Whichever index the central bank took as benchmark – whether Wholesale or Consumer Price Index, its forecast was off the mark in the past five years.
Non-banking finance companies benefit from the falling rate environment. If you look into the housing sector, everyone wants to upgrade.
After three years, IDFC Bank's low-cost deposits is at 4.06 per cent, branches is at 74.
In the past 12 months, banks have deducted more than Rs 3,000 crore from Essar Steel.
There is no real threat. You need to understand that the Insolvency and Bankruptcy Code (IBC) is new, which has to be tested.
"It was puzzling move, an attempt to flush out corruption with a very blunt instrument. There is a lot of collateral damage," the Nobel laureate said.
Decades of regulatory and political interventions made corporate houses complacent.
"Over the last 10 years, they are forcing MSMEs to turn digital. As GST becomes pervasive, you can create both e-data & financing for MSMEs", said Ahuja.
"The regulator has to tackle a situation where the bank and its management are not doing their job," former RBI Governor Reddy told ET.
Wherever destiny led me, I did my dharma to the best of my abilities: Dr Y V Reddy, former Governor, RBI
The bureaucrat-turned central banker, Dr Y V Reddy, in his memoirs Advice & Dissent tells many tales of politicians, financial markets and important people.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon