Latest news with #TamalBandyopadhyay
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Business Standard
2 days ago
- Business
- Business Standard
RBI monetary policy: Repo rate cut brings early Diwali cheer for consumers
The RBI reduced the policy repo rate for a third successive time, which was widely expected premium Tamal Bandyopadhyay Listen to This Article If you were walking on Mumbai's Mint Road on Friday, where India's central bank is headquartered, you would have seen fireworks. Yes, the Reserve Bank of India (RBI) has brought Diwali four and a half months early for consumers this year. The RBI reduced the policy repo rate for a third successive time, which was widely expected. But what was not expected was the depth of the rate cut — 50 basis points (bps). The three rate cuts since February have brought the policy repo rate down from 6.5 per cent to 5.5 per cent in just four months. One
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Business Standard
18-05-2025
- Business
- Business Standard
When DFS Secretary Nagaraju played the role of King Vikramaditya
Customer service and excellence are buzzwords in the Indian financial system now. Both the government and the Reserve Bank of India (RBI) are writing a new chapter in Indian banking Tamal Bandyopadhyay Listen to This Article Legend has it that King Vikramaditya of the Gupta Dynasty frequently disguised himself as a commoner to assess the wellbeing and conditions of his subjects. Recently, the secretary in the Department of Financial Services (DFS), Ministry of Finance, played the role of Vikramaditya to check how banks were serving their customers. Of course, unlike the ruler of Ujjain, he was not in disguise. On April 8, after lunch, M Nagaraju, a 1993-batch Indian Administrative Service officer, left North Block, which houses the finance ministry, and drove down to the Parliament Street branch of a large public-sector bank. Posing as a
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Business Standard
27-04-2025
- Health
- Business Standard
How to make health insurance healthy: Curb frauds with healthcare regulator
A healthcare regulator on the lines of the Real Estate Regulatory Authority could standardise hospital pricing and treatment protocols, and reduce frauds Tamal Bandyopadhyay Listen to This Article On July 16 last year, a private hospital at Patran in Patiala, Punjab, sought authorisation from a large health insurance company for cashless treatment of a patient admitted for dengue fever with thrombocytopenia, a condition that occurs when the platelet count in one's blood is too low. The amount involved was Rs 1.28 lakh. The third-party administrator (TPA) – an intermediary that helps insurance companies manage claims and policies on behalf of policyholders – confirmed the admission. The discharge was still pending due to the patient's illness. A follow-up verification by the insurance company the next day let the cat
