Shobhana Subramanian

Strong RBI helps the economy: Know why raiding RBI reserves is a bad idea

Govt asking RBI to relax PCA norms and forbearance on power loans is odd since no govt has done more to fix bank balance sheets via the IBC route.

Opinion News

FY 19 growth to be slower than expected; here’s why

Meaningful capex is unlikely before 2020-21, with banks reluctant to lend and India Inc overleveraged.

capex, economy, investment News

Attacking Raghuram Rajan to defend demonetisation is not justified

Had Rajan not initiated banks’ clean-up, there may not have been any banking system left. Apart from this, Rajan’s actions are what led to the BJP’s biggest reform, on insolvency.

Opinion News

The rupee is in a very sweet spot

The single biggest problem in the Indian economy is that there is still a reluctance and unwillingness of the private sector to invest. It is a complex situation, and we do not know when it will get resolved, says Hitendra Da

Opinion News

Aadhar-enabled Payments System: Big banks’ market-loss fear slows Narendra Modi’s AePS push

Despite a big push by the Prime Minister’s Office (PMO) for greater use of the Aadhaar-enabled Payments System (AePS), the apprehension on the part of larger banks that they might lose market share is slowing the process.

Aadhar, PMO, AePS, UIDAI, NPCI, DBT, Pradhan Mantri Jan-Dhan Yojana News

4 years of Modi government: Achche din may be several years away, but PM must get full marks for trying

The damage from demonetisation and GST is slowly coming undone, but business sentiment remains subdued.

Opinion News

Four Years of NDA: GST, IBC, JAM … Labouring On

To be sure the NDA regime has done some really good work that will allow the economy to grow faster in the coming years; the most notable initiatives are the rollout of the GST, the resolution of stressed assets under the IBC

NDA, BJP govt, four years, GST, IBC, JAM News

Selective outrage by RBI at Axis Bank

If high loan-losses are the reason why Shikha Sharma had to go, the same should apply to most heads of PSU banks.

rbi, pnb, central bank, axis bank News

CFO Newsmaker: Anshula Kant – Of Music and Margins

As a young girl growing up near the Himalayas, she never imagined she would climb so high. But Anshula Kant is as grounded as it gets. “Down to earth” is how the chief financial officer (CFO) at the State Bank of India (S

CFO Newsmaker, Anshula Kant, State Bank of India, associate banks of SBI, country biggest bank News

We want to give customers an experience that uses tech seamlessly, says MD of HDFC Bank

With digital banking becoming all-important, HDFC Bank wants to deliver not just banking but a financial experience to customers, managing director Aditya Puri tells Shobhana Subramanian and Shayan Ghosh.

digital banking, HDFC Bank, MD of HDFC Bank, Aditya Puri, Amazon, facebook, asset liability committee News

CFO Lifetime Achievement: Bharat Doshi – ‘Work is worship’

He had always hero-worshipped Nani Palkhiwala and inspired by Louis Nizer’s My Life in Court, pursued a master’s degree in law. In college, he would stage mock trials of his professors on Annual Days.

CFO Lifetime Achievement, Bharat Doshi, Nani Palkhiwala, Reserve Bank of India, mahindra finance, Mahindra and Mahindra News

CFO of the year: Seshagiri Rao – Nerves of steel

The secret of his slim and trim physique is a regular regimen of yoga and a brisk morning walk.

CFO of the year: Seshagiri Rao – Nerves of steel

AP special status: Govt right on Andhra, pity Naidu isn’t convinced

Since special category status can't be given, govt doing the next best by monetizing the benefits for the state.

AP special status, Chandrababu Naidu, Andhra Pradesh special status, arun jaitley, Uttar Pradesh, bjp, Rahul Gandhi, Narendra Modi, NABARD News

Loan, deposit rates alert: They are set to go up, says HDFC MD Aditya Puri

In a clear indication that the rate cycle has turned, loan and deposit rates are all set to go further up, HDFC Bank managing director Aditya Puri said.

