George Mathew

Profile

Budget 2016: Rs 25K cr falls short of PSU banks’ hopes
Tue, Mar 01, 2016

Government stake in IDBI Bank may fall below 50%, RBI Act to be amended to form monetary policy committee.

Budget 2016: Steps to deepen bond mkt, but STT hike upsets brokers
Tue, Mar 01, 2016

Sebi will develop new products like options in the commodity derivatives market and also take a slew of measures to deepen the corporate bond markets.

Handling Bad Debts: ARCs get tax breaks, more FDI to salvage bad debts
Tue, Mar 01, 2016

Though the government has provided for only Rs 25,000 crore for bank recapitalisation, the ARC industry that purchases NPAs from banks has been given a fillip.

Budget 2016: Sensex takes a roller-coaster ride, closes 152 pts Down
Tue, Mar 01, 2016

10-year benchmark bond yield falls on hopes of RBI rate cut, rupee gains 20 paise to 68.42 against the greenback; higher-than-expected announced tax push energy stocks down.

304 plans worth Rs 12,75,877 cr stuck; stalled projects continue to haunt policymakers
Sat, Feb 20, 2016

Top 100 delayed projects, mostly in power, steel, railways and petroleum sectors, account for investments worth Rs 10,41,281 crore

Sensex in bear hug: what made it plunge to a 2-year low
Thu, Feb 11, 2016

Foreign investors who have already sold a net $1.9 billion (around Rs 13,000 crore) in shares so far this year are expected to pull out more funds if the US Fed hikes rate again.

Write-offs a scam, small loans rarely in it, says former RBI Deputy Governor
Thu, Feb 11, 2016

Public sector banks have written off Rs 1,14,000 crore in the last three years, as reported in The Indian Express on February 8, based on a response by the Reserve Bank of India to an RTI application.

Facts dispute claims by banks: write-off gallops, recovery crawls
Wed, Feb 10, 2016

In the last three years, public sector banks have written off Rs 1,14,000 crore as reported by The Indian Express on February 8. The Finance Ministry, RBI and SBI sent separate letters to the newspaper arguing that write-offs did not mean all was lost.

Net bad assets of govt banks a third of their net worth
Tue, Feb 09, 2016

In response to an RTI query by The Indian Express, the Reserve Bank of India disclosed that 29 public sector banks wrote off a combined Rs 1.14 lakh crore of bad debt between 2013 and 2015.

Wait for lower rates gets longer as banks fight NPAs, growth pressures
Fri, Feb 05, 2016

Over the last one year, the Reserve Bank of India has repeatedly expressed concern about the partial pass through of rate cuts to borrowers.

Raise capital via Renminbi bonds: CY Leung
Thu, Feb 04, 2016

The HK Chief Executive stated that it has the expertise and capacity to arrange a diverse range of fund-raising options, including syndicated loans.

Eye on budget, RBI keeps rates on hold – here’s the thinking behind it
Tue, Feb 02, 2016

The Reserve Bank of India (RBI) on Tuesday kept key policy rates unchanged, awaiting further data on inflation and the unveiling of the Union Budget scheduled for later this month.

Short-term rates remain high ahead of RBI policy review
Mon, Feb 01, 2016

Overnight call money rates are hovering above the policy rate, while three-month commercial paper rates are now nearly 100 bps above the December 2015 average.

CityBiz: Mumbai metro, country’s richest
Sat, Jan 30, 2016

Mumbai, the commercial capital of India, is the richest metro in the country. The city also tops in contribution to direct tax and deposit mobilisation.

Funding Crisis: Bad loans remain big worry for infra projects
Wed, Jan 27, 2016

Over Rs 2,00,000 crore of loans are stressed out of the total infrastructure exposure of ` 8,40,000 crore

RBI not in favour of giving special status to NAMCO
Tue, Jan 26, 2016

Says it is willing to consider the proposed National Asset Management Company as another ARC

Crop insurance scheme: Success hinges on state govt support
Tue, Jan 26, 2016

The success of the new scheme will depend on the support of state governments.

Conviction and confidence of FIIs on investing in India still remains high: A Balasubramanian
Fri, Jan 22, 2016

A Balasubramanian, CEO of Birla Sun Life Mutual Fund with assets of close to Rs 1,37,000 crore, says long-term investors are convinced about investing in Indian equity.

Indian markets in a bear hug: Sensex, rupee back at level before Modi took charge
Wed, Jan 20, 2016

Lower oil prices, volatile currencies and the slowdown in China are the major factors currently dampening investor sentiment across the globe.

Saving the money: The savers’ dilemma
Fri, Jan 15, 2016

As bank FD rates have fallen and small saving rates are set to decline, will the FM compensate the savers in the Union Budget?

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