While the FPI limit on most bond issues would not be raised above 6 per cent, there would be some in which there would be no limits, reports Arup Roychoudhury.
Kangana Ranaut, Hrithik Roshan and Ajay Devgn get ready to live real lives.
'Without bold action to deal with our banking crisis, count on the economy's doldrums to continue for much longer than most of us anticipate,' says Rahul Jacob.
These cash shortages increase banks' funding costs, making it harder for them to lower lending rates
Prof Ananth Narayan, well known financial expert who works as a faculty member at the SP Jain Institute of Management and Research and the RBI's nominee director on the board of Yes Bank, expects a double-digit contraction in India's GDP this fiscal year. In the first of a two-part interview to Shobha Warrier/Rediff.com, Prof Narayan, below, says, "Giving liquidity and loan to cover the cash flow problem is not sufficient because you are essentially increasing the debt of many of these companies. And they might not be able to bear the burden."
'We first need to acknowledge the truth.' 'We are trying to diminish the problem and say, everything is okay and green shoots are emerging.' 'Imagine you are a doctor and not getting accurate medical reports, how do you diagnose and treat the illness?' 'We are not dealing with a terminal illness here, we are dealing with BP and cholesterol, which are imminently curable.'
Bankers expect RBI to help them spur lending growth.
After months of denying there was a liquidity problem, Governor Raghuram Rajan has reversed course.
May touch 64/$ due to foreign flows slowing down
Like everything else, the structure of banks may change, and banks may depend more on digital technologies and artificial intelligence for dealing with both their customers and employees.
The RBI cut rates for third time in 2015 due to favourable economic conditions.
The banking sector's credibility is on thin ice. Unless the government takes strict steps, things could get worse.
Experts hail Budget 2015 as a progressive, growth oriented one.
Modi government has to come up with a robust economic agenda to impress the masses.
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