Loan, deposit rates, hdfc, hdfc bank, HDFC MD Aditya Puri News

Bond markets will remain spooked till Arun Jaitley’s ministry explains its numbers to it

That Thursday’s Rs 11,000 crore auction of government securities had to be cancelled after bond yields spiked by nearly 20 basis points on Thursday is a matter of concern. This is the fourth auction cancelled by RBI in just

RBI, Arun Jaitley, Food inflation, MSP, PSU banks News

Budget 2018: Cut taxes, ease labour laws and spend more – It’s time to be bold, Mr Arun Jaitley

Budget 2018: The government should make it easier for prospective buyers by tweaking the rules if necessary, such as those in Section 79, to facilitate the transfer of assets. If even a handful of companies move to stronger p

Budget, Budget 2018, taxes, labour laws, Arun Jaitley, GDP, Indian exporter, CRISIL, infrastructure, crude oil, crude oil prices, long-term capital gains tax, LTCG, tax cuts News

Economic growth: Some momentum, not enough to matter

The latest rounds of high frequency indicators have cheered analysts and investors, prompting many to say growth may finally have bottomed out.

economic growth, momentum, high frequency indicators, economy News

IBC process: In 2018, Centre must plug all loopholes to keep dodgy promoters out

Former Reserve Bank of India (RBI) Governor Raghuram Rajan had said, in one of his speeches, that many of the country’s businessmen were free-loaders; the sanctity of the debt contract had been continuously eroded in recent

IBC, Centre, promotors News

‘Our net interest margins likely to remain at 7.5% in 2017-18’

Cost of funds for Shriram Transport Finance Company is likely to remain unchanged despite recent concerns that the interest rate easing cycle has bottomed out, MD & CEO Umesh Revankar told Shobhana Subramanian and Shamik Paul

Industry News

How reviving 3 lakh cr worth of stranded projects will help homebuyers, banks and power growth

Reviving stranded projects worth Rs 3 lakh crore will help home buyers and banks and give a big filip to economic activity.

The government must, with the help of homebuyers associations, zero in on developers and come up with ways to resuscitate projects. News

India’s consumption story in trouble as consumer confidence falls: RBI poll

Consumer confidence has fallen to levels seen three years ago, just before the Modi government came to power, according to the latest RBI survey.

RBI, RBI poll, latest RBI poll, RBI survey, latest rbi survey, narendra modi govt, modi govt, narendra modi government, narendra modi, consumer confidence, consumer confidence india News

Tax collections will decide if Narendra Modi government’s demonetisation drive was a success

Since most money came back, critical to catch the black money deposits; big jolt to cash economy augurs well

demonetisation, demonetisation news, demonetisation latest news, demonetisation india, demonetisation drive fail, demonetisation failure, narendra modi, modi government, black money, black money india News

India story is a good one, says HSBC India’s Hitendra Dave

The money that comes into India is largely seeking growth. The world wants to acquire more Indian assets, be it through the FDI channel, the FPI channel, offshore bond or the masala bond channel.

Reserve Bank of India, india, hitendra dave, inflation, HSBC India News

New manufacturing policy to come by September; Nirmala Sitharaman says ‘Jobs to be the focus’

India’s manufacturing policy will soon be overhauled with the objective of creating more jobs in an environment where technology is rapidly replacing labour, commerce & industry minister Nirmala Sitharaman said on Tuesday.

WTO, India, Nirmala Sitharaman, WTO agenda, ecommerce ecommerce , Invetment facilitation, investment , consensus , developing nations News

Banking Regulation Act: NPA resolution starts, more reforms in offing

The powers given to the Reserve Bank of India (RBI) via the amendments to the Banking Regulation Act, 1949, to help it deal more effectively with stressed assets, may not appear as overarching as some might have expected.

Opinion News

Supreme Court ruling on Tata Power, Adani Power will hit investment hard

The Supreme Court verdict disallowing Tata Power and Adani Power any relief on the loss of tariffs resulting from higher cost of imported coal will come as a big blow to both power producers.

Industry News

Kotak Mahindra Bank: Fintech with a bank to back it

Apart from slashing costs, the big money has to come from selling loans/products to customers that only banks have.

Opinion News
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