'The Reserve Bank's independence has remained a work in progress, an enduring challenge that the nation has been grappling with on an ongoing basis,' says RBI Deputy Governor Dr Viral Acharya.
Lenders can now review a borrower account within 30 days of default. Earlier, the banks had to start resolution within one day of default.
Today, it is modish to be part of a yoga class, to post stories on Instagram while striking an impressively complex asana in a bralette and crop-top paired with neon yoga pants, to bond over green tea and yoga bars after a strenuous session at the studio and have subscriptions to yoga studios, not ashrams, says Manavi Kapur.
These consistent performers are expected to maintain momentum.
Rajan tells RBI colleagues he will be returning to academics
Farm loan waivers should not be regarded as expenditure but as incentive and investment, argues B S Raghavan, the distinguished civil servant.
Tech start-up set to change wellness segment with cloud-based services.
Though Indian banks don't have large exposure to subprime mortgages, analysts are worried at the rise in their restructured loan portfolios and deterioration in credit quality.
Indians want change and progress. They should be willing to accept tough decisions, says Sanjeev Nayyar.
RCom is expected to have a 50% stake, Aircel 40% and MTS 10%
Heading Crisil would have been the peak of most people's professional lives. But Roopa Kudva felt that was the right time to change tracks.
The Badshah of Bollywood entertained the houseful audience at IIM Bangalore's first Global Alumni Leadership Summit with his brand of leadership lessons in his trademark style and sense of humour.
Never one to mince words, Rajan will walk away with a mixed legacy
Two technocrats, two hard-boiled politicians are India's new Cabinet ministers...
Whilst substantive public allocations have been made in the infrastructure sector, this strategy is plateauing due to the fiscal deficit constraint, capacity limitation of statal implementing agencies, the declining ability of PSUs, and the precarious situation of the Railways' operating ratio. It is, thus, high time to get the policy compass to point at rejuvenating private sector investments in infrastructure, says Vinayak Chatterjee.
The country has a long way to go before it claims to have arrived, he said.
The resignation is sure to create more political firestorms for the government as it comes on the eve of the winter session of Parliament where the Opposition has already made it clear to the treasury benches that infringing on the RBI autonomy would be a big talking point for them.
Joydeep Ghosh takes stock of personal finances after the life-altering surprises of 2016.
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According to a study by Central Institute of Post Harvest Engineering and Technology, Punjab, every year, 18 per cent of fruits and vegetables worth Rs 44,000 crore (Rs 440 billion) are wasted.
A new generation of scholars -- this time, sociologists and anthropologists, who hitherto have been busy with researching social practices of primitive tribes and social structures like India's caste system -- are starting to cast their eyes on the financial sector.
'Flush with funds, lending became a cash management exercise.' 'Road projects, power generation plants, airports etc were financed left and right with apparently no regard for the projects' ability to repay,' explains S Muralidharan, former managing director, BNP Paribas.
What was the RBI doing, what was the PNB top management doing, what were the auditors doing, asks Debashis Basu.
Public sector banks are inefficient, poorly governed and beset by largescale corruption.
New listing on the BSE will create more jobs, say experts.
Mudra Bank will be a Rs 20,000-crore institution, which would "primarily be responsible for refinancing all micro-finance institutions.
India's good fortune, experts in the US feel, is not the result of a fundamentally strong economy, but because it is the best of a bad set of options.
Jaitley assured that both the banking system and the government will make the resources available to them.
India has made a remarkable journey from a top-down system of economic decision-making to one that unleashed our entrepreneurial spirits but the next big jump lies in enhancing the quality of our tale.
Tamal Bandyopadhyay offers some unsolicited advice for a government wh,ich came to power, with brute majority and the nation's pragmatic chief money man.
Experts said many firms had unbilled assets on their books.
For the first time in our economic history a government has thought about more than 50 per cent of our economic activity instead of the five per cent represented by the Sensex companies, observes IIM-B professor R Vaidyanathan.
'When a soldier becomes a king, he better be a king. He should now just forget the past and move beyond continuity. He should catch the potential of India's moment and play a leader's role,' says Vallabh Bhansali of Enam Group.
With a sole mandate of inflation targeting, RBI wears many hats.
India Inc has too much on its plate to ensure double digit growth in FY16.
Budget could well determine if Achche Din will materialise
The BRICS summit offers Modi an excellent platform to reach out to world leaders and conduct diplomacy on the very ticklish issue of reform of the world governance structure, and to exchange notes with his peers on international, regional and bilateral issues on the margins of the meeting, says Rup Narayan Das.
The Cyrus Mistry camp is confident that independent directors will take their cue from their counterparts in Indian Hotels.
Modi's Make in India will work only if the cost of borrowing comes down.
Mirach Capital rejected accusations of indulging in forgery.
'There is no difference between the earlier government and the present government.' 'They are all following the economic policy based on the Chicago School of thought.' 'This school of thought says the government should have very little role in governing the country and the majority of the work should be handed over to the private sector.' 'This has not succeeded in the US.' 'Yet, it is being tried here by people like Arvind Subramaniam, Arvind Panagariya, Urjit Patel and Raghuram Rajan.'
