• Associate Sponsor

George Mathew


Interview with Shardul Shroff: Next 90 days will see some form of action, there will be some revival plans or insolvency
Mon, Jul 17, 2017

Shroff, who represents lenders in the litigation, said buyers for the assets are waiting in the wings and banks will get to know the realisation — of course with haircuts and after long-drawn proceedings.

Maharashtra regains top recipient status for FDI inflows
Sat, Jul 08, 2017

Within Vidarbha, the textile park in Amravati attracted huge investment largely led by policy shift to have textile units only in cotton producing areas.

Regulator to initiate action: Over 1K firms listed on defunct bourses not traceable, says Sebi
Sat, Jul 08, 2017

Such firms to be included in corporate affairs ministry's ‘vanishing’ firms list

Recovery of $580 million against Essar arm’s loan default: ICICI Bank’s Singapore arm moves UK court
Thu, Jul 06, 2017

In September 2016, ICICI’s Singapore branch had moved the New York Supreme Court seeking $560 million in damages

Supply chain, infra not GST-ready: Small traders
Mon, Jun 26, 2017

Despite efforts by the government, the transitional provisions have failed to account for or facilitate transition of credit and stocks in many scenarios relevant to businesses. According to sources, the textile and garments sector workers are going on a strike from June 26 against the high rate of GST.

Transition to GST: Banks, insurers say systems in place despite challenges
Mon, Jun 26, 2017

With the implementation of GST less than a week way, experts have warned of a short-term liquidity shortage as there could be input credit lock up of of over Rs 100,000 crore, of which close to Rs 50,000 crore could be blocked for about two months.

Monetary Policy: US Fed hike signals RBI cut
Fri, Jun 16, 2017

India’s central bank, which has kept the benchmark repo rate steady at 6.25% in the last four policy reviews awaiting the US Federal Reserve’s decision and the progress of monsoon, may opt to go for a bigger cut in the next policy review

RBI identifies 12 mega defaulters for insolvency, their total NPA Rs 175,000 cr
Wed, Jun 14, 2017

25% of total NPA in these accounts with overdue above Rs 5,000 crore each.

Despite decline in interest rates, industry’s loan exposure plummets
Tue, Jun 13, 2017

India Inc’s bank exposure has declined to Rs 24,94,100 crore in April 2017, from March 18, 2016 high of Rs 27,30,700 crore, according to the Reserve Bank of India data.

Two French reinsurance companies join race in India
Mon, Jun 12, 2017

Seven global players — Swiss RE, Munich Re, Hannover Re, Lloyd’s, XL Catlin, RGA and Gen Re — have already received approvals from insurance regulator IRDAI.

Loan waivers increasing fiscal slippage risk, RBI warns Govt
Thu, Jun 08, 2017

A Bank of America Merrill Lynch report has said various state governments are expected to waive off $40 billion, or Rs 257,000 crore, of farmers’ loans in the run-up to the 2019 general elections.

‘National Insurance’s actuary understated claims by 4000 crore’
Sun, Jun 04, 2017

IRDAI bars official Actuary Sandilya for 2 years

PSU banks face RBI corrective action, curbs on operations
Tue, May 30, 2017

In extreme cases, the PCA framework provides the RBI with powers to force mergers or even wind up the non-compliant banks.

India entry: Warren Buffett’s reinsurance company clears final hurdle
Tue, May 23, 2017

The new branch structure will now allow Gen Re to deliver underwriting and risk management expertise locally rather than cross-border.

Foreign Inflows cross Rs 1 lakh crore in 2017: As FPIs, mutual funds play big bulls, insurance firms pull out
Mon, May 22, 2017

While insurance companies pulled out over Rs 10,000 crore in the fourth quarter alone, FPI investments in both equity and debt markets have touched Rs 1,08, 484 crore in 2017

Insurance: LIC sees growth phase, offers 8% assured return in new 100-year scheme
Fri, May 19, 2017

The latest plan which provides cover up to age 100 offers a combination of income and protection

Standing Committee on Finance-PSB officials meet: ‘Demonetisation and service charge issues discussed’
Sun, May 14, 2017

Reforms in life, general insurance were also talked about: Panel member

From $651 mn to $2.5 bn in a year: 3-fold surge in spending by Indians on foreign travel
Thu, May 11, 2017

Deposits of Indians abroad, too, more than doubled to $283.8 million in 2016-17 from $109.9 million last year.

