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Sunday, September 27, 2020

George Mathew


Govt diluted IBC, its steps hurt RBI’s move on bad loans: Urjit Patel
Sat, Jul 25, 2020

In his new book Overdraft: Saving the Indian Saver, Patel has said that the Supreme Court's April 2019 verdict had not found the RBI’s February 2018 one-day default regulation on the insolvency process “problematic”

Amid rising bad loans, losses and COVID disruption, bank staff to get 15% salary hike
Fri, Jul 24, 2020

Bank managements and unions have agreed to introduce the system of performance-linked incentive (PLI) in public sector banks for the first time.

Explained: Here is how banks will roll out their 15% salary hike
Mon, Jul 27, 2020

PSU bank employees salary: The wage hike will benefit employees of old generation private banks and some foreign banks as the agreement has been signed by 11 state-owned banks, 12 private sector banks and seven foreign banks.

Explained: Why are gold prices going up, and will this rise continue for long?
Wed, Sep 23, 2020

Gold Price: Why is the yellow metal continuing its dream run at a time when Covid-19 pandemic has pushed the global economy into a contraction mode? Will the gold prices continue the upward momentum?

Rush to safe haven assets pushes gold to Rs 50,000
Thu, Jul 23, 2020

Standard gold on Wednesday rose to hit a record high of Rs 50,000 per 10 gram in Mumbai, reflecting firmness in the international market.

Google to invest Rs 33,737 cr in Jio, to develop entry-level smartphone
Thu, Jul 16, 2020

RIL Chairman Mukesh Ambani said Jio has designed and developed a complete 5G solution that’s ready for launch as soon as spectrum is made available next year.

Insurance: Health overtakes motor biz
Thu, Jul 16, 2020

The health segment has contributed 36% of the domestic general insurance premium with premium income of `9,122 crore during April-May in FY21.

Banks, RBI deploy close to Rs 8K cr to ease MF liquidity
Wed, Jul 15, 2020

The data compiled by the RBI shows banks deployed Rs 5,522 crore from their own resources under the Special Liquidity Facility for Mutual Funds (SLF-MF) scheme for Rs 50,000 crore announced by the regulator.

RIL jumps 47 places in 3 mths to 51st most valued company in world with $170 bn m-cap
Tue, Jul 14, 2020

Between April 1 and July 13, RIL has gained $81 billion in market capitalisation and has climbed 47 places from being the 98th most valued company on April 1 to 51st most value company now.

Credit offtake falls Rs 1.81 lakh crore in April, May
Tue, Jul 14, 2020

According to RBI Governor Shaktikanta Das, the liquidity measures announced by the RBI since February 2020 aggregate to about Rs 9.57 lakh crore — equivalent to about 4.7 per cent of 2019-20 nominal GDP.

Shaktikanta Das bats for resolution corporation to revive stressed companies
Sun, Jul 12, 2020

The proposal to set up the resolution corporation has gathered momentum after the financial sector witnessed a series of failures and emergence of stressed firms

Lockdown easing but road ahead tough, Covid biggest test, says RBI Governor
Sun, Jul 12, 2020

Calling the Covid outbreak the “worst health and economic crisis in the last 100 years during peace time with unprecedented negative consequences for output, jobs and well-being,” Das cautioned on the road ahead.

Irdai planning pandemic risk pool, sets up panel
Fri, Jul 10, 2020

The regulator has set up a nine-member committee headed by IRDAI Executive Director Suresh Mathur to recommend the structure and operating model for the pool and submit its report within eight weeks.

COVID cover: Cap set at Rs 18,000 per day for ICU with ventilators at accredited hospitals
Wed, Jul 08, 2020

In the case ‘moderate sickness’, NABH-accredited hospitals (including entry level) can charge Rs 10,000 per day (including Rs 1,200 for PPE) and for non-NABH accredited hospital) it would be Rs 8,000 (including including cost of PPE Rs 1,200).

Chinese imports: Banks delay issue of LCs, flag SME solvency concerns
Mon, Jul 06, 2020

Banks have turned cautious as reports of consignments being held up at ports continue and duty rates are being revised upwards for certain categories of products.

Banks sanction 36.7% of govt’s MSME package, lag in disbursals
Sun, Jul 05, 2020

After a slow start, private banks are slowly catching up by sanctioning Rs 47,108 crore to 4.19 lakh borrowers under the package.

Irdai committee to examine Surety Bonds for road contracts
Fri, Jul 03, 2020

Currently, Surety Bond for contractors is not being offered by insurance companies in the market to guarantee satisfactory completion of a project by a contractor and provide performance security to various government agencies.

Virus cover claims double in a week; most from Maharashtra, Delhi
Wed, Jul 01, 2020

As per officials in the non-life industry, average claims for coronavirus is `2-2.5 lakh in urban areas and `50,000-75,000 in semi urban or rural areas.

As markets crashed, LIC entered to buy stocks amid fall in holdings in March
Mon, Jun 29, 2020

LIC’s holding in companies listed on NSE fell to at least a decadal low of 3.88 per cent at the end of March 2020.

RBI board takes stock of economy, rate transmission; no decision on loan recast
Sat, Jun 27, 2020

Call on transfer of surplus to the Central government likely to be taken in the next meeting.

Hinduja brothers: what property dispute is about, how much is at stake
Fri, Jun 26, 2020

Three Hinduja brothers – Gopichand, Prakash and Ashok – contested the claim of their elder brother Srichand saying “everything belongs to everyone and nothing belongs to anyone.” What is this tussle about? What happens next?

DHFL auditor reports fair value loss of Rs 18,853 crore, ICD dues of Rs 3,786 crore
Wed, Jun 24, 2020

On November 20, 2019, the RBI superseded the board of directors of DHFL — managed by the Wadhawans — owing to governance concerns and defaults in meeting various payment obligations and appointed an Administrator to run the company.

Centre not keen to fund IBA’s bad bank plan, one-time loan restructuring likely
Tue, Jun 23, 2020

The government’s view is that bad loan resolution should happen in a market-led way, a senior government official said. The banks demand for a one-time restructuring of loans is being considered by the banking regulator and the government.

PSBs press accelerator to sanction loans under govt’s MSME package
Thu, Jun 18, 2020

Sanction average of Rs 3.75L per borrower to over 8.54L accounts in last fortnight.

30 claims under process for Rs 50 lakh healthcare workers’ insurance
Tue, Jun 16, 2020

Public sector NIA is currently processing another 30 odd eligible claims under the scheme.