George Mathew
Articles By George Mathew
RBI MPC minutes reveal differences on inflation outlook
The MPC, in its first meeting after Shaktikanta Das took over as the RBI Governor, unanimously agreed to move the policy stance to ‘neutral’ from ‘calibrated tightening’.
Credit flow to micro and small units contracts in first 9 months of FY19
Data from the Reserve Bank of India shows that loan outstandings of micro and small units have fallen by 2.14 per cent to Rs 365,000 crore as on December 21, 2018 from Rs 373,000 crore in March 2018, a decline of Rs 8,000 crore.
Agriculture sector credit stagnates, bad loans surge over 40%: RBI
Credit growth to the farm sector fell to a low of 3.8 per cent during the fiscal ended March 2018 and improved marginally to 8.4 per cent, which is much lower than the overall non-food bank credit growth of 12.8 per cent as of December 2018.
Pension scheme for unorganised sector could cannibalise APY
The new scheme, promising Rs 3,000 per month pension, will benefit around 42 crore workers in the sector, Finance Minister Piyush Goyal said while presenting the interim Budget on February 1.
RBI cuts rate, signals further softening to focus on growth
Repo rate cut by 25 basis points; home, personal loans likely to come down.
Monetary Policy Committee meeting: RBI Governor, Deputy Governor differ on rate cut decision
While Shaktikanta Das wanted a 25 bps cut, Viral Acharya opted for status quo.
RBI slashes interest rates by 25 bps, home, personal loans likely to come down
The Monetary Policy Committee headed by the RBI Governor Shaktikanta Das also decided to change the monetary policy stance from 'calibrated tightening' to 'neutral.
Budget sops could hold back RBI from announcing rate cut
The Reserve Bank is likely to wait till the post-election budget in June or July, which should provide additional guidance on the medium term outlook and the possibility of a rate cut, said an analyst.
Budget 2019: Salaried class, pensioners to save more
For salaried persons, the standard deduction is being raised from the current Rs 40,000 to Rs 50,000, which will give additional tax benefit of over Rs 3000 to over 3 crore salary earners and pensioners.
Budget 2019: Sensex gains on sops, but worries over fiscal deficit
Rupee falls, bond yields rise after government announces higher borrowings.
Case of Zee: how share-pledging by promoters works — and risks it entails
The Group accepted it has an overall debt of around Rs 20,000 crore, but said it was close to selling projects worth that sum.
Banks file over 2,800 suits to recover Rs 1 lakh crore in a year
During 2017-18, the GNPA ratio reached 14.6 per cent for PSU banks due to restructured advances slipping into NPAs and better NPA recognition.
Four names shortlisted for LIC Chairman post
This is the first time that a longer list of four names have been prepared which normally used to have 2 or maximum 3 names on earlier instances
Who’s who named by CBI — and their ‘role’ in the Chanda Kochhar case
While ICICI Bank disbursed the loans to Videocon on September 7, 2009, Dhoot transferred Rs 64 crore to Deepak Kochhar, Chanda Kochhar’s husband on the next day (September 8), according to FIR filed by the CBI.
Ahead of interim budget, finance ministry asks RBI: How much dividend can you transfer?
One of the contentious issues in the conflict between the government and the RBI under Urjit Patel was the size of the central bank’s reserves, which at Rs 9.6 lakh crore was then perceived as being excessive by the government.
Life Insurance Corporation becomes IDBI Bank promoter
Banking sources said the LIC may have to cut down its stake in other banks as the promoter of a bank cannot hold more than 5 per cent stake in other banks. LIC holds sizeable stake in many PSU banks, including SBI, and nominee directors in some of them.
Foreign reinsurers mobilised over Rs 6,200-cr premium in FY18: IRDAI
The total assigned capital of foreign reinsurance branches increased to Rs 2,570.35 crore, as of March 2018, from Rs 1,117.81 crore, as of March 2017, the insurance regulator said in its Annual Report.
Private insurers set to make Rs 3000 crore profit from crop cover, PSUs in loss
According to the annual report of the Insurance Regulatory and Development Authority of India (IRDAI), as much as Rs 11,905.89 crore was collected by 11 private sector insurers as premium, but they faced insurance claims of only Rs 8,831.78 crore.
Farmers package in the works: Income support scheme and interest-free loans
As there are 21.6 crore small and marginal farmers — most of whom are not in a position to repay the loan or put collateral — such a scheme is the only way to support their fund requirements, apart from ensuring market prices for their produce.
FDI via Mauritius dives in first half, Singapore gains
Singapore which overtook Mauritius has turned out to be the preferred country for routing FDI with a 77.77 per cent jump in investments.
