Like the US, India too has a sub-prime market and it is booming. The success of early entrants like Citi Financial and GE Money has encouraged several others to enter the consumer lending business, nearly half of which is a sub-prime market.
The government must set up a Bank Investment Company to shrink its role in PSBs, if we are serious about tackling the two persistent issues - lax corporate governance practices and discretionary decision-making, says Shyamal Majumdar.
The retail inflation, which is factored in by the RBI to arrive at its monetary policy, has been on decline since last month. The previous low was 5.54 per cent in November 2019. The government has asked the RBI to restrict the inflation around 4 per cent, with a margin of 2 per cent on the either side.
'When there is unlocking, there is demand revival.' 'This is going to be the main growth engine in this kind of an economic scenario.'
Rediff readers tell us about their first salaries.
The combined 10 Asian currencies have appreciated by 6.6%.
There is a dearth of talent in the Indian banking industry. A testimony to this is the two new CEOs in the private sector -- Sandeep Bakhshi in ICICI Bank Ltd and Amitabh Chaudhry in AXIS Bank Ltd -- have come from the insurance sector, says Tamal Bandyopadhyay.
Modi has taken a slew of measures to attract investment, but he has yet to initiate steps that could help repair corporate balance sheets.
India will allow three major Singapore banks to set-up wholly owned subsidiaries in the country to boost investments as part of the bilateral comprehensive economic cooperation agreement cleared by the cabinet on Monday.
India CEOs of 12 banks form pressure group within IBA.
The immediate concern for the rupee is the sharp spike in oil prices
According to Nielsen India online viewership has doubled since 2011.
ICICI Bank edged past foreign banking majors Citibank and Standard Chartered Bank to emerge as the best retail bank in India, according to the latest issue of 'Asian Banker Journal'.
Given the pressure from India Inc and the banking fraternity, it is surmised that the portfolio rejig will take place before April.
Ola said it has obtained licences to operate in South Wales and Greater Manchester, and will launch operations in South Wales by September.
The Bharti Group is raising $320 million in loans from a clutch of banks, including ABN AMRO and Singapore's DBS Bank, group chairman Sunil Mittal said on Tuesday.\n\n\n\n
At least a 25 basis points hike can be expected on the October 5 policy
Top ten banks of the world includes 4 from the USA, 4 from China and one each from the UK and Australia
If the rupee falls further, it would negatively impact the dollar-based returns of foreign investors, and could influence foreign flows into India.
Irrespective of demonetisation and GST blues, IIM Lucknow has been able to successfully place their batch of 459 students.
Five years into retirement, the little master is the third highest paid sports endorser. How did he script his return to relevance?
New Delhi says existing food stocks will be sufficient to contain any food price shock.
'Both IIP and CPI inflation numbers are showing a huge disconnect from the leading indicators.'
RBI will be cautious easing rates further given oil price uncertainties
Forex dealers said besides dollar's gains against the euro overseas, increased demand from importers for the US currency and a lower opening in the domestic equity market also put pressure on the rupee.
It has already cut the rate three times this year to loosen credit and boost slowing growth in Asia's third-largest economy.
The RBI has targeted consumer price inflation at 6 per cent by January and 4 per cent by March 2018.
Industrial production in November was expected to grow 1.0 per cent from a year earlier, after shrinking 1.8 per cent in October, according to the median consensus of 20 economists.
'The reason is that you may not enter the branch but you want to see it near you as it establishes trust.'
However, some experts also feel that there is a case for front-loading of interest rate cut to give a push to the economy
China would be an influential player in the bank
While far from being a currency war, India does not have much of an option but to depreciate to accommodate its exports at a time when China shows its intent to let its currency depreciate.
Offshore rupee debt was likely to attract good demand
The Reserve Bank may cut key interest rates as early as this week.
GST is the biggest revenue shake-up since independence
Food prices probably fueled a sharp rise in India's retail inflation in December after the record low struck the previous month.
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