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Bhaskar Dutta

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Articles

HSBC wins $5.5 billion of NRI deposits via leveraged strategy

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By Saikat Das Verified, Bhaskar Dutta
| ET BFSI Verified
HSBC has mobilised about $5.5 billion in non-resident Indian deposits by offering highly leveraged loans under the RBI's FCNR(B) window, outpacing global rivals. The strategy has helped attract diaspora wealth, contributing to the roughly $32 billion raised by Indian banks through foreign currency deposits.
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India's Sitharaman Says No Plan to Adjust Budget Numbers for Now

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By Bhaskar Dutta
| Financial Post Verified
(Bloomberg) — India is not planning to reconsider its budget numbers for now as the country has sufficient buffers to deal with pressures stemming from the Middle East conflict, Finance Minister Nirmala Sitharaman said. Sign In or Create an Account The government has “some resource kept aside” to meet challenges arising from rising risk insurance premia as ships pass through war zones, Sitharaman said at an event in Mumbai on Sunday. We apologize, but this video has failed to load.
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India youth protests end as Modi bows to group's demands

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By Akriti Sharma, Bhaskar Dutta
| Killeen Daily Herald Verified
India's youth protesters called off their nationwide demonstrations after the government accepted their key demands including the resignation of Education Minister Dharmendra Pradhan, marking rare concessions to a popular movement. Federal ministers and leaders of the Cockroach Janta Party announced the agreement at a joint media briefing in New Delhi on Saturday, bringing an end to weeks of protests over examination paper leaks and irregularities in India's testing system.
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