Clipped from: https://economictimes.indiatimes.com/wealth/invest/rs-82000-cr-lying-in-unclaimed-bank-a/cs-life-insurance-mutual-funds-pf-how-to-get-your-money-back/articleshow/84089095.cmsSynopsis ET Wealth estimates that more than Rs 82,000 crore of investor wealth is lying unclaimed in forgotten and lost investments. There are unclaimed
Category: RBI–Banks
View: Trusting private parties with foreign exchange reserves is like putting a fox to guard the chickens – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/for-a-few-dollars-more/articleshow/84121724.cmsSynopsis Early June, reserves touched a record high of $608 billion, making India the world’s fifth-largest reserve-holding country. By any yardstick, we’ve come a
Call to action to avert distress – The Economic Times
lipped from: https://economictimes.indiatimes.com/opinion/et-editorial/call-to-action-to-avert-distress/articleshow/84121703.cmsSynopsis Financial Stability Report has worrisome data The Financial Stability Report of RBI reveals a picture of relative strength, with the ratio of non-performing
Brazen gaming of bankruptcy process on | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/brazen-gaming-of-bankruptcy-process-on-121070500012_1.html According to the data from the Insolvency and Bankruptcy Board of India (IBBI), in over 363 major NCLT resolutions since 2017, banks have
To ban or not to ban cryptocurrency | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/to-ban-or-not-to-ban-cryptocurrency-121070400743_1.html As lobbying and counter-lobbying intensify, right now, it looks like a T20 match. We need to wait till the last over is bowled
How individuals shape institutions – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/books/how-individuals-shape-institutions/article35135615.ece?homepage=true Title: Values in LeadershipAuthor: Narayanan VaghulPublisher: N VahgulPrice: ₹250 Title: Values in LeadershipAuthor: Narayanan VaghulPublisher: N VahgulPrice: ₹250× RK Talwar, SBI’s legendary Chairman,
Saving grace – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/the-finance-ministry-has-done-well-not-to-pare-small-savings-rate-in-these-times/article35135464.ece?homepage=true The Finance Ministry has done well not to pare small savings rate in these times The Centre has done well to preserve the
Gold loans — a win-win for banks, customers – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/gold-loans-a-win-win-for-banks-customers/article35137763.ece?homepage=true Banks witnessed spectacular growth in this portfolio in FY21 after the Covid outbreak, but will this continue in FY22 too? Loans against gold
RBI should not print money to finance fiscal deficit: Pinaki Chakraborty – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/rbi-should-not-print-money-to-finance-fiscal-deficit-pinaki-chakraborty/articleshow/84112889.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis In an interview with PTI, Chakraborty — the director of the National Institute of Public Finance and Policy (NIPFP) — said that high
For the nth time, we’ve a demand problem, fixing supply side won’t help | Deccan Herald
Clipped from: https://www.deccanherald.com/opinion/for-the-nth-time-we-ve-a-demand-problem-fixing-supply-side-won-t-help-1004628.html Basically, Indian industry on the whole has enough capacity currently and has no need to expand unless demand goes up dramatically Vivek Kaul
Individuals, trade race away, micro units lag – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/news-analysis/individuals-trade-race-away-micro-units-lag/article35125710.ece?homepage=true Only 6% of incremental goes to industry in 2 years till May As two waves of Covid put the economy through the wringer,
Across the Aisle: We had wings, learned to fly, writes P Chidambaram – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/across-the-aisle-we-had-wings-learned-to-fly-writes-p-chidambaram/2283471/ There was a political consensus on a State-controlled economy, monopoly or dominance of the public sector, import control, fixed exchange rate, licensing, and
SC seeks response of Centre, RBI on plea of PNB against disclosure of info under RTI – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/sc-seeks-response-of-centre-rbi-on-plea-of-pnb-against-disclosure-of-info-under-rti/article35123118.ece The RTI Act empowers the RBI’s central public information officer (CPIO) to seek information from banks for information seekers. The Supreme Court has
Five reasons why India needs to add to record forex pile – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/forex/five-reasons-why-india-needs-to-add-to-record-forex-pile/article35091273.ece?homepage=true The pile touched a record $608 billion last month The rise in India’s foreign exchange reserves to above $600 billion may not be
India’s balance of payments situation is comfortable despite the recent moderation – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/indias-balance-of-payments-situation-is-comfortable-despite-the-recent-moderation/2282318/ Import bill manageable if crude oil remains under $80/barrel; no big FPI pullouts if Fed sticks to normalisation calendar The surplus in the
MSME Minister Gadkari: Retailers and traders to be included under the MSME sector – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-minister-gadkari-retailers-and-traders-to-be-included-under-msme-sector/2282687/ Ease of Doing business for MSMEs: Wholesale and retail trading activities were earlier classified as MSMEs but a gazette notification dated June 2017
The economics of loan guarantees – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/the-economics-of-loan-guarantees/2282335/ The Centre’s credit guarantee scheme pushes down the interest rates on savings as also PSBs’ interest income Now, guarantees have been going out
Lenders looking to enforce guarantees of former promoters of Aircel | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/lenders-looking-to-enforce-guarantees-of-former-promoters-of-aircel-121070100975_1.html Maxis gave Rs 12,000 cr guarantees to SBI Lenders of Aircel Ltd are looking at the option to invoke the corporate guarantees given by the
Yield to the market – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/yield-to-the-market/article35041261.ece RBI’s yield curve management is keeping borrowing rates in check, but there could be negative fallouts The Reserve Bank of India’s ongoing battle
A kind of relief | The Indian Express
Clipped from: https://indianexpress.com/article/opinion/editorials/centre-coronavirus-second-wave-stimulus-nirmala-sitharaman-7381809/ Centre leans heavily on credit guarantees to aid the economy. Direct demand side support remains minimal. The actual fiscal outgo on account of
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