Subrata Panda

Mumbai

Reporter at Reorg

Gorlami! 😒

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Articles

$150 Million Insurance Claims Loom After AI 171 Crash

5 days ago | rediff.com | Aathira Varier |Subrata Panda

The claims will include three kinds of liabilities: Damage to the aircraft; loss of lives who were aboard the aircraft; including the crew members; and third-party liability because of loss of lives where the aircraft crashed; and cargo liability. IMAGE: Fire fighters at the AI 171 crash site, June 12, 2025. The crash of the Air India plane in Ahmedabad is expected to result in insurance claims of $130 million to $150 million, according to industry insiders.
Looking at double-digit growth for SME banking in India, says Xie Wen

5 days ago | business-standard.com | Subrata Panda |Manojit Saha

India is one of the largest small and medium enterprise (SME) hubs for London-headquartered Standard Chartered (StanC) Bank. Xie Wen, global head of SME banking at StanC, speaks to Subrata Panda and Manojit Saha in Mumbai about the bank's SME portfolio in the country, growth prospects, the impact of tariff-related uncertainties, and how the bank has supported its SME clients in navigating this challenging period. Edited excerpts:In terms of revenue, it is 18-20 per cent.
GIC Re will keep a provision of around ₹200 cr for Air India tragedy: CMD

5 days ago | business-standard.com | Aathira Varier |Subrata Panda

Following the devastating Air India crash that claimed over 270 lives, Ramaswamy Narayanan, chairman and managing director (CMD) of state-owned reinsurer General Insurance Corporation of India (GIC Re), spoke to Aathira Varier and Subrata Panda in Mumbai about claims the insurance industry is expected to see as a result of the tragedy. Edited excerpts:What would be the claims outgo for the Air India crash?
'The demand for health insurance is fine'

6 days ago | rediff.com | Aathira Varier |Subrata Panda

'The retail industry is still growing in double digits.'Tapan Singhel, managing director and chief executive officer Bajaj Allianz General Insurance, in an interview with Business Standard's Aathira Varier and Subrata Panda in Mumbai, talks about challenges facing the non-life insurance industry and his vision for its future direction. Following Allianz's decision to move out of the partnership, how has things changed for the company?
'Federal Bank Has To Now Play Test Matches'

1 week ago | rediff.com | Manojit Saha |Subrata Panda

'We are focusing more on loan against property and used commercial vehicle financing, so the risk does not change significantly, but the yield is higher.'Federal Bank has to enter the league of big private-sector lenders in the next 7-10 years, says K V S Manian, MD & CEO of Federal Bank.
Happy as NBFC unless there's glide path to becoming a bank: Umesh Revankar

1 week ago | business-standard.com | Manojit Saha |Subrata Panda

Umesh Revankar, executive vice-chairman of Shriram Finance, speaks to Manojit Saha and Subrata Panda in Mumbai about why the company is content remaining a non-banking financial company (NBFC), the segments it is currently focusing on, and how it plans to maintain a steady growth of 15 per cent, given the current economic growth of the country. Edited excerpts:What is stopping you from becoming a bank? The regulatory requirement for banks is very high.
Change of stance to neutral doesn't mean pause on rate cut: Economists

1 week ago | rediff.com | Subrata Panda

The change in stance to neutral from accommodative in the June monetary policy meeting does not necessarily signal that the Reserve Bank of India’s (RBI’s) rate setting body — monetary policy committee (MPC) — will go on a prolonged pause on rate cuts going forward, believe experts. The MPC, last week, cut the policy repo rate by 50 basis points (bps) to 5.5 per cent, surprising markets, which had largely priced in a more modest reduction of 25 bps.
HDFC Bank to pursue legal remedies against Mehta family of Lilavati Trust

2 weeks ago | rediff.com | Anjali Singh |Subrata Panda

Home » Business » HDFC Bank to pursue legal remedies against Mehta family of Lilavati Trust 6 Minutes Read Listen to Article HDFC Bank on Sunday said that it will “pursue all lawful remedies” to recover public funds and address the retaliatory actions taken by the Mehta family of the Lilavati Kirtilal Mehta Medical (LKMM) Trust, which has filed a complaint against the bank’s managing director (MD) & chief executive officer (CEO) Sashidhar Jagdishan alleging financial fraud. Get Rediff News in...
We should just go for unified licences; must open up distribution: Singhel

2 weeks ago | business-standard.com | Aathira Varier |Subrata Panda

Tapan Singhel, managing director (MD) and chief executive officer (CEO), Bajaj Allianz General Insurance, in an interview with Aathira Varier and Subrata Panda in Mumbai, talks about challenges facing the non-life insurance industry and his vision for its future direction. Edited excerpts:Following Allianz's decision to move out of the partnership, how has things changed for the company? We have seen many movements in the industry before, and they've had no impact.
Foreign investment in Indian corporate bonds hits 10-year high in May

2 weeks ago | rediff.com | Subrata Panda |Anjali Kumari

Foreign investment in bonds issued by Indian corporates touched a 10-year high in May at Rs 20,996 crore, driven by $3.35 billion fundraise by the Shapoorji Pallonji (SP) group, which saw infusion from Deutsche Bank, BlackRock, Morgan Stanley, Davidson Kempner, and Cerberus Capital, among others. The SP group sold three-year bonds, offering 19.75 per cent yield compounded annually and payable at maturity.