Six months of demonetisation: Economy slowly limps back from shock; RBI yet to make disclosures
Mon, May 08, 2017

The full picture on currency withdrawal is not available even now as the RBI is yet to release data on currency which has come back into the banking system

Push for NPA resolution: RBI to get more powers, oversight panels may target top defaulters
Fri, May 05, 2017

Proposed amendments to make resolution process more effective, provide relief to bankers: Lavasa

Govt eyes Rs 10,000 crore: Two PSU insurers closer to listing; bankers selected
Tue, May 02, 2017

With New India Assurance (NIA) and GIC Re expected to sell 10-25 per cent of the capital, the government is likely to mobilise around Rs 10,000 crore from the divestment.

‘Strong markets, tax break lead to 47% rise in NPS kitty’
Mon, Apr 24, 2017

In 2016, the government decided to provide tax benefit on 40 per cent of withdrawal amount at the maturity of any NPS scheme.

RBI orders banks to review loans to telecom sector
Wed, Apr 19, 2017

While the RBI’s deadline on cleaning up the banks’ balance sheets will be over by Q4 of 2016-17, banks are preparing to make further provisions in the Q4 results.

Insurance regulator plans tighter norms for brokers
Mon, Apr 17, 2017

In another measure the insurance regulator has said a person can be a promoter only in one insurance broking company.

2008 And After: The great loan writeoff rush
Thu, Apr 13, 2017

In the 9 years debt waiver for well over 3 crore small and marginal farmers under the Agricultural Debt Waiver and Debt Relief Scheme, 2008 have been announced.

2008 and after: The great loan writeoff rush
Thu, Apr 13, 2017

The government of Amarinder Singh is under tremendous pressure to announce a waiver.

As ATMs dry up, bankers say normalcy will return soon
Wed, Apr 12, 2017

However, bankers claimed that the position was comfortable across the country and normalcy will be restored in some regions which were facing cash shortage.

Farm loan waiver undermines honest credit culture: Urjit Patel
Fri, Apr 07, 2017

Challenges arising from such schemes to affect govt balance sheet: RBI chief.

NR Narayana Murthy lambastes Infosys COO’s salary hike
Mon, Apr 03, 2017

Infosys: The founders of Infy who hold over 12.75 per cent stake in the company had then sent a letter to the board raising several concerns

Problem of bad loans: Banks need Rs 6.50 lakh crore to tackle stressed assets, says Kotak
Thu, Mar 30, 2017

Kotak also spoke about the need for bad banks to resolve bad loans.

We will enlarge our bouquet of services after the merger, says SBI MD Dinesh Kumar Khara
Tue, Mar 28, 2017

In an interview with The Indian Express, Khara spoke about the nitty-gritties of the largest banking merger in India so far.

Banks yet to file cases against 1,080 wilful defaulters
Mon, Mar 27, 2017

This means banks are yet to file criminal charges against 1,080 wilful defaulters who siphoned off funds or are yet pay up despite having the capacity to pay up.

Avenue supermart shares soar on debut: Radhakishan Damani, India’s low-profile investor
Wed, Mar 22, 2017

Damani, whom many consider as India’s Warren Buffett and mentor to many other heavyweight investors including Rakesh Jhunjhunwala, has been in the billionaire list for a while.

Bureaucratic maze: 3 public sector insurance firms remain headless
Mon, Mar 20, 2017

One official given retrospective charge; another wants to join private sector

Banks to make net interest income of Rs 4,500 crore from demonetisation
Sun, Mar 12, 2017

The RBI further said Jan Dhan account holders pulled out Rs 10,300 crore by March 1 this year from the maximum deposit level of Rs 74,600 crore on December 7, 2016 when the demonetisation drive was at its peak.

Fairfax gets preliminary IRDAI nod for 2nd insurance venture
Thu, Mar 09, 2017

IRDAI, in its board meeting on Friday last week , had given a conditional approval to the new Indian joint venture established by Fairfax Holdings in India along with Oben General Insurance.