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<keyword id="6358584" type="CITY" weightage="100" keywordseo="HSBC">HSBC</keyword> India head <keyword id="46971" type="PERSON" weightage="100" keywordseo="Naina-Lal-Kidwai">Naina Lal Kidwai</keyword> will retire this December after serving the bank for 13 years, HSBC said today. "During this period, she has served HSBC with distinction in a number of senior roles, and we wish her every success for the future," <keyword id="705607" type="PERSON" weightage="100" keywordseo="Peter-Wong">Peter Wong</keyword>, Chief Executive of HSBC Asia-Pacific said. 

	Kidwai joined HSBC in 2002 as Vice Chairman and Managing Director at HSBC Securities and Capital Markets, India and was appointed Group General Manager of the Bank in 2006.
 

	She took over as CEO of HSBC India in 2007 and as Chairman of HSBC India in 2009. 
 

	"Having reached retirement age, it is time for me to move to different pursuits. I intend to spend more time in the areas of women empowerment and water and sanitation where I have been engaged over the last decade in different capacities," Kidwai said. 

	 
	 
	(Image credits: Indiatimes)

Naina Lal Kidwai to retire as the Chairperson of HSBC India

Eight Indian women have made it to the Fortune list of 25 most powerful women who have shaped the new world order in the <keyword id="68550" type="COMPANY" weightage="20" keywordseo="asia-pacific">Asia-Pacific</keyword> region. Indian women who have made a mark include: ICICI CEO <keyword id="45875" type="PERSON" weightage="80" keywordseo="Chanda-Kochhar">Chanda Kochhar</keyword>, State Bank of India’s <keyword id="6379603" type="PERSON" weightage="80" keywordseo="Arundhati-Bhattacharya">Arundhati Bhattacharya</keyword>, and HPCL’s Nishi Vasudeva, and have earned the second, fourth and fifth rankings respectively. 
 Other Indian women in the top 25 are: Axis Bank's Shikha Sharma (10th), <keyword id="269112" type="POSITION" weightage="20" keywordseo="Biocon-chief">Biocon chief</keyword> Kiran Mazumdar-Shaw (19th), National Stock Exchange (NSE) CEO Chitra Ramkrishna (22nd), HSBC's Naina Lal Kidwai (23rd) and TAFE chairman and CEO Mallika Srinivasan (25th). 
 <keyword id="175618" type="ORGANIZATION" weightage="80" keywordseo="Fortune-magazine">Fortune Magazine</keyword>, releasing the latest rankings, said "More and more businesswomen are taking tougher jobs and helming bigger firms. More than a third of the women on our Asia-Pacific list are making their MPW (most powerful women) debut." 
 Meanwhile, <keyword id="6421975" type="PERSON" weightage="80" keywordseo="Indra-Nooyi">Indra Nooyi</keyword>, <keyword id="54572" type="CITY" weightage="80" keywordseo="PepsiCo">PepsiCo</keyword>'s <keyword id="2528634" type="POSITION" weightage="80" keywordseo="India-born-CEO">India-born CEO</keyword>, has been ranked third among the world's most powerful business women by Fortune. She is only Indian-origin woman on this year's global list, which has been topped by IBM chairman and CEO Ginni Rometty and <keyword id="4581" type="CITY" weightage="60" keywordseo="general-motors">General Motors</keyword> CEO Mary Barra. 
(Image: indiatimes)

Indian Women Shine, Make Their Way In Fortune’s List of Most Powerful Women In APAC

Do you think the RBI will go for rate cut tomorrow? The central bank is under extreme pressure to cut interest rates in its third monetary policy review of this fiscal. Well, we have to wait for August 4, but its effect is noticed today on the benchmark <keyword id="35140" type="CITY" weightage="60" keywordseo="BSE">BSE</keyword> <keyword id="6484188" type="CITY" weightage="80" keywordseo="Sensex">Sensex</keyword> that advanced over 72 points to settle the day at over one-week high of 28,187.06. 
 However, experts have voiced different views over the issue, saying high retail <keyword id="22195" type="COMPANY" weightage="100" keywordseo="Inflation">inflation</keyword> may hold it back from doing so, reported PTI. 
 Most bankers and experts are of the view that the possibility of an <keyword id="37018" type="UNKNOWN" weightage="80" keywordseo="interest-rate">interest rate</keyword> cut by the <a href="http://www.businessinsider.in/searchresult.cms?query=Reserve+Bank+of+India+%28RBI%29+">Reserve Bank of India (RBI)</a> is very low as retail inflation remains high. 
 
