2018 has been a disappointing and highly volatile year for equity investors.
India imports 1.2 billion barrels of oil, and oil prices are falling, falling...
The combined entity is set to be the third largest bank in India, behind State Bank of India and ICICI Bank.
'The macro-economic stresses -- high interest rates, rupee depreciation and capital flows -- have receded now.' 'Interest rates have come down, inflation is down and the rupee has bounced back.' 'If oil prices continue at this level, there will be no vulnerability.' 'Growth is a different story.'
The HR challenge seems to be one of the most important issues that RBI Governor Shaktikanta Das will have to tackle.
Not only were Urjit and Rajan outsiders, they also hired laterally, bypassing the existing talent, especially in the field of economics
A staunch defender of demonetisation, it would be interesting to see how he handles the government's increasing demand for more cash from the RBI, and letting some weak banks get out of prompt corrective action.
For willful defaulters, change in ownership accompanied by punitive action against the defaulting management is the way to go.
The main reason was that CPI inflation would likely remain below 4 per cent till July.
For banks, the package will limit the burden of provisioning for stressed loans. Besides, the proposed restructuring package for MSMEs with a credit of up to Rs 25 crore is expected to provide a breather to units from this sector.
If a name does not unify the three, there could be continued clash of identities, which could splinter the brand even before it takes shape, say Abhijit Lele and Nikhat Hetavkar.
Tension between the government, specially the finance ministry, and RBI is as old as the central bank itself.
From zeroing in on the best means for stake dilution to moving beyond microfinance, Bandhan navigates a tough path. Namrata Acharya reports.
Governments that did not respect the central bank's independence would sooner or later incur the wrath of financial markets, ignite economic fire, and come to rue the day they undermined the regulatory institution, Deputy Governor Viral Acharya warned.
The problem for the NBFC sector is the funding inertia by banks and not lack of funds.
The current episode highlights the structural vulnerabilities in the liquidity management practices of Indian NBFIs
NBFCs are facing the heat of a crisis at IL&FS, which defaulted on repayment of its commercial paper dues, leading to a contagion effect in the sector.
PSB executives said loans to group holding company IL&FS and entities might still be treated as "standard".
The general nervousness because of the IL&FS default will prevail in the system for now.
The IL&FS group has a complicated structure, with the holding company owning stakes in its financial services arm as well as the subsidiaries that operate its infrastructure assets.
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