Sunitha natti

Major stakeholders of IL&FS slept on crisis for four years: Former official

R C Bhargava, however, dismissed the notion that no efforts were undertaken.

03 Oct 2018

IL&FS’ rescue critical for Government, shareholders

The bleak reality, however, is that one in every two IL&FS entities are loss-making.

26 Sep 2018

Household savings in banks dip for first time in four decades

For the first time in four decades, bank deposits plunged to 25 per cent of overall household financial assets in FY18 as against 67 per cent a year before.

17 Sep 2018

How RBI stood the test during global financial meltdown of 2008

Our policymakers realised early on that India could be vulnerable and a framework for external sector was spearheaded by none other than Dr Manmohan Singh, when he was RBI Governor.

16 Sep 2018

Rupee may anchor at 72 in FY19

Rupee, which has plummeted in the past few days, is likely remain at 70-72 this year, say currency experts.

09 Sep 2018

Latest RBI data shows RS 2,000 note has run its course

In terms of volume, little or no new pink notes were printed and circulated in the past 12 months.

30 Aug 2018

RBI hopes repo hike to reverse inflation trend

Call it RBI Governor Dr Urjit Patel’s candid confession yet on missing the inflation target, which is the apex bank’s key responsibility area.By Patel’s own admission, RBI has been “away from its

02 Aug 2018

RBI’s slumber on policy rates can delay investment decision-making

Hold and behold! That’s been the mantra of the Reserve Bank of India (RBI), not with regards to rates, but its stance on monetary policy, which was set neutral since February 2017.

01 Aug 2018

Inter-creditor agreement to resolve bad loans may lead to duplication, say experts

Sources also hint that the creation of the ICA framework was largely due to less than anticipated success rate of the Insolvency and Bankruptcy Code, which aims at resolving cases in a time-bound way.

25 Jul 2018

Private and foreign lenders sign pact to speed up resolution of over 400 loan accounts

Lenders including SBI, India Post Payments Bank, Hudco, PFC and LIC, have all signed the pact that targets faster recovery of all or a part of the Rs 6.2 lakh crore that has gone sour.

23 Jul 2018

LIC should desist from taking control of IDBI: IRDAI

Majority stake with promoter status entitles LIC to dominant representation, but RBI’s 50 per cent norm doesn’t allow such possibility.

19 Jul 2018

Lower litigation a shot in arm for taxmen

In another act of kindness to small taxpayers and businesses, the threshold limit for filing appeals in tribunals is raised to Rs 20 lakh, Rs 50 lakh and Rs 1 crore in High Courts and SC.

15 Jul 2018

Protest bugle against IDBI-LIC stake dilution

Even as the decks are being cleared for the proposed IDBI-LIC stake buyout deal, about 400-500 bank employees opposing the move have called for a week-long strike starting next Monday.

12 Jul 2018

Series of CEO arrests leave banking community troubled

Sources said, though there are no signs of a challenge in filling up the vacancies yet, bankers are certainly giving a serious thought to the offers being put on the table.

30 Jun 2018

LIC can hold 30 per cent stake in IDBI

State-run LIC, the black knight for IDBI Bank, can hold as much as 30 per cent equity stake in an entity as a strategic promoter, according to sources.

26 Jun 2018