Gross NPAs in the Indian banking system have accumulated to a staggering Rs 10 lakh crore. (Assocham website) The successful resolution of issues of banks’
Category: RBI–Banks
NCLT dismisses insolvency petition against Duncans Industries – The Financial Express
Vide the notification dated January 28, 2016 under Section 16E of the Tea Act, the central government had authorised the Tea Board to take over
[ Monetary Policy ] Another surprise | Business Standard Editorials
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) seems to be making a habit of throwing up surprises. In the past two bi-monthly reviews, the
The exchange rate is the shock absorber | Business Standard Column
Foreign capital inflows finance the gap between investment and savings. The exchange rate is the price that adjusts to ensure that the capital inflow is exactly as large
The new (dis)order of our financial system | Business Standard Column
Many analysts are defining the near-collapse of Infrastructure Leasing & Financial Services Ltd (IL&FS) as the Lehman moment for India. We need to wait as
[ Export Promotion ] Opaque policies breed lobbying, corruption | Business Standard Column
In a surprising move, the government has doubled the rewards for dairy products under the Merchandise Exports from India Scheme (MEIS). The rates for items such as cheese, skimmed
I doubt rating agencies’ ability to spot misconduct by IL&FS: A K Pradhan | Business Standard News
Ashok Kumar Pradhan, Managing Director & Chief Executive Officer of United Bank of India Kolkata-based United Bank of India is under the Reserve Bank’s Prompt Corrective Action
IBC: SC lays down guidelines in an attempt to speed up resolution process | Business Standard Column
The Supreme Court has set out how the corporate insolvency resolution process would work from inception while hearing the Essar Steel case, primarily with the
IL&FS effect: NBFCs may sell receivables for quick liquidity – The Hindu BusinessLine
Faced with the risk that their short-term liabilities may not be rolled over, non-banking finance companies may step up securitisation of their receivables to pull
Dual control by Centre, RBI a problem in banking industry: YV Reddy – The Hindu BusinessLine
Former Reserve Bank of India Governor YV Reddy Saturday said dual control by the Centre and the RBI is a problem in the banking industry.
RBI policy: View: RBI delaying inevitable rate hike is just bravado – The Economic Times
By Andy Mukherjee When the world’s de facto central bank rustles up an interest-rate whirlwind, you don’t use a fig leaf of flexible exchange rates
exports: All is not good for exports with rupee depreciation: FIEO – The Economic Times
Depreciation is increasing cost of imported capital goods, inputs and various services used by exporters paid in foreign currency particularly the freight charges as shipping
Rate hike deferred, expect lower rupee–Economic Times
The Reserve Bank of India (RBI) has decided to surprise the markets by holding the repo rate unchanged, instead of raising it by at least
NBFC slump is a crisis of confidence, says Ajay Piramal – The Economic Times
Ajay Piramal shared his views on how it may be time to turn irrational exuberance into sanity. Few bet their personal wealth on financial services
Time taken at tribunals in insolvency cases to be excluded from statutory 270 days: SC – The Economic Times
The court made the observation in the Essar Steel case. The Supreme Court on Thursday said the time taken up by litigations during the corporate
Fiscal slippages to have adverse bearing on inflation, markets, says RBI – The Financial Express
The Reserve Bank Friday said the Centre and states should stick to the fiscal deficit target as any slippage will have an adverse bearing on
RBI Monetary Policy Review: Repo rate, stance, inflation, growth outlook; 9 key things to know – The Financial Express
RBI Monetary Policy: Unfazed by continuous fall in rupee versus US dollar, RBI Governor said the rupee fall is moderate in comparison to emerging markets
IL&FS crisis: The untold tale behind PM Narendra Modi’s shocking takeover of a risky lender – The Financial Express
IL&FS crisis: RBI has initiated a special audit, given the potential systemic risk to other non-bank lenders . With the future stability of the Indian financial
PSB mergers a good idea? The problem gets rolled over for another day unless this big issue is tackled – The Financial Express
This comes close on the heels of the merger of the State Bank of India, on April 1, 2017, with five subsidiary banks. The government’s
Supreme Court does well on Essar Steel bids – Here is why – The Financial Express
Though the resolution process for Essar Steel’s NPAs has been dragging for more than a year against the allowed 180 days—with an extension of another
