Shobhana Subramanian
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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.
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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.
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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 Dave.
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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.
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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.
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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 and the re-capitalisation of state-owned lenders.
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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.
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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 (SBI) describes herself.
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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.
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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.
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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.
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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.
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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.
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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 over a month.
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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 promoters, the mood in corporate India will change completely.
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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.
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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 years in India
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‘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.
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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.
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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.
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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
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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.
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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.
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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.
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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.
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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.
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After Finomena sources loans worth Rs 20 cr for 10K customers, founders Abhishek Garg, Riddhi Mittal say ‘will go past the big names’
Having been around for just over a year, Finomena has already sourced loans worth `20 crore for 10,000 customers who aren’t able to access banks.
