Shobhana Subramanian

Articles By Shobhana Subramanian

207 Articles

Yes Bank crisis: We failed to spot this one also

For all the criticism of the public sector and rants about its inefficiency, much of private sector hasn’t exactly covered itself with glory; integrity levels in the private sector, it would appear, are far more questionabl

Bland reassurances won’t fix lending, bankers need to be convinced they won’t be targeted

Apart from bankers not wanting to lend, the other issue—if banks loans are to rise—is about the ability of the borrowers to repay loans.

RBI wanted the core banking system of banks to be integrated with the Swift messaging network used by banks to securely send and receive information like money transfer instructions.

Lenders scared, business more so: Bankers must be protected from action against bona fide decisions that go wrong

If the state of credit markets is any indication, this slowdown is going to drag on for a long, long time. At the peak of what is typically India’s busy season, the pace of loans given is hitting new lows; the growth in non

credit, credit flow

Digital loans: It’s a UPI moment for India’s credit market

The infrastructure would enable lenders of all hues — banks, NBFCs and fintechs — to disburse loans.

Digi loans, UPI moment, credit market, NBFCs, MSME vendors, GSTN, Nirmala Sitharaman

RBI governor does a Draghi, prods bank to lend

Gives banks access to funds at a lower rate, but banks may not find it easy to lend as credit-worthy borrowers limited

RBI governor, Shaktikanta Das, Reserve Bank of India, retail inflation, MSME loans, CRR, LTRO, GDP

Budget 2020: Where will India Inc find the money?

Union Budget 2020 India: Even if it wanted to invest—which it may not, given poor demand—there is no money to fund this from

Nirmala Sitharaman, India Inc, NBFC, NPA cycle, Crisil, share of GDP, corporate loan books, FPI

Economic Survey 2020 busts govt myths, will it help?

Economic Survey 2020: Survey talks of an “Assemble in India for the world” programme that could be integrated with the Make in India plan to create jobs—40 million well-paying ones by 2025.

Budget 2020, Union Budget 2020 India

Why real estate needs a buy-in, else the economy could tank further

Little has been heard so far about the progress of the corpus created to provide last-mile funding for housing projects.

The only way to drive consumption is to push real estate. (Representative image)

Economic slowdown: Tough times call for tough measures, here’s what govt needs to do now

Loan growth is at multi-year lows, demand for power has now fallen five months in a row, car sales continue to crawl, rural wages are barely rising and consumer confidence is shaken.

economy, economic slowdown

Economic slowdown: Enough of advice, govt needs to decide if it will act now

Asking for more advice is fine, but the govt needs to decide if it will act now, or will it remain hobbled by suit-boot-ki-sarkar

Economic slowdown, Rahul Bajaj, India Inc, Kumarmangalam Birla, FDI inflows, Lakshmi Mittal, GDP, e-commerce, essar steel

FM must slash income tax rates, only way to stimulate demand

Given the need of the hour is to boost spending, cutting income tax rates would put some money in consumers’ pockets.

Finance Minister Nirmala Sitharaman, nirmala sitharaman

Sanjeev Bikhchandani: The career entrepreneur

If there was someone who had total faith in his ability to build a business and backed him to the hilt, it was his jeevansathi, Surabhi, a batchmate from IIM Ahmedabad. Those were tough times and the business took a lot out o

Sanjeev Bikhchandani, jeevansathi,ICICI Venture, iim ahmedabad, 99acres.com, Jeevansathi.com, Shiksha, tech based start-ups, Zomato, Policybazaar, Meritnation, Ustraa

The Great Letdown: Will India be able to create the number of jobs needed?

