Atanu Chakraborty

A more stable balance sheet because of the merger will enable HDFC Bank to step up exposures and facilitate higher credit growth in the economy, said the chairman

The meeting of the board of directors will be convened in due course to appoint Chakraborty as chairman and ad­di­tional director

Private sector lender HDFC Bank on Friday said the Reserve Bank has approved appointment of former Economic Affairs Secretary Atanu Chakraborty as the part-time chairman of the bank

Former Economic Affairs Secretary Atanu Chakraborty is likely to be the next Chairperson of the country's largest private sector lender HDFC Bank, sources said.

"The government lacks the fiscal space. It will not be feasible to give grants to the industry to take care of its wage bills," sources said.

Finance Minister Nirmala Sitharaman had in her budget for 2020-21 pegged gross borrowing in the new financial year at Rs 7.8 trillion, higher than Rs 7.1 trillion estimated in the current fiscal

Officials said the amount was not much to have any bearing on the fiscal position

The government aims to garner Rs 90,000 crore from the listing of LIC and stake dilution in IDBI Bank in the next fiscal out of total disinvestment target of Rs 2.10 trillion.

Task force headed by economic affairs secy identifies projects across sectors

A 1984 batch officer from the Jharkhand cadre, Kumar is known as the driving force behind the spate of mergers of state-owned banks

Global rating agency S&P has reaffirmed sovereign rating of India with stable outlook, Economic Affairs Secretary Atanu Chakraborty said on Tuesday. The rating action comes weeks after another global agency Moody's Investors Service lowered the country's rating outlook to "negative" from "stable". "S&P has reaffirmed sovereign rating of India at BBB- with stable outlook. They have stated that India's economy continues to achieve impressive long-term growth rates despite a recent deceleration," Chakraborty said in a tweet. 'BBB' signifies adequate capacity on an entity to meet its financial commitments. However, adverse economic conditions or changing circumstances are more likely to weaken its capacity to meet financial commitments. The rating action comes at a time when the government is facing flak from opposition parties for not doing enough to check the slide in economic growth, which hit six year lower low of 4.5 per cent in the second quarter of the current ...

Outlook downgrade comes 2 yrs after ratings upgrade. Govt says fundamentals remain strong

The Centre could still rein in the deficit at the targeted level in the current financial year

Concerns have been raised by different agencies about the ability of the government to meet the fiscal deficit target

Chakraborty, a 1985-batch IAS officer of the Gujarat cadre, is currently the Department of Economic Affairs secretary

During her Budget speech, Finance Minister Nirmala Sitharaman had said the government would start raising a part of its gross borrowing programme in external markets in foreign currencies

Out of the gross borrowing for Rs 7.10 trillion budgeted for 2019-20 fiscal, as much as 62.5 per cent has already been borrowed during April-September, he told reporters

Top bureaucrats across 12 ministries, departments and agencies reshuffled

Interview with director general hydrocarbons