The government has made it much harder for tycoons to get special dispensations from Delhi
If banks cannot charge interest from borrowers during the moratorium, who will bear that cost? Should the depositors subsidise the borrowers by foregoing interest on deposits? In that case, we will turn banking on its head! notes Tamal Bandyopadhyay.
Fed rate hike 'makes sense,' says US reserve bank president.
Former chairman of the UIDAI Nandan Nilekani, elucidates how Aadhaar could become the spine for alternative banking and could replace government services with cash benefits.
Till March 2011, things were manageable.
Banks are likely to cut rates even further, say finance minister Arun Jaitley.
Norms governing investments by provident funds bar these from depositing funds in a commercial bank in case the NPAs of that bank exceed two per cent of net advances.
The career bureaucrat-turned-central banker walked into the 19th floor corner room of the Reserve Bank on December 12, 2018. Since February 2019, the Das-led RBI has cut the repo rate by a whopping 135 basis points to support the sagging growth, including an unprecedented 35 bps reduction in August. As he completes one year at the helm, woes in the NBFC sector, overall health of the banking sector and steeply falling economic growth are among the major challenges that needs to be tackled sooner than later.
The central government's deposits with the RBI had fallen to just Rs 100 crore as of June 8.
JM Financial Consultants, Arpwood Capital and Alvarez & Marsal will advise the board going forward
The result of the opinion polls would allow the government to move ahead quickly to reach a deal with creditors
India Inc is seeking at least quarterly interactions with senior government representatives to establish a channel of communication and help change the opinion at the highest level.
The meeting will focus on how to make the crisis an opportunity for India.
If the country is to meet its jobs and income challenge, there has to be a parallel focus on jobs in the formal sector.
'One by one we are seeing these private banks taking people's money and mismanaging it.' 'In the last 30 years, 30 private banks have collapsed.' 'Nationalise all banks so that people's money is safe.'
Three major central banks have hit the zero limit, the Fed, the European Central Bank and the Bank of Japan.
Addressing bankers and economists at Bancon 2013, a flagship event of the Indian Banks' Association, Chidambaram told the lenders to deal firmly with wilful defaulters, but handhold those who are reeling under the impact of the economic slowdown.
Railway Budget has not discriminated against any state.
It will be headed by Secretary, Department of Financial Services.
'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.
Ex-bankers, retired government officials and journalists have been roped in by the Election Commission to hold 'charcha' or dialogue sessions with voters as part of its drive to crack down on black money instances in "expenditure-sensitive" pockets.
RBI on Monday conducted an unprecedented level of liquidity infusion to the tune of Rs 3.3 lakh crore, in which banks bid for as much as Rs 4.5 lakh crore. The central bank said it would conduct a liquidity infusion auction of Rs 1 lakh crore on Tuesday as well, to help banks tide over the liquidity crisis.
The board will first need to unpack IL&FS - it has 169 group companies with 24 direct subsidiaries, 135 indirect subsidiaries, six joint ventures and four associate companies, says Amit Tondon.
'Significantly, Foreign Secretary Gokhale was received at very high level in Beijing.' 'It only shows China's keenness to move forward and put the relationship on a 'win-win' footing,' says Ambassador M K Bhadrakumar.
Lower inflation, FCNR(B) outflows likely to influence central bank decision
Demonetisation was not a good idea and the time should have been utilised instead to fine-tune the Goods and Services Tax before it was introduced, said Gita Gopinath, John Zwaanstra Professor of International Studies and of Economics at Harvard University, in an interview with Advait Rao Palepu.
India's largest private sector lender ICICI Bank has hit the Chinese debt market for a benchmark issue of about $500 million.
According to Merrill Lynch (BofA-ML) report, Domestic capital markets are likely to remain volatile in the September-November period due to factors like US Fed's policy action, second quarter corporate earnings and Bihar state elections.
The evolving RBI-government relationship, a reversal in the interest rate cycle and return to profitability will dominate bankers' conversation this year, says Tamal Bandyopadhyay.
What was the RBI doing, what was the PNB top management doing, what were the auditors doing, asks Debashis Basu.
Ironically, bad loans and non-performing assets are on the rise in public sector banks in India, say sector watchers.
Iran is preparing for a trade and investment boom that could reshape the region after agreeing with world powers to curb its nuclear programme, paving the way for sanctions that have stifled its economy to be lifted.
Financials were the top losers after sharp gains in the previous session along with ITC
'Trump's desecration of all that Obama represented can be seen at different levels: Personal, political, systemic and structural,' explains Ambassador B S Prakash.
A year ago, Greece's bankers thought they were on the cusp of a new era.
Indians want change and progress. They should be willing to accept tough decisions, says Sanjeev Nayyar.
Unlike in the past, when old private banks compromised upon underwriting standards to take on the bulk, they've now realised that scaling up at the cost of quality isn't worth the while. These banks have also readjusted growth targets when required, and rebalanced books to preserve capital and asset quality.
'It is the regional parties and their leaders who are the ones we have to watch.'
Financials and auto stocks were the top losers while energy and IT shares recovered
As someone with nostalgia for the good cheer and friendly feelings of Brazilian people, former Ambassador to Brazil B S Prakash can only hope that when they see on their TV screens their President being feted on Rajpath, they will sense India's goodwill for Brazil.
