Rising global headwinds and a possible revenue shortfall are posing fresh challenges to the Centre’s deficit targets and growth prospects. The upcoming US sanctions on
Category: RBI–Banks
Raising import duties to lower CAD is a bad idea, says Montek Singh Ahluwalia – The Hindu BusinessLine
Hiking import duties to bring down Current Account Deficit is a bad idea, said the former Deputy Chairman of Planning Commission, Montek Singh Ahluwalia. Speaking
With Fed hiking rates, will RBI follow suit? – The Hindu BusinessLine
The Federal Reserve’s resolve to adhere to aggressive policy rate hike cycle over the next couple of years is likely to create more pressure on
IL&FS in more trouble: 7 defaults in last 15 days; fails to service yet another short-term deposit today – The Financial Express
Major shareholder LIC recently assured that it would not let crisis-hit IL&FS collapse Cash-strapped Infrastructure Leasing and Finance Services (IL&FS) on Thursday defaulted on Rs
RBI cancels meeting with IL&FS shareholders ahead of AGM, next date remains unknown – The Financial Express
IL&FS’s annual general meeting is scheduled for September 29 here. The Reserve Bank of India (RBI) has cancelled the Friday’s meeting with the shareholders of
IL&FS default scare could derail India growth story as banks, lenders pare exposure to NBFCs – The Financial Express
The company’s defaults have highlighted the risk of a sharp growth slowdown in the world’s fastest growing major economy. Manzoor Ahmad lost his job as
IL&FS moves NCLT for direct line with creditors – The Economic Times
Debt-laden IL&FS, the holding company of the infrastructure group, has filed an application with the Mumbai bench of National Company Law Tribunal seeking permission to
Govt fights rupee drop as RBI takes steps to ease liquidity for banks | Business Standard News
India upped the ante in its efforts to restore investor confidence, with the central bank taking measures to ease liquidity for lenders a day after the
Rapid growth of the shadow banking sector may endanger India’s growth story | Business Standard News
IL&FS Manzoor Ahmad lost his job as an electrician and is struggling to make ends meet after a crucial road tunnel project shut down in Srinagar,
How much more can the RBI intervene? | Business Standard Column
The recent debate on the costs and benefits of a falling rupee must have done its bit to reinforce the stereotype of economists as a
Rupee @75-plus: Turbulence ahead | Business Standard Column
With the US Federal Reserve raising rates, and the oil prices rising above $80 barrel after the recent OPEC meeting, there will be further pressure on the Rupee. That
Time to wake up? CAD and rupee are to remain stressed until the 2019 polls | Business Standard Column
Any criticism (even minor) of the government’s economic management elicits a stock response: we have the fastest-growing economy, strong macro fundamentals and are in a
Fed hikes again. Should RBI follow? – The Hindu BusinessLine
The Federal Reserve’s resolve to adhere to aggressive policy rate hike cycle over the next couple of years is likely to create more pressure on
NPA mess: Bankers seek Govt help to speed up debt recovery process – NEWS – The Hindu BusinessLine
Public sector banks’ (PSB) chief executives on Tuesday sought government intervention to speed up the debt recovery process, including faster approvals from District Magistrates, to
View: Falling, not rising, cronyism is the main cause of NPAs – The Economic Times
Rajan says he sent a list of prominent bank fraud cases to the PMO, but heard nothing more about it. Former RBI chief Raghuram Rajan has dissected the banking
Finance minister hits out at Rajan for MSME banking crisis statement – The Economic Times
“I think for anyone to do postmortem is easier than action when it was required,” Jaitley said when asked to comment on Rajan’s view about
Step in, Government, and force IL&FS to list–Economic Times
Infrastructure Leasing & Financial Services (IL&FS) has fashioned its own rescue, and the rescue plan might well work out. But it is too large an
IL&FS | NCLT: Sidbi may take IL&FS to National Company Law Tribunal–Economic Times
The Small Industries Development Bank of India (Sidbi) may file a case in the National Company Law Tribunal (NCLT) against debt-laden Infrastructure Leasing & Financial Services Ltd (IL&FS) for
NPAs: Whopping Rs 1.8 lakh crore debt recovery expected in FY19 from IBC and non-IBC route, says FM Jaitley – The Financial Express
The Narendra Modi government on Tuesday said that the debt recovery in the financial year 2018-19 is expected to be Rs 1.8 lakh crore from both Insolvency
Time to restore ethics in banking, says former Union finance secretary Ashok Lavasa – The Financial Express
It is time for the banking sector in India to re-introduce ethics in banking, election commissioner and former Union finance secretary Ashok Lavasa has said.
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