George Mathew
Articles By George Mathew
Monetary policy review: Reserve Bank keeps rates same, cuts inflation forecast
The central bank, while unveiling the bi-monthly monetary policy, cut its inflation projection to 2.7-3.2 per cent by March 2018 from its earlier view of 3.9-4.5 per cent.
IRDA turns down Prem Watsa proposal to buy reinsurance firm
ITI Reinsurance deal value was equal to the net asset value plus a premium of Rs 13.1 crore.
RBI panel may resist pressure for CRR cut, repo rate may remain unchanged
A one percentage cut in CRR from the current level of four per cent will release around `1,20,000 crore into the banking system.
Nearly a dozen potential buyers line up for IL&FS renewable energy assets
The new IL&FS board under the chairmanship of Uday Kotak has been actively working out solutions to reduce its debt obligations amounting to over Rs 94,000 crore.
Bank credit to NBFCs zoom 55.6% in 12 months
Credit soars to `562,600 cr as of Oct 2018 from `361,500 cr in Oct 2017
Explained: Why ATM operators are unhappy, what happens if cash machines shut
The Confederation of ATM Industry has said the regulatory changes will make it impossible for ATM service providers to meet the cost of compliance. The ATM industry thinks there is no option but for banks to step in to bear the load.
Govt plans further disinvestment in headless NIA, GIC
The Department of Investment and Public Asset Management (DIPAM) has invited expression of interest (EoI) from merchant bankers and brokers for managing the offer for sale (OFS) of GIC and New India Assurance.
RBI reserves: Revaluation gain not to be considered
The considered view is that the gains recorded because of revaluation or owing to changes in the price of securities are notional and it would be prudent not to transfer funds from this reserve.
Govt and RBI break the ice as central bank agrees to help ease lending to small business
At the nine-hour board meeting, one of the longest in recent years, the RBI agreed to work out a loan restructuring scheme for SMEs for a loan exposure of up to Rs 25 crore in line with the advice of the board.
RBI board meeting today, govt to push for governance reforms in RBI
The government is looking for a consultative process in decision-making to align the overall economic policy framework, given its differences with the central bank over many issues, sources said.
RBI survey for 2017: Four southern states account for 46% of $69 billion overseas remittances
The RBI survey reveals that 58.7 per cent of total remittances of $69 billion in 2017 was received by four states — Kerala, Maharashtra, Karnataka and Tamil Nadu.
Retail investors pump over Rs 15,000 crore into SIPs in two months
Retail investors pumped over Rs 15,700 crore into SIPs of mutual funds in the last two months even as the markets showed huge swings, according to data from the Association of Mutual Funds in India (Amfi).
NBFCs faced asset-liability mismatch, getting corrected by banks’ lending to them: ICICI Prudential AMC MD & CEO
In an interview to Indian Express, Nimesh Shah, who manages assets worth over Rs 3,10,000 crore spoke about a host of issues relating to mutual funds, markets and the economy.
IL&FS board warns about Rs 53,000 crore bank exposure
On October 1, 2018, the government had moved the NCLT to supersede the board of IL&FS, which had defaulted on payments of over Rs 3,000 crore over a two-month time period.
Explained: What ails the NBFC sector
Liquidity squeeze facing non-banking financial companies is at the root of the ongoing conflict between govt and RBI. What triggered the crunch, where do RBI and govt differ on bailout, and what lies ahead?
RBI fears special window for NBFCs may open door to misuse
Once such a special window is opened, the RBI will have to provide liquidity to all companies approaching the central bank for funds.
IL&FS board’s report reveals more discrepancies in business transactions
The board has found several other discrepancies in the business transactions of IL&FS group and its subsidiaries and is in the process of taking corrective action.
Undermine RBI autonomy, face markets’ wrath, ignite economic fire: Deputy Governor speaks up
RBI Deputy Governor Viral Acharya said the market can discipline the government not to erode central bank independence, and it can also make the government pay for its transgressions.
Ruias make Rs 54,389 crore offer for Essar Steel
Essar promoters offer `12,000 cr more than the bid submitted by ArcelorMittal; source of funds not revealed.
FPI sell-off intensifies: Big investors face the heat
Though the Reserve Bank of India eased norms governing debt market investments, FPI interest in Indian debt has been waning.
