Merely bringing down the government stake below 51% may not find any taker for the PSBs. The government must bring down its holding to at least 26%, recommends Tamal Bandyopadhyay.
Moving from pricing control to a free market means stiff competition.
The message is clear: The 60-year-old wise uncles need to handhold the 40-year-old entrepreneurs when, obsessed with ambition and greed for growth, they become a victim of hubris, points out Tamal Bandyopadhyay.
While regulators are trying to do their bit, the onus is on you to prove it.
Fintechs need to behave with responsibility and transparency. A lot of mis-selling has been happening. Other issues have been plaguing the fledgling industry -- high interest rates, even higher processing fees, harsh collection process and, most critically, data leakage leading to rampant frauds, points out Tamal Bandyopadhyay.
The issue is likely to be discussed on Thursday at a meeting of Sebi's board, which would also be apprised of the impact of the Finance Ministry's decision for not agreeing to such a proposal from the capital markets regulator, sources said.
LIC is currently allowing customers to revive policies that have lapsed for more than two years.
On May 16, the leads will start trickling in from morning but the final result is likely to come only after 3.30 pm, beyond trading time for the equities segment in India.
The Financial Stability and Development Council meeting on Tuesday started with an air of tension in the room. An official present described the participants' body language as "tetchy". However, once presentations and discussions begun, the mood considerably eased.
This gains importance in the backdrop of speculation on a second term for Raghuram Rajan.
The applicant must have an operational savings bank account.
Let's wait for the monetary policy on February 8 -- to see how it complements the fiscal commitments, points out Tamal Bandyopadhyay.
The sector faces many challenges and calls for prompt corrective action.
If indeed the issues involved between the government and RBI are of immense public interest, why not make public the arguments of both the government and the RBI, irrespective of the outcome of the process, says Tamal Bandyopadhyay.However, the Act is silent on what happens if the governor's views differ from that of the government. If Patel does not want to budge from his stance the government can either see merit in the Governor's arguments and decide against going ahead with its plan or overrule him. My guess is that the issues raised by the government need to be sorted out not at the November 19 board meeting but between the Governor and the government, says Tamal Bandyopadhyay.
Much of the tardy reaction to competition is the result of LIC's legacy.
Better stick to equity diversified funds, says Larisssa Fernand
Before considering reducing the freedom of private investors in the derivatives market, we need to check if the maladies in markets elsewhere exist in India, says Susan Thomas.
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.
The finance ministry has put out a revised draft in public domain.
Fund managers weren't too worried in 2014, as it was a year of positive surprises.
The onus is on you to reject financial products that don't suit your needs.
2015 is set for a lot of changes - and some that we would like to happen
Sebi has pushed for better corporate governance of listed companies through measures such as the need for a succession policy
Many people struggle to claim or liquidate investments and insurance policies due to procedural issues.
Commercial banks are also expected to be soft on loan repayments and restructure the loans, if not write them off.
Digital lending apps extend small amounts at exorbitant rates. Payment delays invite messages to customer or close family members, often with sensitive information such as Aadhaar and PAN Card scans.
The trust deficit has widened with buyers losing confidence in a developer's ability to construct and deliver a project on time.
Sensex lacklustre, bluechips in focus.
'When we say we want to increase pension participation, do we want to increase participation through the savings route?' 'Or do we want people to save in specific pension products?' asks Renuka Sane.
Optimism about a stable govt at the Centre, a demand revival and falling oil prices buoyed the markets.
A glance back at some of the important ups and down Indian Inc faced in 2018.
In a recent lecture, RBI governor Raghuram Rajan dished out some frank advice -- don't get into 'jugaad', instead try for the long haul. Only that will sustain in the long-run.
The government has provided a long-term vision.
This is the joint statement issued by the ministry of external affairs on the visit of US President Barack Obama to India.
Indian economy about to take-off
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