Finance News - Page 6
Jaitley's auction paradox: Without bankruptcy code, high bids also endanger banks
The coal and spectrum auctions are good for the exchequer, but if banks have to lend to bidders and some of them go bust, the problem will blow up in Arun Jaitley's face as banks begin to face bankruptcy
Did Raghuram Rajan jump the gun? IMF's warning on inflation seems to say so
If indeed inflation rises from its grave, Rajan may have to explain his rate easing policy stance
All gossip: SBI denies rumours it scrapped Adani's $1 bn loan plea for Australia project
Adani Mining is building a 300-km rail line for its mega $16 billion Carmichael coal mine project in Australia's Queensland state
Insurance Bill is a paradigm shift; LIC likely to struggle to keep up with rivals
There is only one solution for all these problems: LIC should be allowed to function on its own - take investment decisions on its own.
Jaitley's bank strategy is messy: Weak PSBs may not find many takers in market
State-run banks should be left to operate on their on and chances of their survival should be based on their competence, not the government aid
Why are banks not cutting rates? Arun Jaitley to take up issue with PSU bank chiefs today
At Wednesday's meeting, Jaitley would also review the progress made on decisions taken at the two-day Gyan Sangam
Get this: Top 10 defaulters account for Rs 28,000 cr of state-run banks' NPAs
This in percentage terms is 1.73 percent of total loans
Jaitley isn’t getting it; recovery is a mirage as long as banks remain fence-sitters
The budget was a golden chance for Jaitley to keep the economic revival story intact by refuelling the banks. By choosing not to do this, Jaitley seems to be forgetting that someone needs to really fund the India growth story
Farm lending in India is a puzzle; FM must solve it before giving targets for banks
The only option is to plug the leakages in the credit disbursal system to ensure that the loans reach the intended beneficiary
Sensex crosses 30,000, Nifty at life high as markets cheer RBI rate cut
The Nifty was also a life time high as markets cheered the RBI's decision to cut monetary rates, a decision that it sees as a boost for industrial growth.
RBI's surprise rate cut: Here's why the central bank decided to back the govt
The RBI has endorsed the government's roadmap for economic recovery.
Surprise! RBI cuts repo rate to 7.5%, joins govt's plan to kickstart growth
In an early morning press release the central banks said that the "softer readings on inflation are expected to come in through the first half of 2015-16 before firming up to below 6 per cent in the second half.
With govt getting a say, RBI’s inflation fighting will never be the same
The new set-up will help the RBI escape from the mud-slinging from the finance ministry every time there is rate hike, but will also reduce its powers
RBI-govt deal on monetary policy cuts both ways; FM also has to deliver
Contrary to the general assumption, the monetary policy framework that assigns the task of management to the RBI is not one-sided. It implicitly commits the government too to a sensible fiscal policy, though this is not stated.
Core sector grows just 1.8% but Jaitley should not bank on RBI rate cut for growth
A growth revival is possible only if the Narendra Modi government walks the talk. The solution is not another RBI rate cut
Union Budget 2015: Jaitley brings cheer for banks and NBFCs
Finance Minister Arun Jaitley on Saturday announced a slew of measures which experts said would help “energise” the banking system further, power recovery of loans and streamline decision-making.
Budget 2015: Jaitley adds sparkle to gold, encourages buying and selling of yellow metal
Finance minister announces gold monetisation scheme and a sovereign gold bond apart from steps to boost recycling of the metal.
Economic Survey does a Raghuram Rajan, hits bull’s eye on banking reforms
The responsibility of acting on recommendations such as reforming state-run banks and bringing in bankruptcy laws, rests with the government.
How to revive growth in India? Economic Survey hits the nail on the head
The government would do well if it acts in the direction offered by the economic survey
Budget 2015: What happened to the Rs 10,000 cr startup fund Mr Jaitley?
Industry leaders allege that beyond the budget announcements, the implementation of the scheme has been poor on the ground.
Budget 2015: Jaitley should unveil a solid plan to refuel NPA-ridden public banks
Until the time the government remains the majority owner in state-run banks, it can’t escape from the responsibility of funding these entities
Bank strike called off but truce is temporary; full autonomy for banks only solution
State-run banks cannot afford to hold on to their archaic methods of functioning and wage settlement if they want to retain their market share
Budget 2015: State-run banks desperately need capital; will FM get solution right?
Beyond the pacifying words on autonomy and support at the Gyan Sangam, Jaitley will have to bring himself some concrete roadmap in the budget
Exclusive: SBI set to take possession of Mallya’s Kingfisher House in Mumbai
Even if SBI manages to take possession of the property and sell it, that will help the lender to recover only a fraction of the total repayment obligations
As bank staff prepare for next strike, will they also look at rising customer complaints?
If the service standards continue to deteriorate, public sector banks will have no customers and if there are no banks, unions will also cease to exist
Capital as reward for efficiency: Some public banks get a raw deal from govt
Would smaller, ‘less efficient’ banks have to die a natural death in due course?
Rewarding efficiency: Govt to Infuse Rs 6,990 cr in 9 public banks
The capital infusion has been decided based on the performance of the bank. Better the performance higher will be the infusion
Crisis looms over public banks as no roadmap yet on govt capital infusion
In the absence of a clear road map, it wouldn’t be too distant a future before one sees a crisis situation in some of the weaker state-run banks
SKS to Vodafone: Microlenders, telcos may emerge as banks to serve poor
India is set to witness the biggest banking revolution ever happened. Good news for half of the country’s unbanked poor
Jan Dhan: Drop in zero-balance accounts as LPG cash subsidies flow in
The Jan Dhan Yojana scheme's success depends on how active these accounts become. One sign: the number of zero-balance accounts is falling. The LPG cash transfers may be helping