BUSINESS
Coronavirus pandemic | RBI allows 3-month moratorium on loans: big relief to banks, borrowers
The three-month moratorium will permit banks to avoid a large onset of NPAs during the 21-day lockdown and keep their books healthy
BUSINESS
Coronavirus pandemic | RBI infuses Rs 374,000cr liquidity shot
With a total Rs 374,000 crore pumped into the system, the RBI actions will significantly help liquidity easing in the system.
BUSINESS
Coronavirus pandemic | RBI joins the COVID-19 economy rescue team a tad late, but with a big bang 0.75% rate cut
The rate cut will significantly push down end-borrower rates in the system
BUSINESS
Coronavirus pandemic | RBI Shaktikanta Das presser today: 3 likely announcements
RBI Governor Shaktikanta Das will address media at 10 AM on March 27. Here are the likely outcomes of the governor's presser
BUSINESS
Rs 1.7 lakh crore COVID-19 package: Relief for poor, but little for locked-down economy
A closer look at the details will reveal that the package is inadequate to address the larger impact of the COVID-19 fallout, especially with respect to industries.
BUSINESS
A year after IL&FS fiasco, funding channels for NBFCs ease but weaker players struggle
Funding scenario is improving for non-banking finance companies (NBFCs) both from commercial banks and money markets, as compared to the period of September, 2018 and early 2019, industry observers say.
BUSINESS
Budget 2020: Indian banks, facing a trust deficit, just got a shot in the arm with higher deposit insurance cover
Small depositors are adequately covered in terms of insurance cover. The problem, however, is that in terms of quantum of deposits, percentage of deposits less than Rs 1 lakh is only 7.8 percent of the deposit base.
BUSINESS
Budget 2020: India’s struggling middle-class wanted a cash bonanza, not a tax googly
At a time when the economy is fighting a huge demand slump, Sitharaman should have put money in the hands of people to stimulate demand. That was missing in the budget.
BUSINESS
Economic Survey 2020: Subramanian takes on Subramanian for questioning India’s GDP numbers
In the economic survey 2020, Chief Economic Adviser Krishnamurthy Subramanian has strongly countered former CEA, Arvind Subramanian's questions on the accuracy of Indian GDP numbers.
BUSINESS
‘Make In India’ seems to have been forgotten; what the government can do to fix it
For Make in India to succeed, the big challenge for the government will be to revive private investments.
BUSINESS
Do India’s public sector bank employees deserve a 20% pay hike?
Wage disparity between the public and private sector bank employees have been longstanding problem. Isn't it high time the government addressed this?
BUSINESS
Kapil Wadhawan and DHFL: Pushed into the deep sea with no land in sight
DHFL’s collapse is an important case study on how promoters can destroy even successful businesses by growing too big and too fast.
BUSINESS
Why have Indian banks stopped lending to students?
The trend of rising bad assets from student debts is not unique to Indian market.
BUSINESS
RBI’s regulation and supervision rejig in jeopardy as Jan 31 deadline for officers nears
RBI facing manpower issues for regulation and supervision is bad news for the banking industry at a time country’s institutions are hit by a number of fraudulent transactions.
BUSINESS
DHFL mess deepens: Has India’s banking regulator learnt its lessons from shadow banking episodes yet?
Banks have reportedly agreed to dilute bidding terms to get a buyer but depositors have moved the Supreme Court against this decision
BUSINESS
Before her IMF stint, a ‘neo-liberal’ Gita Gopinath ruffled feathers within Left’s old guard
IMF Chief economist Gita Gopinath was among the first prominent economists who criticised Narendra Modi government's note ban
BUSINESS
Bad loan hit banks wary of corporate loans; what it means for a struggling economy?
Economic slowdown is slowly impacting the balance sheets of banks. Most of the large bad loan accounts may get adjusted in the third and fourth quarters, but the real challenge for banks will be to maintain credit growth
BUSINESS
How dual regulation is worsening the mess at India’s opaquely run co-operative banks
To save India’s broken co-operative banks waiting to implode, current laws needs to be changed to give the power of regulation to a single regulator; the RBI is most suited for the job.
BUSINESS
Who will say 'Yes' to YES Bank?
The big challenge for the bank is to maintain the Tier-I capital adequacy at the minimum 8 percent level by March.
BUSINESS
More than Goddess Lakshmi on currency notes, what India needs is Muni Narada on electoral bonds
The interesting part about electoral bonds is that no one can ask questions about the source of money. It is not an exaggeration to say that in barely three years of its existence, these instruments have turned the whole process of political funding in India even more opaque and mysterious.
BUSINESS
'Twist' in the tale: High inflation, weak economy may hamper RBI operation to tame longer-term yields
If the inflation remains high, the central bank may stay on hold for a prolonged period. Coupled with likely high government borrowing, bond yields could rise further, no matter what RBI does.
BUSINESS
Rs2,000 notes contributed 61 percent of the total fake currencies seized in 2018, up from 53 percent in 2017
A total of 54776 pieces of fake Rs2000 notes worth Rs10.96 crore were seized in 2018 out of the total 257243 pieces of fake currencies seized in number and Rs17.95 crore crore in terms of value
BUSINESS
Michael Patra fills in Viral Acharya's shoes: Why government loves a quiet, career central banker at Mint Street
After a difficult phase in terms of RBI-Central government relations, the NDA-government probably wants a ‘friendly’ RBI’s top brass to work with, especially when the economy is facing a crisis.
COMPANIES
CPI inflation at 7.35%: Rising bond yields may hurt banks’ treasury income in Q4
Banks may take a hit on their MTM portfolios in Q4 if the yields stay high. The high retail inflation could cause a spike in G-sec yield by another 10 basis point. But the bigger trigger will be budget.
