Edition:
India

Suvashree Choudhury

Jeff Mason is a White House Correspondent for Reuters and the 2016-2017 president of the White House Correspondents’ Association. He was the lead Reuters correspondent for President Barack Obama's 2012 campaign and interviewed the president at the White House in 2015. Jeff has been based in Washington since 2008, when he covered the historic race between Obama, Hillary Clinton and John McCain. Jeff started his career in Frankfurt, Germany, where he covered the airline industry before moving to Brussels, Belgium, where he covered the European Union. He is a Colorado native, proud graduate of Northwestern University and former Fulbright scholar.

Twitter handle: @jeffmason1

23 May 2017

RBI outlines broad plans on $150 billion bank bad loan resolution

MUMBAI The Reserve Bank of India (RBI) outlined on Monday the broad contours of a plan to resolve the $150 billion bad debt problem plaguing the country's banks.

17 May 2017

Small businesses suffer as India's bruised banks sit on deposits

NEW DELHI/MUMBAI Businessman Vineet Pandey has 500 housekeepers, security guards, electricians and plumbers on his books, servicing offices in India's booming financial metropolis Mumbai. He would love to hire more to keep up with demand, but cannot get a bank loan.

12 May 2017

In Trump's shadow, Fed official says trade barriers a 'dead end'

MUMBAI/NEW YORK Trade protectionism is a "dead end" that may score political points but will ultimately hurt the U.S. economy, one of the most influential Federal Reserve officials said on Thursday in the central bank's strongest defense yet of open borders in the face of a skeptical Trump administration.

11 May 2017

In Trump's shadow, Fed official says trade barriers a 'dead end'

MUMBAI/NEW YORK Trade protectionism is a "dead end" that may score political points but will ultimately hurt the U.S. economy, one of the most influential Federal Reserve officials said on Thursday in the central bank's strongest defense yet of open borders in the face of a skeptical Trump administration.

11 May 2017

In Trump's shadow, Fed official says trade barriers a 'dead end'

MUMBAI/NEW YORK, May 11 Trade protectionism is a "dead end" that may score political points but will ultimately hurt the U.S. economy, one of the most influential Federal Reserve officials said on Thursday in the central bank's strongest defense yet of open borders in the face of a skeptical Trump Administration.

08 May 2017

Under Urjit Patel, RBI zooms in on 4 percent inflation target

MUMBAI Under Governor Urjit Patel, the Reserve Bank of India (RBI) will target inflation of 4 percent, three officials familiar with its thinking said, adopting a narrower reading of its mandate than markets in a bid to stamp out rampant price rises of the past.

21 Apr 2017

India benchmark bond yield at seven-month high; rate hike fears rise

MUMBAI India's benchmark 10-year bond yield rose to its highest in seven months on Friday after minutes of the central bank's rate-setting committee meeting contained strong warnings on inflation, dimming hopes of a rate cut in the short term and sparking bets for a tightening move instead.

13 Apr 2017

State Bank of India sees profit boost in three years after bank units merged

MUMBAI The head of State Bank of India , the country's largest lender, said she expects a boost to annual profit of as much as 30 billion rupees ($465 million) in three years on cost and efficiency gains from the absorption of associate banks.

07 Apr 2017

RBI moves to cut system's excess cash to help contain inflation

MUMBAI The Reserve Bank of India surprised markets on Thursday by raising a secondary rate while holding the key rate steady, a move to help mop up liquidity and signal its worries about a potential spike in inflation.

04 Apr 2017

Preview: RBI seen holding rates, not pulling another surprise

MUMBAI The Reserve Bank of India has pulled surprises at its last three policy meetings, so another can't be ruled out at Thursday's review, but analysts uniformly expect no change in interest rates.

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