RBI is what's hurting the sector, as it leads to undue political intervention → Read More
SBI to launch co-lending of loans with NBFCs in next 30 to 40 days
Read more about SBI to launch co-lending of loans with NBFCs in next 30 to 40 days on Business Standard. The loans, which would essentially be for priority sector, would be on a fully-automated platform → Read More
12% annual credit growth needed to reach $5 trillion mark by 2025: SBI MD
Read more about 12% annual credit growth needed to reach $5 trillion mark by 2025: SBI MD on Business Standard. Against bank credit of Rs 98 trn at present, desired level should be Rs 400 trn, says Dinesh Kumar Khara; As per RBI data, Bank credit growth was 10.24% in the fortnight to August 30 → Read More
Srei Infra moves regulators for buyback of NCDs from retail investors
Says buyback will prevent market operators from trying to get investors to sell their holdings at a deep discount, and will also make the exit route simpler → Read More
Slowdown will not impact social sector spending: Nirmala Sitharaman
Read more about Slowdown will not impact social sector spending: Nirmala Sitharaman on Business Standard. The GST council will take on GST rates reduction, she said → Read More
Banks meet on Sep 4 to discuss merger; SBI and BoB to share expertise
Read more about Banks meet on Sep 4 to discuss merger; SBI and BoB to share expertise on Business Standard. Lenders to be merged into a single entity to also hold separate meetings to chalk out roadmap; April 1 seen as pragmatic deadline for amalgamation → Read More
Public banks seek LIC funding as deadline to reduce govt stake to 75% nears
Most of the banks are planning to go for a qualified institutional placement to reduce the stake, and LIC would be a major subscriber of the issues, said a banker in a PSB → Read More
Microfinance sector grows at 42.9% in Q1 FY20 as asset quality deteriorates
Read more about Microfinance sector grows at 42.9% in Q1 FY20 as asset quality deteriorates on Business Standard. The data was released by the Microfinance Institutions Network (MFIN), the representative body of microfinance institutions → Read More
Liquidity crunch is impacting debt resolution plans, say lenders
Read more about Liquidity crunch is impacting debt resolution plans, say lenders on Business Standard. One-time settlements on the decline, say lenders → Read More
After lukewarm response to Spandana IPO, other MFIs re-evaluate IPO plans
Read more about After lukewarm response to Spandana IPO, other MFIs re-evaluate IPO plans on Business Standard. In the next few quarters, at least two other MFIs, Arohan and Muthoot Microfin are planning for an IPO → Read More
After Spandana Sphoorty, IPOs of more MFIs and SFBs expected in near future
Read more about After Spandana Sphoorty, IPOs of more MFIs and SFBs expected in near future on Business Standard. At least two other MFIs are planning an IPO soon - Arohan and Muthoot Finance → Read More