Follow Us:
Thursday, April 09, 2020

George Mathew

Profile

Now, IRDAI allows 3-month moratorium on term loans
Thu, Apr 09, 2020

The decision is likely to benefit several corporates, especially finance companies which had taken term loans from insurers.

India, US in talks for dollar swap line to strengthen macro outlook
Thu, Apr 09, 2020

India liquidated its forex assets to stabilise the rupee which recently fell below the 76 level against the dollar. India’s foreign currency assets had declined by around $7.50 billion in two weeks to $ 439.66 billion as on March 27.

A Balasubramanian: ‘Investors should not worry & remain hopeful of a repeat of the upside’
Tue, Apr 07, 2020

A. Balasubramanian, MD & CEO, Aditya Birla Sun Life AMC, who manages assets worth Rs 247,520 crore spoke to The Indian Express on the stock market fall, losses by investors and redemption pressures.

Sanjiv Chadha: Pressure on individual borrowers should be less after 3 months
Fri, Apr 03, 2020

We’re now living in difficult times. There are physical challenges in terms of people transacting in their accounts, coming to the branches and the lockdown.

Moratorium on credit card dues may lead to windfall for banks if users delay monthly repayments
Mon, Mar 30, 2020

The Reserve Bank of India (RBI) has allowed moratorium on repayment for three months, but it has not waived the interest charge for the three months.

Tough times never last, only tough people and tough institutions do, says RBI Governor
Sat, Mar 28, 2020

There are fears that widespread job losses and destruction of demand because of the lockdown and the pandemic’s effect on the economy, will set off unprecedented economic distress across all sectors and levels.

Despite objections by own panel, RBI allows banks in NDF market
Sat, Mar 28, 2020

The RBI took the decision despite the recommendation by a task force set up by it against allowing banks in the NDF market.

COVID-19 infects markets: FPIs withdraw `1 lakh crore from equity, debt in March
Sun, Mar 22, 2020

Foreign portfolio investors (FPIs) have pulled out close to Rs 1,00,000 crore (US $13 billion) from India in March, as the coronavirus pandemic and the carnage in the financial markets have forced FPIs to derisk from emerging market assets across the world. This is the largest monthly outflow in the history of the Indian markets, […]

UAE Central Bank imposes curbs on remittance firm owned by Indian
Fri, Mar 20, 2020

Unimoni Financial Service, Shetty’s Indian operations, said it’s “not privy to the remittances business of UAE Exchange Centre and operates as an independent legal entity”.

Health policies to cover coronavirus-related illnesses on the cards
Fri, Mar 20, 2020

Health insurance is one of the fastest growing segments of the industry. During FY 2017-18, insurance companies collected Rs 37,029 crore as health insurance premium registering a growth of 21.8 per cent over the previous year.

Write-down of Yes Bank bonds: Retail investors suffer Rs 1,000-crore loss
Wed, Mar 18, 2020

The bank last week said the perpetual subordinated Basel III compliant ATI bonds worth Rs 3,000 crore issued on December 23, 2016 and ATI bonds worth Rs 5,415 crore issued on October 18, 2017 “have been fully written down and stand extinguished with immediate effect”.

K Paul Thomas: ‘Quality of corporate governance in enforcing credit standards relevant’
Mon, Mar 16, 2020

We believe the Indian banking system is one of the safest in the world, says K Paul Thomas.

Bank, Boom, Bust
Sun, Mar 15, 2020

While the State Bank of India announced equity infusion of Rs 7,250 crore on March 12, ICICI Bank, Kotak Mahindra Bank, HDFC and Axis Bank on Friday said their boards have approved investments of Rs 1,000 crore, Rs 500 crore, Rs 1,000 crore and Rs 600 crore, respectively, in Yes Bank

As crisis loomed over Yes Bank, in six months, depositors took out Rs 18,000 crore
Mon, Mar 09, 2020

Early Sunday, Yes Bank founder Rana Kapoor was arrested in Mumbai by the Enforcement Directorate (ED) on alleged money-laundering charges and remanded in the agency’s custody till March 11 by a local court.

Regulatory measures, resolutions help reduce NPAs in energy sector in 2019
Sun, Mar 08, 2020

In its reply to a query made by The Indian Express under the Right to Information Act, the RBI said as much as 18.03 per cent of the energy sector exposure as of September 2019 is still classified NPA, but it has fallen from 20.3 per cent in September 2018.

Day after, RBI unveils its revival plan for Yes Bank, says SBI willing to invest
Sat, Mar 07, 2020

The scheme states that the investor bank should agree to invest in the equity of the reconstructed bank (Yes Bank) to the extent that post-infusion, it holds 49 per cent shareholding in the bank at a price not less than Rs 10 — face value of Rs 2 and a premium of Rs 8.

Bailout buzz, RBI supersedes Yes Bank board, caps withdrawals at Rs 50,000
Fri, Mar 06, 2020

The RBI directed Yes Bank that it should not grant or renew any loan or advance, make any investment, incur any liability or agree to disburse any payment or otherwise enter into any compromise or agreement and transfer or dispose of any of its properties or assets.

RBI supersedes Yes Bank board: Scare after PMC, hope for revival in 1-month freeze
Fri, Mar 06, 2020

A senior official in the finance ministry said that the one-month moratorium will help work out a rescue plan, infuse adequate capital and avoid undue panic in the market. “It is a decisive step to protect all stakeholders, especially depositors,” he said. 

IRDAI asks insurance firms to design coronavirus policies
Thu, Mar 05, 2020

The IRDAI proposal is probably a first in the world at a time when coronavirus cases have seen a spike in the country.

Credit growth to industry, farm sector falls despite RBI rate cuts
Mon, Mar 02, 2020

RBI Governor Shaktikanta Das had recently said the overhang of non-performing assets (NPAs) “remains relatively high which is weighing on credit growth”.

Advertisement
Advertisement
Advertisement
Advertisement