The Reserve Bank of India pulled a surprise on the markets on Friday by keeping its benchmark interest rate unchanged at 6.5%. The decision to stand
Category: RBI–Banks
IL &FS: the crisis persists! – संकट कायम! | Maharashtra Times
संकट कायम! देशातील पायाभूत सुविधा प्रकल्पांना मोठ्या प्रमाणावर अर्थपुरवठा करणारी इन्फ्रास्ट्रक्चर लीजिंग अँड फायनान्शिअल सर्व्हिसेस (आयएलएफएस) ही कंपनी आर्थिक संकटात सापडल्याच्या वृत्ताचे पडसाद गेला आठवडाभर
Infrastructure Leasing & Financial Services Ltd: IL&FS: The untold tale behind India’s shock takeover of the risky lender – The Economic Times
by Saloni Shukla, Vrishti Beniwal and P R Sanjai With the future stability of the Indian financial system on the line, executives running a giant
Something rotten in ratings–Economic Times
By Milind Deora Infrastructure Leasing & Financial Services (IL&FS) is in hot water. On August 7, credit-rating agency Icra downgraded IL&FS’ long-term loans and debentures
IL&FS crisis: SFIO probe to look for diversion of loan money – The Economic Times
The Serious Fraud Investigation Office will probe whether any of the loans granted to Infrastructure Leasing & Financial Services were diverted for other purposes and
Probe on to find why IL&FS gave ‘a false picture of its financials’ – The Hindu BusinessLine
The fact that the management of Infrastructure Leasing and Financial Services (IL&FS) was providing a false picture of its financials is among the first leads
ICICI-Better late than… | Business Standard Editorials
It speaks volumes for shareholder sentiment that the ICICI Bank stocks soared over four per cent when news of Chanda Kochhar’s early retirement, with immediate effect, as
Essar Steel auction: SC gives ArcelorMittal, NuMetal 2 weeks to clear dues | Business Standard News
The Supreme Court on Thursday decided to give one more opportunity to ArcelorMittal and NuMetal to bid for Essar Steel, but only if they both paid off their non-performing
ICICI–जा रे चंदा.. | Loksatta
चंदा कोचर यांना राजीनामा द्यावा लागला, यावरच आपली व्यवस्था धन्यता मानेल.. चंदा कोचर हे आपल्या कुडमुडय़ा भांडवलशाहीच्या बँकिंग शाखेस लागलेले फळ. संपूर्ण पिकायच्या आधीच ते
borrowing india: Tax collections in India raise doubts on lower borrowing plan – The Economic Times
by Subhadip Sircar Nothing seems to be helping India’s sovereign bond market. The optimism spurred by the government’s decision to cut its borrowing plan proved fleeting
Ericsson files contempt plea against Anil Ambani over dues – The Economic Times
Com’s nonpayment of dues could drag the debt-laden telco back into insolvency proceedings, thereby nullifying its spectrum sale deal with Jio, and setting back efforts
CII suggests 12 ways to control current account deficit, rupee fall – The Economic Times
CII has suggested incentives for foreign currency non-repatriable (FCNR) accounts, NRI bonds and a special dollar window for oil companies The Confederation of Indian Industry
Need to regulate Committee of Creditors: NCLAT Chairperson – The Economic Times-R
Bankruptcy court NCLAT Chairperson Justice Sudhansu Jyoti Mukhopadhaya on Wednesday said there should be rules “to regulate the conduct of the Committee of Creditors (CoC) and its
Beyond firefighting on IL&FS front–Economic Times
The IL&FS crisis is a combination of poor management, possible malfeasance and systemic deficiency. Management has been changed at the board level. Probably, follow-through changes
Why Raghuram Rajan is wrong on credit guarantee trust for MSMEs bringing next set of NPAs – The Financial Express
Mohammad Mustafa Last month, as part of replies submitted to the estimates committee of the Lok Sabha, former RBI Governor Raghuram Rajan had warned about growing contingent liability at
Oil marketing companies can borrow working capital from overseas now – The Financial Express
The domestic currency touched a low of 72.41 against the greenback intra-day before recovering it to close the session at 73.34. The Reserve Bank of
What ails the Indian economy? How India can address its biggest economic problem – The Financial Express
India has made considerable progress in removing unnecessary and inefficient controls on international and domestic trade and investment. In my last column, I argued that
No easy outs | Business Standard Editorials
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) faces two contrasting challenges as it meets for the bi-monthly policy review. The prevailing domestic
Governance failure | Business Standard Editorials
The government’s use of the Companies Act to reform the board of the troubled shadow banker Infrastructure Leasing & Financial Services (IL&FS) has caused some of the
The Venezuela option – The Hindu BusinessLine
India’s oil-for-rice trade model with Iran can be revived and broadbased Faced with firm crude prices and a falling rupee, the Centre needs to act
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