India’s gold imports may rise in the fourth quarter as investors seek alternatives to faltering equity markets and a plunging rupee at the same time
Category: RBI–Banks
Prabhu calls for meeting to discuss trade deficit, rupee volatility – The Hindu BusinessLine
Worried over the rupee depreciation against the US dollar and the growing trade deficit, Commerce and Industry Minister Suresh Prabhu has convened a meeting of
‘IL&FS defaulted due to asset-liability mismatch’ – The Hindu BusinessLine
The government may have taken over the reins of troubled Infrastructure Leasing and Financial Services (IL&FS) and installed a new board, but former directors believe
IL&FS: charismatic leader, complex structures, and a gullible ecosystem – ET Prime–[ Economic Times ]
IL&FS is a great magic trick. A massive illusion till the method is revealed. That’s when it all seems so obvious. So obvious that the
IL&FS crisis: Everything about the IL&FS crisis that has India in panic mode | What is IL&FS?–Economic Times
The defaults by IL&FS have shut it out of the market, leaving it at the mercy of shareholders. As the world marked the 10th anniversary
Refinance and list, not wind up, IL&FS–Economic Times
The government is right to supersede the board of Infrastructure Leasing & Financial Services (IL&FS), given the large size and exposure of insurance, mutual funds
Financial market turmoil | Business Standard Column
The Indian financial markets are in a state of turmoil at the moment, with issuers and investors in both debt and equity under pressure. The
‘Rupee depreciation need not be fought at all times’ – The Hindu BusinessLine
“Generally positive but some headwinds” were the words that Montek Singh Ahluwalia, former Deputy Chairman of the Planning Commission, used to sum up his impression
Govt raises loan limit for MSMEs to over ₹1 crore – The Hindu BusinessLine
The government has enhanced the loan limit for micro, small and medium entrepreneurs to over ₹1 crore under the Prime Minister Employment Generation programme. Giriraj
Regulatory hurdles slowing down Startup India – The Hindu BusinessLine
Notwithstanding the Narendra Modi government’s ambitious Startup India initiative, there has been a steep decline in the number of new start-ups coming up in the
Arun Jaitley defends loan write-offs; says they don’t lead to waiver, recovery still pursued – The Economic Times
Jaitley in a Facebook blog said “technical write-offs” are resorted to by banks as per the Reserve Bank of India (RBI) guidelines. Finance Minister Arun Jaitley Monday
IBBI needs to have more powers, says NCLAT Chairperson – The Economic Times
The Insolvency and Bankruptcy Board needs to be given more powers, NCLAT Chairperson Justice Sudhansu Jyoti Mukhopadhaya said Monday and also suggested that there should be regulations for the Committee of Creditors (CoC). The number
Companies pay up Rs 1.1 lakh crore for fear of insolvency action – The Economic Times-R
The number of cases filed is almost four times higher, sources said, but many are withdrawn before they are admitted as the borrower agrees to
IL&FS: Government takes control of IL&FS, 6-member board led by Uday Kotak set up–Economic Times
The Centre has taken control of the management of IL&FS that has roiled markets by defaulting on debt, stepping in to check a contagion that could have
IL&FS–Time for swift action | Business Standard Editorials
The National Company Law Tribunal (NCLT) permitted the government on Monday to seize control of infrastructure finance major Infrastructure Leasing and Financial Services (IL&FS) with
IL&FS crisis: India’s ‘too big to fail’ moment? | Business Standard Column
The government is intervening to try and contain the IL&FS default crisis. Is this India’s “too big to fail” moment? That reference to the US-led subprime crisis
Govt issues lookout notices for four directors of debt-laden IL&FS | Business Standard News
The government has come down heavily on Infrastructure Leasing & Financial Services’ (IL&FS’) former management, led by Ravi Parthasarathy, who retired in July 2018, vice-chairman
More pain, little gain – The Hindu BusinessLine
Hiking import duties won’t help India lower its current account deficit; in fact, it may hurt trade In yet another half-hearted attempt to contain the
View: Time for RBI to take control of regulation & supervision – The Economic Times
RBI’s inability to see the big picture has cost the economy dear. With so many banks on prompt corrective action (PCA), bank lending has been
Fraud cases under IBC cross Rs 40,000 crore – The Economic Times
The numbers showed that frauds, which include siphoning of funds, transactions with related parties and fictitious persons, were widespread in cases that have been referred
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