BUSINESS
An accounting twist gifts ‘Yes’ a profit in Q4, but it is still a ‘No’ bank
At the end of March and after an unprecedented mega bail-out, Yes Bank still has a broken balance sheet and its continuation as a going concern depends on several ifs and buts.
BUSINESS
RBI Governor Shaktikanta Das launches Round 2 of liquidity bonanza; this time for small NBFCs, MFIs
These measures are significant for microlenders since these companies have been gasping for money.
BUSINESS
Coronavirus pandemic: RBI General Das launches COVID-19 battle; over to government to wage war
RBI’s liquidity bonanza will make sure there is no immediate cash squeeze in the system and huge spike in NPAs on account of the adverse environment. This will help to avoid short-term panic
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 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
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
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.
BUSINESS
CPI inflation may stay elevated in the near term; base effect, direction of food prices will be key
The direction of food prices will depend heavily on how monsoon pans out in June. A large number of farmers in India depend on seasonal rains for irrigation needs.
BUSINESS
SBI’s new finance scheme with buyer guarantee: Should a bank own up potential failures of a builder?
Prima facie, SBI doesn’t have much risk in this scheme since the bank will grant loans to star rated builders with proven track record and strong cash flows
