BUSINESS
Government’s silence on WazirX mess is unfair to India’s 19 million crypto investors
From an investor point of view, the exchange’s recent announcement to socialise losses is grossly unfair. The key question is why would customers pay the price of WazirX’s inability to safeguard investments?
BUSINESS
India has a small bank problem, and it needs to act soon
Smaller banks are struggling to stay afloat for different reasons. Many have shut shop, others remain as zombie banks.
BUSINESS
Will the government walk the talk on IBC reforms announcements?
In the Budget, FM Nirmala Sitharaman announced a slew of measures to make the IBC process faster. That’s great news to de-clog the system, provided execution is proper
BUSINESS
Did Budget 2024 just add to the woes of PSU banks?
FM Sitharaman’s Budget lacked any major banking sector reforms, except some finetuning of the IBC process. It’s a missed opportunity
BUSINESS
Economic Survey 2023-24 has a word of caution for banks: Resist the lure of short-term profits
In recent years, there have been several cases where banks have been caught red-handed selling products to customers that they don’t require or understand well.
BUSINESS
The $230 million crypto theft at Wazirx a wake-up call for Indian regulators, government
Time and again, the RBI has been cautioning investors on crypto currencies, calling it gambling. This market has been drawing more investors, despite India not having a regulatory framework on crypto. This scenario can’t continue
BUSINESS
Budget Snapshot | Will IBC reforms get a push from FM Sitharaman?
IBC process needs to be lot quicker. Timeframe needs to be cut to improve recovery percentage for creditors
BUSINESS
Indian banks may have an agri loan problem ahead
Increasing pace of bank lending in the agriculture sector vs falling contribution to GVA suggests potential build-up of stress.
BUSINESS
Five management lessons for aspiring fintechs from Paytm Bank fiasco
Had PPBL played by the book, Vijay Shekhar Sharma could perhaps have built a pan-India bank riding on the popularity of the Paytm brand and tapping the government’s fintech push. In that sense, it is a wasted opportunity.
BUSINESS
Who will bell the modern-day loan sharks?
Today’s illegal loan apps are nothing but tech-enabled avatars of the old local moneylenders
BUSINESS
Budget 2024: It’s time for the government to walk the talk on bank privatisation
With record low NPAs and strong capital ratios, public sector bank balance sheets are the healthiest in a decade. There are better chances of finding buyers now. But actual execution will require strong political will
BUSINESS
Exclusive | Citibank to look for a buyer for its India retail business; no impact for existing customers, employees due to consumer biz exit
Post the exit from consumer business, Citibank will focus on the wholesale business and will continue to invest in expanding that segment
BUSINESS
Loan Moratorium | Don’t sideline the RBI
Interest waiver and loan moratorium started as an RBI scheme — and not as a government scheme to provide relief to borrowers. Ironically, now the RBI is a mute spectator
