Clipped from: https://www.business-standard.com/article/opinion/new-vistas-for-indian-banks-121091300026_1.html As low credit offtake dents earning, Indian banks are exploring fresh avenues to lend. This is the only way to avoid mispricing of
Author: Anil R Tikotekar
Bank loans to NBFCs grow slower as credit to small lenders dries up – The Financial Express
Clipped from: https://www.financialexpress.com/industry/bank-loans-to-nbfcs-grow-slower-as-credit-to-small-lenders-dries-up/2328866/ Credit outstanding to non-bank lenders has been growing in the low single digits through much of the current year, with banks’ NBFC book
Restored normalcy in PSU banks hamstrung by sticky bad assets: Finance minister Nirmala Sitharaman – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/restored-normalcy-in-psu-banks-hamstrung-by-sticky-bad-assets-finance-minister-nirmala-sitharaman/2328886/ The Centre, apart from infusing required capital, monitored the PSU banks with regular assessment and reviews while taking prompt corrective actions. She said
Aluminum industry frets that its supply snarls have just begun – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/aluminum-industry-frets-that-its-supply-snarls-have-just-begun/articleshow/86157469.cmsSynopsis Global supply chains, with container shipping as their backbone, are struggling to keep pace with the demand for goods and overcome labor disruptions
Liquidation as “going concern” gains traction – The Economic Times
lipped from: https://economictimes.indiatimes.com/news/economy/policy/liquidation-as-going-concern-gains-traction/articleshow/86141205.cmsSynopsis The Ahmedabad chapter of the National Company Law Tribunal (NCLT) last week passed an order clearing the liquidation of an insolvent company, PSL
Cryptos may revolutionise micro payments, but we are not there yet, says Raghuram Rajan – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/technology/cryptos-may-revolutionise-micro-payments-but-we-are-not-there-yet-says-raghuram-rajan/articleshow/86137933.cmsSynopsis The former RBI governor said the notion that cryptocurrencies are more reliable than fiat currencies was a little overstretched. There is a limited
Over 15 lakh cases settled, Rs 2,281 cr awarded to litigants by National Lok Adalats in a single day – BusinessToday
Clipped from: https://www.businesstoday.in/latest/top-story/story/over-15-lakh-cases-settled-rs-2281-cr-awarded-to-litigants-by-national-lok-adalats-in-a-single-day-306484-2021-09-11 The Lok Adalats, which were conducted through virtual and hybrid mode, took up 33,12,389 cases, which were either pending in courts or belonged
How to claim LTC Cash Voucher exemption in your income tax return – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/how-to-claim-ltc-cash-voucher-exemption-in-your-income-tax-return/articleshow/86059362.cmsSynopsis As per the government, individuals having LTC/LTA in their salary package would have been unable to travel and claim income tax exemption on
CJI terms pendency of criminal cases in Allahabad HC very worrying, urges Bar, Bench to resolve it – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/cji-terms-pendency-of-criminal-cases-in-allahabad-hc-very-worrying-urges-bar-bench-to-resolve-it/articleshow/86122383.cmsSynopsis Justice Ramana along with President Ram Nath Kovind took part in programmes, including the foundation stone-laying ceremony of the Uttar Pradesh National Law
The impossible task of taming the rupee – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/columns/the-impossible-task-of-taming-the-rupee/article36365287.ece Managing the currency, even with capital controls & pro-active monetary policy, is a big ask. Why not allow the rupee to rise? Most
All you wanted to know about T+1 settlement cycle – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/commodity-analysis/all-you-wanted-to-know-about-t1-settlement-cycle/article36406863.ece Market regulator SEBI (Securities and Exchange Board of India) last week introduced T+1 settlement cycle for share transactions. Notably, the settlement cycle was
Four things you may not know about P2P lending – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/four-things-you-may-not-know-about-p2p-lending/article36404029.ece?homepage=true Before you experiment with this latest fad, be aware of how these loan products work With interest rates on bank deposits at rock-bottom,
Claiming TDS on interest income from bank A/C jointly held with late parent – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/claiming-tds-on-interest-income-from-bank-ac-jointly-held-with-late-parent/article36407248.ece My father-in-law P V Krishan (late) and my wife Premaramani are joint SB and FD A/c holders with a leading private sector bank
Across the Aisle: The greater catastrophe, writes P Chidambaram – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/across-the-aisle-the-greater-catastrophe-writes-p-chidambaram/2328434/ There has been a lot of debate on availability of hospital beds, oxygen, ventilators, medicines, ambulances, space at burial/cremation grounds and vaccines. The
Don’t ban VPNs: The pros definitely outweigh the cons – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/dont-ban-vpns-the-pros-definitely-outweigh-the-cons/2327410/ The fact that VPNs provide secure networks which facilitate smooth and safe data transmission cannot be ignored. Finally, VPNs can be misused to
‘We choose to live on our terms, nothing wrong with that’: Single moms talk about battling prejudices | Lifestyle News,The Indian Express
Clipped from: https://indianexpress.com/article/lifestyle/life-style/single-moms-taboo-challenges-solo-parenting-trolling-7499388/ “It’s better to be a full-time single mother than to remain in an unhappy relationship” Devina Kaur (left) and Dr Malini Saba share
Surety insurance cover limit set at 30% of project value: IRDAI | Business News,The Indian Express
Clipped from: https://indianexpress.com/article/business/companies/surety-insurance-cover-limit-set-at-30-of-project-value-irdai-7501740/ The guidelines once approved and implemented promise to address the high funding requirement for construction and infra companies. Surety insurance contracts cannot be
If inflation remains elevated, Monetary Policy Committee could lose credibility. This must be avoided | The Indian Express
Clipped from: https://indianexpress.com/article/opinion/editorials/gdp-data-economic-fallout-second-wave-pandemic-covid-19-7501670/ If inflation continues to stay elevated, the MPC risks losing credibility vis-a-vis achieving its objective of price stability, which could lead to the
WhatsApp to offer end-to-end encryption option for backups | Business News,The Indian Express
Clipped from: https://indianexpress.com/article/business/economy/whatsapp-to-offer-end-to-end-encryption-option-for-backups-7501742/ In a series of tweets, WhatsApp global chief executive officer (CEO) Will Cathcart, while announcing the launch, said the company had been working
NCLAT admits Dhoot’s petition against Anil Agarwal’s Twin Star takeover bid | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/nclat-admits-dhoot-s-petition-against-anil-agarwal-s-twin-star-takeover-bid-121091100615_1.html The appellate tribunal has issued notices to the resolution professional, lenders and Twin Star Technologies directing them to file a reply by September