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Devidutta Tripathy

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

Jun 18 2018

ICICI Bank names Bakhshi interim head as CEO Chanda Kochhar goes on leave during probe

MUMBAI ICICI Bank named group veteran Sandeep Bakhshi as its interim head, and said Chief Executive Chanda Kochhar would go on leave pending the completion of a probe over an alleged conflict of interest that has led to months of controversy for the lender.

Jun 16 2018

Singapore Exchange to continue SGX Nifty trade despite India dispute

MUMBAI The Singapore Exchange (SGX) said on Saturday a court-appointed arbitrator had told it to continue listing and trading SGX Nifty contracts beyond August 2018, during a dispute resolution with India's National Stock Exchange (NSE).

May 30 2018

Graphic: The woes of India's state banking sector in four charts

MUMBAI India's state-run banks posted a combined loss of 853.7 billion rupees ($12.65 billion) in the fiscal year ended this March, according to data compiled by Reuters, as their provisions for bad loans surged following stricter central bank rules.

May 30 2018

India state banks' bailout stumbles as losses mount

MUMBAI When the Indian government announced a surprise $32 billion bailout plan for the nation's state-controlled banks last October, credit rating firms and the nation's central bank saw it as a huge step to getting the industry back to robust health – and lending more to businesses and consumers.

May 25 2018

Bank of Baroda, IDBI post big fourth-quarter losses as bad loans surge

MUMBAI Bank of Baroda and IDBI Bank reported big fourth-quarter losses on Friday, continuing the losing streak of state-run lenders which have been hit by tighter central bank rules on bad loans.

May 22 2018

State Bank of India sees rebound after record $1.1 billion fourth-quarter loss

MUMBAI State Bank of India (SBI) projected a recovery over the next two years after a record 77.18 billion-rupee ($1.13 billion) fourth-quarter net loss following stricter central bank rules around bad loans, sending its shares to a nearly six-week closing high.

May 16 2018

India's Infosys sets up blockchain-based trade finance network with seven banks

MUMBAI India's Infosys Ltd has formed a blockchain-based trade finance network with seven private-sector banks, to increase security and efficiency in the banking sector while also broadening its product offering.

May 16 2018

India's Infosys sets up blockchain-based trade finance network with seven banks

MUMBAI, May 16 India's Infosys Ltd has formed a blockchain-based trade finance network in partnership with seven private-sector banks, to raise efficiency in the banking sector and strengthen its product offerings.

May 15 2018

Fraud-hit PNB suffers biggest ever quarterly loss for an Indian bank

MUMBAI/BENGALURU Punjab National Bank (PNB) reported a 134.17 billion-rupee ($1.98 billion) fourth-quarter net loss on Tuesday, the biggest ever by an Indian lender as the state-run bank booked provisions to cover a massive fraud.

May 12 2018

Bad loans push four Indian state banks to combined $1.74 billion fourth-quarter loss

BENGALURU/MUMBAI Four Indian state banks reported on Friday a combined net loss of 117.29 billion rupees ($1.74 billion) for the fiscal fourth quarter due to a jump in bad-loan provisions following a tightening of the Reserve Bank of India rules.

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