The HR challenge seems to be one of the most important issues that RBI Governor Shaktikanta Das will have to tackle.
The reason for the stickiness in bond yields can be many, but the most responsible is the liquidity deficit stance taken by RBI, says Anup Roy.
A government can't just take away public money, and the RBI can't extinguish its liability. 'The RBI has to honour the value any time a person with legal and taxed money lays claim on the value.'
'The PCA framework was revised and tightened in April 2017, but there was no discussion in any board meeting. The government does not know the rationale behind revising the framework and how the RBI arrived at it. Similarly, there was no discussion in the board meeting on the revised NPA framework,' said an official.
There is not much bank employees can do, but some words of encouragement from the management would have helped. Stretched working hours and the tense atmosphere is taking a toll on their health.
Barry Eichengreen, professor of economics and political science, University of California, Berkeley, analyzes the transparency of the Reserve Bank of India, the growth rate of the Indian economy and why he feels globalisation can never be rolled back.
The theory that all banned notes will come back into the system may not be true. Anup Roy finds out.
Only when the RBI inspection started on September 19 did they realise that their game was up and one of them had sent a letter to the central bank, leading to the RBI crackdown, report Anup Roy and Subrata Panda.
The culture of these firms is alien to the Indian financial system. Distressed assets funds are known for their ruthless recovery ethics. Slicing and dicing a company and selling it on a piecemeal basis is their usual practice. This is something Indian banks are finding a little uncomfortable.
Interview with former Reserve Bank of India governor by Duvvuri Subbarao.
The central probe agency had on Friday carried out a fresh round of searches in connection with the case, they said.
Hopefully, the grey world of central banking in a nation hit by demonetisation, will lighten up with some of his notes soon.
About Rs 15 lakh crore of high-value notes were scrapped, against which RBI has managed to supply roughly Rs 4 lakh crore worth of notes in the market so far, Anup Roy/Business Standard reports from Mumbai.
When the doyenne of television decides to party, all her friends make it a point to attend.
Since most Indian firms have kept their forex exposure unhedged, credit profile of companies in the highly sensitive sectors such as oil & gas, metal & mining, airlines could weaken substantially, says Anup Roy.
Arundhati Bhattacharya talks about SBI's strategies, its aim to be among the top 30 banks globally, and stressed assets resolution.
The banking sector's credibility is on thin ice. Unless the government takes strict steps, things could get worse.
With about 2,000 qualified engineers to service ATMs across the country, it is an uphill task to modify 220,000 machines.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Under the scheme coming into effect from April 1, 2018, a donor could purchase bonds from authorised banks against cheques or digital payments. These would be redeemed only in the designated account of a registered political party.
'Overall, the Indian economy is doing well.' 'Our economic fundamentals are strong and the early signs of recovery are sustainable.' 'This is positive for the market in the long run.'
The event will also hurt PNB's asset quality in the March 2018 quarter. While the finer details of the fraud have not been provided, making it difficult to gauge the exact impact, analysts say it will dent the bank's financials.
'With technology advancing rapidly, the need for branches is declining.'
'We appreciate his positive evaluation of the relationship and share his optimism about its future directions.' 'We look forward to welcoming him in India next week for detailed discussions on further strengthening of our partnership,' the MEA said on Friday.
StanChart India CEO Zarin Daruwala is building a culture of 'celebrating liabilities,' the tough negotiator tells Niraj Bhatt and Anup Roy over lunch.
See who came to congratulate the newlyweds.
Despite the rating agency CARE withdrawing the ratings assigned to the bank facilities of FIPL "with immediate effect" following the receipt of a no-objection certificate (NOC) from the banks, Modi's company received uninterrupted letters of undertaking (LoUs) from PNB, which were honoured by other banks until a few weeks ago.
A glance back at some important events that occurred in 2018.
Bollywood pays their respects to the veteran actor.
On Friday, Salman Khan hosted a wedding reception reception for the new couple at the Taj Lands End in the western suburbs of Mumbai. Bollywood celebrities came out in numbers to bless the new couple.
Paatal Lok is definitely a must watch show. The credit for its success goes to the writers who enthralled us with their unique characters, but also to the wonderful band of actors who grabbed the opportunity to showcase their frightening raw talent, notes Aseem Chhabra.
'There has to be an 18-month transition.' 'But if the government had some prior knowledge that the high value notes were being used for an imminent terrorist activity in the country, then we have to accept the step.'
'The banking sector appears to be on course to recovery,' declares the RBI governor.
If money allocations, investment commitments are a sign of better things to come, the state can be optimistic.
Reserve Bank of India Governor Shaktikanta Das tells Anup Roy, Raghu Mohan and Niraj Bhatt that it is time for banks to lower interest rates and start lending to cash-starved finance companies after due credit appraisal and proper risk assessment.
'After being a housewife for 13 years and a mother of three, I was put on stage with Shah Rukh Khan! I was trembling on stage and did not know what to do. From singing bhajans with Anup Jalota, I was doing hip-hop and item songs!' Baby Doll singer Kanika Kapoor tells us her inspirational story.
Finance Minister Arun Jaitley witll spearhead the campaign with BJP President Amit Shah as its chief strategist.
RBI is unlikely to stem the slide against the dollar as the greenback is rising rapidly against all currencies in the world.
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