BUSINESS
Criminal conspiracy, cheating, breach of trust and all that went wrong with ABG Shipyard
Once a famed private shipbuilder in the country, ABG Shipyard fell from grace due to bad market and financial irregularities.
BUSINESS
Banning cryptocurrency the most advisable choice open to India, says RBI Deputy Governor
The comments are significant in the context of an ongoing debate whether to ban crypto currencies or not.
BUSINESS
Banking Central | Tulips or crypto—who wants to make a quick buck?
The RBI Governor has repeated his warning on cryptocurrencies last week and investors will ignore the message at their own peril
BUSINESS
RBI Monetary Policy Committee continues to be a divided house on rate stance
Jayanth Varma continues to be the lone dissenter in MPC. This isn’t the first time Varma has dissented on the rate stance
BUSINESS
RBI Monetary Policy | Governor Das’ tulip warning on crypto has a message for government
“They (investors) should keep in mind that these cryptocurrencies have no underlying (asset). Not even a tulip,” Das has said
BUSINESS
Explained | Shaktikanta Das presents a non-event policy for markets, plays waiting game
By opting for the status quo, the MPC has chosen the waiting game for more cues to go aggressive on the policy normalisation process. For now, growth remains the focus.
BUSINESS
RBI Policy: MPC retains key rates unchanged, no change in policy stance
The MPC indicated that it will wait for more macroeconomic signals before tinkering with key rates or rate stance.
BUSINESS
Explained | Accommodative, neutral and hawkish stances in RBI monetary policy
The rate-setting panel indicates its broader policy approach by guiding the markets with policy stances. Let's try to understand what are those terms and what do each of these stances convey.
BUSINESS
Explainer | MPC decision today. What are the likely scenarios? 10 key questions answered
A change in the Reserve Bank of India’s stance will be seen as the first step towards a possible increase in interest rates. There may be a hint of the timing of such action in the policy document. Hence, the tone of the policy language is important.
BUSINESS
Banking Central | A case for ‘neutral’ stance
The central bank has already initiated policy normalisation by limiting its bond purchases through securities acquisition programme. While a repo rate hike is unlikely this time, a change in monetary stance is very much expected.
BUSINESS
BharatPe-Ashneer Grover row | There will be corrective action depending on outcome of audit report: Chairman Rajnish Kumar
BharatPe is embroiled in a controversy with a leaked audit inspection report by Alvarez and Marsal suggesting major irregularities in its operations.
BUSINESS
Exclusive | RBI examining corporate governance angle in BharatPe-Ashneer Grover episode
If the regulator finds material violation of corporate governance standards at BharatPe, it could even stop the Unity SFB-PMC Bank merger, said Ashvin Parekh of Ashvin Parekh Advisory Services
BUSINESS
Explained | Why amendment to cross-border IBC rules is important
Presently, while foreign creditors can make claims against a domestic company, the IBC currently does not allow for automatic recognition of any insolvency proceedings in other countries.
BUSINESS
Explained: What is Digital Rupee, when will it come and how’s it different from private cryptocurrencies? 10 critical questions answered
A CBDC is not a crypto currency. It is the digital form of legal tender and private virtual currencies are entirely different. Private virtual currencies are at substantial odds with the historical concept of money.
BUSINESS
Black money: Budget 2022 deals another blow to tax cheats but implementation key
Unexplained borrowings come under the scrutiny of the taxman and will be added to income.
BUSINESS
Exclusive | Legacy issues behind us, says IDFC First Bank MD Vaidyanathan
The bank has brought asset quality issues under control and is ready for the next leg of growth, says Vaidyanathan
BUSINESS
Budget 2022: Crypto gets a backdoor entry in India
By recognising crypto as a taxable asset, the government has acknowledged its existence along with other virtual assets. A government cannot tax something that is illegal.
BUSINESS
Budget 2022 | No proposal for fresh capital infusion into PSU banks this year
In her last Budget, the FM had announced Rs 20,000 crore capital infusion for PSBs. In the year prior to that, there wasn't any. The government wants PSBs to find capital from the market
BUSINESS
Budget 2022: FM Sitharaman announces Digital Rupee. Here's how it will work
A CBDC is the digital form of fiat currency and will ease transactions. An RBI report had earlier described CBDC as something that will provides a safe, robust, and convenient alternative to physical cash.
BUSINESS
Economic Survey 2022: Cases worth Rs 1.48 lakh crore rescued under IBC; Rs 52,000 crore sent for liquidation
In value terms, around 74 percent of distressed assets were rescued. Of the CDs sent for liquidation, three-fourth were either sick or defunct and of the firms rescued, one-third were either sick or defunct, the Survey said.
BUSINESS
Economic Survey 2022 | Rs 1,500 crore paid to 1.2 lakh depositors after DICGC Act changes
The Budget 2020- 21 had increased the deposit insurance cover from to Rs 5 lakh from Rs 1 lakh per depositor per bank
BUSINESS
Economic Survey 2022 | Excess liquidity, stalled insolvency process bring longer-term risks
Since the outbreak of the pandemic, the monetary policy was calibrated to provide a cushion and support growth but carefully controlled to avoid the medium-term dislocations of excess liquidity, the survey says
BUSINESS
Economic Survey 2022: Banking system past the pandemic but some lagged impact remains in the pipeline
The stressed advances ratio of scheduled commercial banks increased from 7.9 per cent at the end of September 2020 to 8.5 per cent at the end of September 2021, the government's annual pre-budget survey released on January 31 said
BUSINESS
Banking Central | Bad Bank is ready; can it make a difference?
The Bad Bank will absorb bad assets from banks but proper execution and asset resolution will be key to make sure the project doesn’t meet the fate of some of the earlier initiatives.