In the wake of low wholesale <a href="http://www.businessinsider.in/searchresult.cms?query=inflation+">inflation</a> and slowdown in industrial growth, <a href="http://www.businessinsider.in/searchresult.cms?query=India+Inc+">India Inc</a> is pitching for a rate cut. Even the government wants the benchmark rate to be cut to prop up growth. 
 <keyword id="13222" type="CITY" weightage="80" keywordseo="SBI">SBI</keyword> Chairperson <a href="http://www.businessinsider.in/searchresult.cms?query=Arundhati+Bhattacharya+">Arundhati Bhattacharya</a> is not expecting any rate cut. She said: "WPI is (negative), but CPI has gone up a little though it is mainly on account of food prices. RBI has been benchmarking it to CPI numbers, I think it is unlikely." 
 
While retail inflation in June rose to an eight-month high of 5.4%, the overall wholesale price index (WPI) based inflation was (-) 2.4% in the same month. 
 
The central bank mostly tracks the consumer price inflation for its monetary policy decision. 
 
Bank of Baroda Managing Director and CEO Ranjan Dhawan said: "It would be a status quo. I don't think there has been much change in the macroeconomic conditions from the last policy.” 
 
He said that the central bank is closely monitoring monsoon and so far nothing could be said about its nature - good or bad. 
 
Some bankers are of the view that there is scope for further rate cut by RBI, but whether it accommodates that in this policy is in the realm of speculation. 
 
<a href="http://www.businessinsider.in/searchresult.cms?query=HDFC+">HDFC</a> Bank Deputy MD Paresh Sukthankar said: "... it is difficult to hazard a guess on what move the RBI would be taking on Tuesday, but interest rates are on a downward trend. I expect RBI to cut rates by 25-50 basis points this fiscal." 
 <keyword id="46977" type="COMPANY" weightage="80" keywordseo="HSBC-India">HSBC India</keyword> Country Head Naina Lal Kidwai said: "We are expecting 0.25% reduction and 0.5% by the end of the year. If reduction has to be done, why not do it early? This will benefit industry and boost growth." 
 
Monsoon has been good so far and the impact on farm production is awaited, she said, adding, "Our challenge is not about just base rate that RBI will do, but the banking system should make interest rate much more attractive for investment". 
 
According to analysts research firm <a href="http://www.businessinsider.in/searchresult.cms?query=Moody%27s">Moody's</a>, the central bank might cut the benchmark rate by 0.25% in the bi-monthly monetary policy review tomorrow as inflation is likely to remain subdued on the back of average rainfall and lower commodity prices. 
 
On June, in its last review, the Reserve Bank of India cut repo rate 0.25% for the third time this year. 
 
During the calender year, RBI has reduced the rate thrice by 0.75%. It was cut by 0.25% each in January, March and June. 
 The central bank cut the policy rate (the short-term lending rate) to 7.25% in June from the earlier 7.5%, but left cash reserve ratio (<keyword id="35038" type="ORGANIZATION" weightage="60" keywordseo="crr">CRR</keyword>) and statutory liquidity ratio (SLR) unchanged at 4% and 21.5%, respectively. 
 
"RBI meets next on August 4 and we expect the benchmark repo rate to be held unchanged at 7.25% after cumulative 75 bps cuts since January 2015," DBS said in a research report. 
 
It said that if the official commentary signals a start to the US rate hiking cycle later this year, "it will affirm our expectations that RBI will maintain a prolonged pause on the rates front". 
 
Industry chamber ASSCOCHAM also pitched for reduction in repo rate by 25 basis points. 
 
Factors like a modest rise in minimum support price (MSP) for various crops together with benign global commodity prices and others are likely to result in moderating consumer price index (CPI) at 5.2-5.4% in the second half, thereby undershooting the apex bank's earlier projection of six% in January 2016, it said. 
 
(Image: Reuters)

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Naina Lal Kidwai to retire as the Chairperson of HSBC India

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Indian Women Shine, Make Their Way In Fortune’s List of Most Powerful Women In APAC

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RBI Governor Raghuram Rajan under pressure to cut rates: Will he succumb to it?

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