Clipped from: https://economictimes.indiatimes.com/industry/transportation/shipping-/-transport/abg-shipyard-allegedly-used-38-overseas-firms-to-divert-funds/articleshow/89649530.cms Synopsis Both the Central Bureau of Investigation (CBI) and Enforcement Directorate (ED) have booked ABG Shipyard and its directors on charges of criminal
Category: RBI–Banks
Debt recovery: HC proposes to initiate vigilance enquiry against bank official – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/debt-recovery-hc-proposes-to-initiate-vigilance-enquiry-against-bank-official/articleshow/89690652.cms Synopsis While the borrowed sum was Rs 62 lakh in 1992, the Debt Recovery Tribunal ordered the defaulted to return Rs 1.85 crore
Bias for interest rates is on the upside, says UTI MF’s Amandeep Chopra | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/bias-for-interest-rates-is-on-the-upside-says-uti-mf-s-amandeep-chopra-122021500802_1.html As the markets adjust to the process of policy normalization, investors can focus on products which are running strategies to capture these trends
NBFCs seek priority sector tag for 2-wheeler loans financed by bank credit | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/nbfcs-seek-priority-sector-tag-for-2-wheeler-loans-financed-by-bank-credit-122021801185_1.html This would help them get cheaper funds from banks and increase lending, especially in rural areas Finance companies have sought priority sector lending status
New prudential norms: NBFCs get some leeway on bad loans classification | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/new-prudential-norms-nbfcs-get-some-leeway-on-bad-loans-classification-122021501451_1.html The Reserve Bank allowed some relaxation in the stricter prudential norms announced for all lenders, including shadow banks The Reserve Bank on Tuesday
NBFCs get extra 6-months to keep system ready to implement NPA norms | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/nbfcs-get-extra-6-months-to-keep-system-ready-to-implement-npa-norms-122021600060_1.html In November 2021, RBI had given time till March 31, 2022 to implement the rule Imaging: Ajay Mohanty The Reserve Bank of India
NBFCs get extra 6-months to keep system ready to implement NPA norms | Business Standard News
lipped from: https://www.business-standard.com/article/finance/nbfcs-get-extra-6-months-to-keep-system-ready-to-implement-npa-norms-122021600060_1.html In November 2021, RBI had given time till March 31, 2022 to implement the rule Imaging: Ajay Mohanty The Reserve Bank of India
Underspending on MSME schemes increased in 2020-21, shows govt data – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-underspending-on-msme-schemes-increased-in-2020-21-shows-govt-data/2433939/ Credit and Finance for MSMEs: Out of Rs 7,572.20 crore earmarked for the MSME Ministry in the Union Budget 2020-21, Rs 5,647.50 crore
The political risks of low interest rates are high in an election year | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/the-political-risks-of-low-interest-rates-are-high-in-an-election-year-122021400129_1.html Since 1989, governments have risked that the benefits of higher economic growth will offset the costs of higher inflation The Monetary Policy Committee
RBI DG Rabi Sankar asks for complete ban on cryptocurrencies in India | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/rbi-dg-rabi-sankar-asks-for-complete-ban-on-cryptocurrencies-in-india-122021401710_1.html ‘We have examined arguments by those advocating cryptos should be regulated, and found that none of them stand up to basic scrutiny,’ says
Monetary Policy: MPC pulls a dove out of the hat – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/monetary-policy-mpc-pulls-a-dove-out-of-the-hat/2430742/ Given the need to support durable growth, RBI signals a longer than expected runway for the start of monetary-policy tightening The release of
Retail inflation rises to 6.01 per cent in January, breaches RBI’s comfort mark – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/retail-inflation-rises-to-6-01-per-cent-in-january/articleshow/89567758.cms Synopsis In its recently concluded monetary policy meet, Reserve Bank of India said inflation based on consumer price index (CPI) is expected to
ABG Shipyard: FM Nirmala Sitharaman defends time taken to file fraud complaint in ABG Shipyard, says less than normal – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/transportation/shipping-/-transport/fm-nirmala-sitharaman-defends-time-taken-to-file-fraud-complaint-in-abg-shipyard-says-less-than-normal/articleshow/89570021.cms Synopsis Opposition Congress has accused those sitting in the highest echelons of power in the Narendra Modi government of complicity, collusion and connivance
Price discovery in the times of NARCL | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/price-discovery-in-the-times-of-narcl-122021300981_1.html NARCL has a competitive advantage over private asset reconstruction companies, because it comes with deep pockets and a government guarantee Policymakers have taken
India’s banking story still evolving | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/india-s-banking-story-still-evolving-122021300916_1.html Banks have started seeing signs of growth in credit. Retail loans still remain the growth driver but money has also started flowing to
Ignoring inflation may not be wise | Deccan Herald
Clipped from: https://www.deccanherald.com/opinion/first-edit/ignoring-inflation-may-not-be-wise-1080569.html RBI The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) has maintained the status quo on interest rates and retained
RBI should act quickly and firmly, raise policy rate as a signal | Deccan Herald
Clipped from: https://www.deccanherald.com/opinion/panorama/rbi-should-act-quickly-and-firmly-raise-policy-rate-as-a-signal-1079531.html It has to show to the jittery world that India’s central bank will not deviate from the path of maintaining price stability, the
No change: RBI’s lame-duck policy | Deccan Herald
Clipped from: https://www.deccanherald.com/opinion/in-perspective/no-change-rbi-s-lame-duck-policy-1080250.html The unanimous decision of the six-member Monetary Policy Committee (MPC) of the Reserve Bank of India to maintain the status quo on policy
Increasing MSMEs’ share in GDP to 40% by 2025 is a herculean task: AIMA – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-increasing-msmes-share-in-gdp-to-40-by-2025-is-a-herculean-task-aima/2413579/ Ease of Doing Business for MSMEs: Former MSME Minister Nitin Gadkari in 2020 had set a target of increasing MSMEs’ share in exports
Monetary policy accepts a big risk in continuing to prioritise growth
Clipped from: https://timesofindia.indiatimes.com/blogs/toi-editorials/monetary-policy-accepts-a-big-risk-in-continuing-to-prioritise-growth/ Quick Edit TOI Quick Edits are written by a team of seasoned journalists from the Times of India’s Edit Page and TOI-Online who
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