UN economists warned Monday that the raging outbreak of the deadly new coronavirus could cost the global economy between $1.0 and $2.0 trillion this year
Month: March 2020
Gold Monetisation Scheme: An unfinished agenda | Deccan Herald
India’s gold demand is met mainly by import which is about 800-1,000 metric tonne (mt) annually and it contributes about 7% of the total import
Mukesh Ambani loses $5.6 billion in a day- Business Today
Mukesh Ambani had a rough Monday as he lost $5.6 billion on the back of severe decline in Reliance Industries’ share price. Ambani’s losses stemmed
बिनचूक ब्रेख्त! –लोकसत्ता
स्टेट बँक, आयुर्वमिा महामंडळ यांतील पैसा लोकांचा आहे.. बेसुमार कर्जे देऊन बुडीत निघालेल्या एका खासगी बँकेला वाचवण्यासाठी तो का ओतला जातो आहे? वर्षभर येस बँक
RBI allays depositors fears, assures safety of deposits – The Economic Times
MUMBAI: The Reserve Bank of India on Sunday allayed fears of bank depositors and assured the safety of their deposits. The banking regulator added that
No improvement: Bailout of Yes Bank reflects all that is wrong with the financial sector and its supervision–Times of India
The bailout last week of Yes Bank by the State Bank of India is the largest of its kind in recent times. For all practical
YES Bank rescue package wards off immediate losses to depositors – The Hindu BusinessLine
But many loose ends remain. With YES Bank skipping recent financial results, it isn’t clear how much capital it will need to fully tide over
As crisis loomed over Yes Bank, in six months, depositors took out Rs 18,000 crore | Business News,The Indian Express
ANTICIPATING TROUBLE in the wake of its failure to get capital infusion and rising non-performing assets, Yes Bank depositors pulled out over Rs 18,000 crore
Women’s Day: Meet the women warriors fighting NPA battles–Business Today
Mamta Binani, a lawyer and a company secretary, has a unique first to her name. She was the resolution professional for the first case that
SBI’s investment good move, but YES Bank needs more funds–Business Today
State Bank of India said on Saturday it would need to invest up to 24.5 billion rupees ($331 million) to buy a 49% stake in
RBI allays depositors fears, assures safety of deposits – The Economic Times
MUMBAI: The Reserve Bank of India on Sunday allayed fears of bank depositors and assured the safety of their deposits. The banking regulator added that
Govt to restructure SFIO; increase manpower to 350 at probe agency – The Economic Times
Corporate Affairs Secretary Injeti Srinivas said the process was on to further professionalise and streamline the SFIO. The government is set to more than double
Getting a loan? Your business should be attractive to finance – The Economic Times
By Rishi Mehra During my interactions with bankers, one thing that repeatedly finds a mention is that even if a bank wants to lend, small
View: Government must attack the source of the Yes Bank problem, not its critics – The Economic Times
by Ashok V Desai Everyone would remember the panic of demonetisation. Adult Indians, rich and poor, old and young, wise and foolish, were made by
Deposit/Mcap ratio wrong way to gauge banks’ health, they are well capitalised as per this ratio: CEA – The Financial Express
According to CEA Subramanian, the RBI has put the 9 per cent CRAR limit for banks. Refuting the use of deposits to market capitalisation ratio
Yes Bank rescue: India’s TARP moment? | Business Standard Column
Early Friday morning, a senior banker woke me up with his outbursts on the phone: “Is this the way to save a bank? We are
Justice delayed | Business Standard Editorials
Speaking at the International Judicial Conference recently, Prime Minister Narendra Modi underlined the importance of the rule of law and highlighted the role of speedy
End of a long rope | Business Standard Editorials
The Reserve Bank of India (RBI) finally stepped in last week and decided to use the powers granted it under Section 45 of the Banking
Biz judgement rule and directors’ liability | Business Standard Column
In a company, the board of directors (hereafter, board) has the statutory authority and responsibility to manage and govern the company. The board is the
It’s the incentives, stupid | Business Standard Column
Conservatives have argued that the existing policy machinery of Indian finance is broadly fine. The difficulties of YES Bank are a reminder that there are
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