Given nearly 64% of the slowdown has been driven by industry—mainly manufacturing—India’s aspirational electorate should brace for more job losses. If top class companies like Vodafone-Idea are forced to think of shutt

jobs , jobs in india, india inc, Kumar Mangalam Birla, Vodafone, Idea, Retail sales, industry news, economy news

Explained: Why credit flows to industry must pick up to regain lost momentum amid major slowdown

With government spending likely to be constrained due to poor tax collections, other sections of the economy need to pull their weight if the nominal growth is to pick up meaningfully.

industry, credit growth in industry, govt fiscal measures, gdp, q2 gdp growth, indian economy, indian gdp growth

GDP growth: Unless credit flows to industry revive quickly, it’s hard to see any pickup

At a time when the economy is slowing, it is only to be expected that tax collections, too, will slow.

Bank FD, POMIS, SCSS, PMVVY, maximum interest rate, fixed returns, Life Insurance Corporation, LIC,

Half-measures will not fix economy

Govt did well to get the power to notify hire-fire rules, but there is no certainty about how quickly it will move & what freedom will be given. The promises of more flexibility in EPFO & ESI was not kept, and pvt coal minin

More transactions where the government exits the business altogether or, even if it holds on to a small stake, relinquishes management control, are needed. (Representational image)

IBC process gets back on track after SC nixes NCLAT ruling in Essar Steel

It’s a huge win for lenders, who despite their number one ranking, were fighting other stakeholders for their fair share.

Essar Steel, IBC process, NCLAT, Supreme Court,  Committee of Creditors, Essar Steel stakeholders

Fix NBFC crisis to get growth back

Simultaneously, there needs to be a lot more urgency in putting stressed real estate projects into the hands of stronger builders so that these can be completed; homebuyers who make a nuisance of themselves need to be dealt w

interest rate on savings account deposits, SBI, repo rate, bank savings account rbi,

Why India Inc must pass on the benefits of corporation tax rate cut to consumers

While liquidity in the banking sector may be in a big surplus, some segments of business and retail customers are not able to access affordable loans.

FE Best Bank Awards: Know who is the nominee for lifetime achievements award

Sobti’s now loaning money to microfinance borrowers for a television set or some household product. “She has borrowed twice and repaid the loans so now I can finance a TV,” he points out.

Forty-five years later, Sobti is criss-crossing the countryside trying to convert eight million Bharat Financial customers into consumers.

FE Best Banks Awards: Sanjiv Bajaj – A Bajaj you can bank on

But since he couldn’t launch one, he came up with the EMI card which today is a franchise with 16.5 million customers; in 2018-19, the EMI card contributed about 60% of the loans.

FE Best Banks Awards

Welcome tax cuts but for the wrong persons!

Few firms will invest till there is a strong demand-revival. that needed a cut in income tax rates; the fm has frittered away money on corporates & the ultra-rich

Tax relief, corporation tax rate, corporation tax cut, corporate tax, corporate tax rate, corporate tax in india, corporate tax rate india, Narendra Modi, nirmala sitharaman, financial express, financial express opinion, corporate tax rate 2019

Blame promoters, not FM Nirmala Sitharaman

Though FM is now trying, the govt was slow to reform; but Ms Shaw’s fellow-promoters even more to blame

FM, Nirmala Sitharaman,  ban on e-cigarettes, e cigarettes, NCLT, RBI, Raghuram Rajan, HDFC Bank, Aditya Puri

PSU banks recapitalisation may not spur credit-growth

Most private sector banks have enough growth capital, though some state-owned banks may be a little short of it.

PSB, credit-growth, liquidity surplus, private sector banks, state-owned banks, state-owned banks

Bank merger good, now to fix them

Shedding flab critical, as is adopting technology; so this needs a change in work culture, PSBs not known for that

Economic slowdown: Need real reform, not govt-spends

Rapid govt-spend has brought NHAI to its knees while bad policy has wreaked havoc on genuine investors like Vodafone

reforms, demonetisation, gst, economy, nirmala stharaman, finmin, ficci, edelweiss, rashesh shah, $5 trillion economy

Tata Sons will not be bogged down by slowdown: N Chandrasekaran

It’s hard to put a number at this point, we will invest whatever is necessary. As a keen follower of technology, how are you reading the evolution of fintech?

Income Tax Calculator, Budget 2019, How to Calculate Income Tax


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