ashvin Parekh

In a discussion on consolidation in banking sector with CNBC-TV18, industry expert AK Purwar said consolidation is key for the industry. "Banks at the helm must flex their muscles and they must acquire their poorer cousins who are not so well managed," Purwar said. Such mergers result in better management of smaller banks, he said.

Deposits above Rs 5K can be made only once per a/c till Dec 30

Tenders of old banknotes in excess of Rs 5000 into a bank account will be received for credit only once during the remaining period till December 30, 2016.

An insurance co is a hedge in itself, says Ashvin Parekh

Speaking to CNBC-TV18 Ashvin Parekh, Managing Partner, Ashvin Parekh Advisory Services, said that in insurance companies one is looking at growth. R Sreesankar of Prabhudas Lilladher commented on ICICI Pru's IPO.

RBI issues 'on tap' bank licence norms, bars conglomerates

The Reserve Bank Monday released guidelines for 'On Tap' licensing of private sector universal banks. The guidelines state individuals with 10 years senior-level experience are eligible to promote a bank but large industry houses have been excluded as eligible entities, although they can invest up to 10 percent.

'Recapitalisation bond issuance could be Rs 35k-40k cr'

When banks invest in goverment bonds, the government will plough the money back into the banks in the form of equity, says Ashvin Parekh of Ashvin Parekh Advisory Services.

HDFC Life, Max Life Insurance in talks for possible merger

In what could be the country's largest private life insurance deal, Max Financial board has agreed to evaluate merger of Max Life and Max Financial into HDFC Standard Life. Agreement provides for exclusivity period for due diligence & discussions.

Norms for stressed assets pragmatic, but not panacea: experts

Jairam Sridharan, CFO of Axis Bank said that with this scheme lenders and borrowers can now move forward in a meaningful way.

Gyan Sangam should deliberate on how to dispose off NPAs: OBC

On the sidelines of the second edition of a two-day conference, Gyan Sangam, CNBC-TV18 brings SL Bansal, Ashvin Parekh and Hemindra Hazari to talk about the non-performing loans (NPL) menace banks have been facing with in its special series 'Gyan for Banks'.

Picking PSB heads from outside: Will the experiment work?

Asked if the idea of scanning private sector bank candidates for the task of CEOs at Public sector banks could work, former SBI chairman said it depends on people manning the process.

MAT amt only Rs 6-7Kcr; 70-80% cases may get relief: Srcs

The case dates to a long-standing demand by the Indian government that foreign investors pay alternate tax but it shot into prominence after news reports quoted Finance Minister Arun Jaitley as saying the amount involved could be upwards of Rs 40,000 crore.

FDI flows to spike if RS clears Insurance Bill: Experts

After the passage of Insurance Bill in Lok Sabha, there is a buzz it will manage to pass the Rajya Sabha test as well.The assumption has already led to a fair bit of excitement in the market.

Payment bks to see real earnings only after 3-4 yrs: Parekh

Ashvin Parekh, Managing Partner at Ashvin Parekh Advisory Services, feels telecom companies will be able to emerge as good payments banks and expects large conglomerates and retail companies to be successful.

Government appoints MD & CEOs for 4 public sector banks

Earlier this year, former Chairman and Managing Director of United Bank, Archana Bhargava had quit under a cloud and the bank is staggering under the weight of bad loans

RBI's proposition on JV's with banks interesting: Expert

Sanjay Kapoor, former CEO, Bharti Airtel feels the proposition about joint ventures with banks has made the proposition more interesting. "One of the basic criteria's is anybody who has a very large distribution network is an eligible bachelor from a viability perspective for a payment bank," he told CNBC-TV18.

EY gives thumbs-up to SEBI's move on delisting norms

Sebi on Wednesday approved these norms in order to bring in stricter regulations and simpler compliance requirements and boost investor confidence in Indian capital markets.

KFA case: Decoding implications of 'wilful defaulter' tag

United Bank has declared Kingfisher Airlines and its promoter Vijay Mallya as ‘wilful defaulter‘. The bank is in the process of sending formal notices to the company and will inform RBI as well.

Tough to change RBI's banking licenses norms now: EY

Ashvin Parekh, E&Y says it is unlikely that rules or guidelines will be changed because that would be a very lengthy process.

Timely recognition, resolution of bad loans must: Experts

According to experts, there should be time bound recognition and resolution of bad loans, so that the value of the asset doesn‘t simply erode. Also, there should be performance based compensation as recognition for some good work done.

Listing of WOS end state of RBI reform: Ashvin Parekh

Commenting on the above move, Ashvin Parekh, Senior Expert and Advisor - Financial Services, Ernst & Young clearly believes that listing of the foreign bank subsidiary the end state of this RBI reform.

Alteration of bank licence norms unfair: EY

In an interview to CNBC-TV18,Ashvin Parekh, Senior Advisor, EY spoke about opposing the corporate houses entering into banking.

Hail Pension Bill; hopeful of other bills passing: Experts

Commenting on the passage of Pension Bill in Lok Sabha, Ashvin Parekh, Senior Expert, E&Y says, it gives the new authority a lot more powers to put things together particularly in the voluntary pension area.

Maximum 5 candidates can get bank licence clearance: E&Y

After the RBI guidelines and clarifications, there will be maximum three-four or five successful candidates

RBI should form guidelines before grant of licences: E&Y

Ashvin Parekh, partner, Ernst & Young, in his reaction over the passage of the Banking Bill in the Lower House, explains that with the RBI being accorded the necessary powers should formulate clear and adequate guidelines before kickstarting the process to grant licences

Govt's reform drive in logjam again: Why is E&Y positive?

The standing committee on finance has rejected the Insurance Amendment Bill and the Unique Identification Authority of India (UIDAI) Bill. The Banking Laws Amendment Bill has got only a conditional nod. CNBC-TV18’s Shereen Bhan spoke to Ashvin Parekh of Ernst & Young to make sense of the developments.

RBI will issue bank licenses, but not anytime soon: E&Y

Ashvin Parekh, partner and global leader, Financial Services, Ernst & Young said that the RBI is not in a rush to issue bank licenses; however, it will come up with the guidelines soon.