Usha Thorat

Usha Thorat On Incentivising Mutual Funds For Retail Investors | Passive funds & ETFs | Exclusive

“When you see that mutual fund penetration is just 10 percent of household savings, there is clearly a need to focus on mobilising more and more of those financial savings of households”, says SEBI mutual funds advisory committee chairperson and former RBI deputy governor. In an exclusive conversation with Moneycontrol, Thorat also decodes the popularity of passive funds & ETFs and outlines why they are the flavour of the future. Watch the full interview with Latha Venkatesh

Moneycontrol Mutual Fund Summit | ETFs, index funds have shortcomings like gaps in pricing and NAV: Usha Thorat

In her keynote address at the Moneycontrol Mutual Fund Summit, Thorat highlighted that the post-COVID years have seen a phenomenal growth of investors in mutual funds. The AUM has also risen to Rs 40 trillion

Consultation with govt no encroachment on RBI autonomy: Thorat

Former Reserve Bank Deputy Governor Usha Thorat today said any consultation between the Government and RBI should not be construed as an infringement on the latter's autonomy.

'Humiliated' by post-note ban events, RBI staff write to Patel

Feeling "humiliated" by events since demonetisation, RBI employees today wrote to Governor Urjit Patel protesting against operational "mismanagement" in the exercise and Government impinging its autonomy by appointing an official for currency coordination.

RBI must deliver currency to banks on war footing: Ex Deputy Guv

Demonetisation will make our economy more inclined towards cashless transactions, says Jaimini Bhagwati, RBI Chair Professor. The financial sector of the country will benefit from improved efficiency and faster transactions.

Bank Board Bureau's 1st meet today: What's on agenda?

The board should look at strengthening the governance first and then shift focus to capitalisation and then consolidation, says Leo Puri, Managing Director of UTI Asset Management.

Is it necessary to have a monetary Policy Committee?

Dr D Subbarao, former governor of the RBI, says a monetary policy committee will add value to decision-making by bringing wider perspectives and making the monetary policy decision more contestable.

Jalan panel on bank licences to hold last meeting on Feb 25

The Bimal Jalan panel which is scrutinising applications for new bank licences will hold its last meeting on Tuesday.

Lord Turner analyses state of US, Europe & Indian economies

Lord Adair Turner goes on to analyse India and says the crucial thing is to look at the degree of reliance on short-term debt and that is something that RBI governor Raghuram Rajan has commented on within the nature of financing of current account deficit (CAD).

Bank licences: Sebi scans listed applicants, group firms

Sebi's scrutiny follows detailed queries shot off by RBI to various regulators in India and abroad as part of its due-diligence of entities seeking to enter banking arena.

Expert group on new bank licences to hold meeting on Nov 1

A high-level panel chaired by former RBI Governor Bimal Jalan that will scrutinise applications for new bank licences will hold its first meeting on November 1.

3-member panel headed by Jalan to study new bank licences

The panel will make its recommendations to the Governor and Deputy Governors, who will make the final proposals to the committee of the RBI central board.

RBI plans to revive stressed loan market for banks, ARCs

The Reserve Bank of India (RBI) is planning to add momentum to the lacklustre stress loan sales market wherein banks dispose off their non-performing loans to the asset reconstruction companies (ARCs).

Tata Capital says new norms will eat into NBFC-bottomlines

The Tata Group's finance subsidiary Tata Capital has expressed reservations about the Reserve Bank of India's proposed changes in the norms governing NBFCs, saying the move will negatively impact profits and raise lending rates

Tier I capital of 12% to reduce risk for NBFCs: Usha Thorat

Director of CAFRAL Usha Thorat tells CNBC-TV18 that they have recommended increasing the tier I capital of non-banking financial companies to 12% so as to reduce their risk to sensitive sectors.

RBI Suggests Tighter Regulation of NBFCs

By: Jay Parikh, Bharucha & Partners

The week that was: RBI delivers with a bang!

Even though it was a short week, the market performed well gaining 6% this week. However, it was the RBI that delieverd two big announcements making it a big week for corporates.

New NBFC norms will impact margin funding: Nirmal Jain

After briefly going through the NBFC recommendations by the Usha Thorat Committee, Nirmal Jain, chairman of IIFL said that the new morns will help the long-term health of the NBFC sector. However, he believes that the margin funding reuirements will have a negative impact on the NBFCs.

New NBFC norms won't impact us, says HDFC

The Reserve Bank of India (RBI) on Monday released the Usha Thorat committee report on non-banking finance companies (NBFCs). Keki Mistry, vice chairman and chief executive officer (CEO), HDFC said, he doesn’t see any impact of this on the company. “We are not NBFC. We are a housing finance company,” he added.

Experts warn RBI may find too tough to regulate MFIs

Micro-finance companies have welcomed the new Microfinance Bill, as it says that the Reserve Bank of India (RBI), and not state governments, will be the regulator. But experts warn that the RBI may find it too tough to regulate this sector, reports CNBC-TV18’s Gopika Gopakumar.