Bankers Trust:

Regulators vs Sahara: the untold story

Regulators vs Sahara: the untold story

Mumbai: On the evening of 12 September, the Lucknow-headquartered Sahara group released a statement saying the capital market regulator had refused to accept documentation related to investors in securities sold by two group companies. The statement seemed to imply that Sahara was struggling valiantly to cope with an order by the country’s highest court and the regulator was being cussedly officious. But there’s more to this story.

Bankers Trust:

Once upon a Mamata

Once upon a Mamata

As a probashi Bangali, I have been watching West Bengal chief minister Mamata Banerjee on television. It’s unavoidable. The lady’s been ceaselessly in the news— latterly because of the decision to withdraw the support of her Trinamool Congress party from the United Progressive Alliance government at the Centre.

Bankers Trust:

Subbarao takes the middle path

Subbarao takes the middle path

Reserve Bank of India (RBI) governor D. Subbarao seems to be a believer in majjhima patipada, or the middle path of Buddhist philosophy—moderation. So there was no rate cut in the mid-quarter policy of the central bank on Monday; instead there was a cut in banks’ cash reserve ratio (CRR), or the portion of deposits that commercial banks need to keep with the central bank.

Bankers Trust:

Are banks in a denial mode?

Are banks in a denial mode?

Too many sectors and companies are in stress and that’s not good news for the banking system, says Tamal Bandyopadhyay. Anil Ambani is looking to sell the stake Reliance Communications Ltd (R-Com) has in Reliance Infrastructure Ltd and list R-Com’s undersea cable unit. The chairman of India’s second largest mobile carrier by subscribers has said the entire proceeds would be used to repay debt.