Chief economic adviser Arvind Subramanian said policymakers must “reflect” after data showed consumer inflation at a record low in June amid faltering industrial growth, seemingly
Category: RBI–Banks
Time for RBI to reduce rates drastically: Rupa Rege Nitsure – The Economic Times–13.07.2017
in interview with ET Now , Mythili Bhusnurmath , Consulting Editor, ET Now and Rupa Rege Nitsure , Chief Economist, L&T Financial Services share their
Slow to start, banks wrestle with insolvency regime | Business Standard News–13.07.2017
Neeraj Singhal, promoter and vice-chairman of Bhushan Steel, was arrested by the Central Bureau of Investigation (CBI) in August 2014. Singhal’s arrest came days after
Loans to MSMEs a means to prop up the sluggish bank credit growth: RBI deputy governor SS Mundra–Economic Times–12.07.2017
Reserve Bank of India deputy governor SS Mundra on Wednesday said loans to micro, small and medium enterprises (MSMEs) should not be seen as a
Why bank lockers are better than home safes–Economic Times–12.07.2017
Even though banks don’t take responsibility, your valuables are safer in a locker than at home. Your valuables are not safe, even in a bank
You asked for it, so the Bankruptcy Code is here to stay–Economic Times–12.07.2017
During the days of corporate debt restructuring (CDR), numerous borrowers and their advisors pleaded that “in the absence of Chapter 11” , they have no
GST launch should pave way for repo rate cut–Business Standard–12.07.2017
In the meeting held on June 7, the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) decided not to cut the repo
Rise in non-performing assets only a blip for IndusInd Bank–Business Standard–12.07.2017
IndusInd Bank met the Street’s expectations when it reported a 26 per cent growth in its June quarter (Q1) net profit at Rs 837 crore.
Paytm will be bigger than a traditional bank, says Vijay Shekhar Sharma–Business Line–12.07.2017
Paytm’s payments bank expects to hit 500 million CASA accounts by 2020, more than double their current count of 200 million wallet users who’ve been
Initiative for merger should come from banks: Former RBI Governor C Rangarajan–Economic Times–11.07.2017
Former RBI Governor C Rangarajan today said bank merger should be need-based and the initiative should come from the lenders themselves. “Initiative for merger should
Nearly 67 crore bank accounts seeded with Aadhaar: Ravi Shankar Prasad–Economic Times–11.07.2017
As many as 67 crore of the 110 crore bank accounts in the country are now linked with Aadhaar, the 12-digit unique identification number, IT
IndusInd Bank Q1 net profit jumps 27% to Rs 836.5 crore–Economic Times–11.07.2017
IndusInd BankBSE -0.04 % on Tuesday reported nearly 27 per cent rise in YoY net profit at Rs 836.5 crore for the June quarter, which
Credit card fraud: Why RBI has done well to put onus on bank customers–Financial Express–11.07.2017
Besides the complexity of online transactions vis-a-vis cash, one of the hurdles for online payments has been concerns over security.The rising number of hack attempts
New bankruptcy law: Multiple delays in first case offers cautionary tale–Business Standard–11.07.2017
In January, Innoventive Industries, a speciality steelmaker based in western India, was forced into the bankruptcy court by its lenders, testing for the first time
First test of new bankruptcy law offers cautionary tale–Business Line–11.07.2017
The new Insolvency and Bankruptcy Code aims to move cases of company failure into a single forum In January, Innoventive Industries, a speciality steelmaker based
Govt to push Banking Regulation Bill in monsoon session | Business Line–11.07.2017
The Finance Ministry is gearing up to introduce a host of Bills, including the Banking Regulation (Amendment) Bill, repeal of the State Bank of India
Bold move in world of listless finance–Economic Times–11.07.2017
Chennai-based Shriram group’s proposed merger of its financial services business with IDFC Bank to create a financial conglomerate is a display of animal spirits in
The buy side in bankruptcy process–Business Standard–10.07.2017
The main focus of the Indian bankruptcy reform has been on the sell side: On creating conditions where lenders eject shareholders and put a firm
Bad loans: The bungling and farce continues | Business Standard Column–10.07.2017
Just over a year ago in mid-May 2016 I had written a column pointing basic flaws in the new architecture set up to handle bad
RBI: NCLT priority for insolvency: RBI partially retracts statement – The Economic Times–09.07.2017
RBI today withdrew a portion of its earlier statement in which it had said that 12 cases identified by it for insolvency proceedings would be
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