Jun 15, 2016 - How to fix India's broken banks? Take a leaf from China

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              from India Finance






Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
Just when you thought Silicon Valley was rehashing old ideas (churning out the next sharing economy concept or chat app), one hears of stories like this one, where Eric Ries (of The Lean Startup fame) is trying to create a "long-term" stock exchange that rewards companies for longer term performance rather than the quarter to quarter frenzy we often see currently in stock markets. Certainly a worthy initiative. Backers include Marc Andreessen and Tim O-Reilly.

Options before RBI as inflation firms up, economy teeters

The case for a rate cut is fairly strong with industrial output in September contracting 4.3%.Economists see a rate cut in the offing but there are strong factors that could influence the RBI’s decision making to pause monetary easing

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Today's TradeBriefs Cartoon

Crowdfunding: How this alternative financing route is helping SMEs ignored by banks to raise capital

Credit and Finance for MSMEs: Crowdfunding platforms partner with the SME support system to help optimize processes and amplify the efficiency of SMEs.

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India to consider shifting dividend tax to investors from firms

The budget statement due Feb may include a proposal to tax dividends once they are paid to shareholders.

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Banks may be given incentive to extend loans in backward areas: RBI Dy Guv MK Jain

Speaking at an event organised by the National Bank for Agriculture and Rural Development (NABARD), Jain said despite impressive growth in formal agriculture granted, there are still several challenges which need to be tackled.

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HDFC Bank plans to reach 200 branches across Northeast India

Assam is the gateway to the NorthEast and our endeavour is to make a difference in their lives through our banking services as well as in the society through our social initiatives. We have already impacted more than 15.5 lakh people in the state so far and we are humbled by the trust and support they repose in us. We remain committed to keep serving our customers.

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Make banking regulation law applicable to cooperative banks, says PIL in HC

The plea referred to the scam-hit Punjab and Maharashtra Cooperative (PMC) Bank Ltd and sought directions to the central government and the Reserve Bank of India (RBI) to amend the BRA to make it applicable on such financial institutions.

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Yes Bank faces fresh audit into complaints by whistleblower

The audit committee of Yes Bank’s board had ordered the special audit into complaints received in 2018.The bank’s notes to accounts for the quarter ended September 2019 describes the nature of the complaint

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Are millennials spawning next wave of NPA piles for banks?

The number of millennials, opting for a new loan grew 58% as against a 14% growth in non-millennial segment.

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Inside story: The fall of Overstock's mad king, Patrick Byrne

The founder and longtime CEO of former e-tailing giant Overstock.com, recently resigned, saying his involvement as a federal informant in the investigation of accused Russian spy Maria Butina made performing his duties impossible. That's not the whole story. This is

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Tencent buys Tiger Global stake to bet on PolicyBazaar

Chinese conglomerate Tencent Holdings Ltd has picked up a stake in Indian insurance aggregator PolicyBazaar, as it continues to

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Pune-based VC Fund Windrose Carves Out $30 Mn From its Fund For Early-Stage Start-ups

Windrose Capital has invested in several companies till now and made exits from four

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How Thapar vs KKR blew up in CG Power

Relations between Gautam Thapar and the PE firm soured in 2016. How did that influence CG Power’s meltdown?

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O3 Capital to enter Indian lending space with $300m credit fund: Report

O3 expects to close fundraising for the credit fund before March 2020, and will make disbursements of about Rs 100-200 crore each.

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KKR India chief Sanjay Nayar quits Coffee Day Enterprises board

KKR India chief executive Sanjay Nayar has resigned from the board of Coffee Day Enterprises Ltd, the operator of the Café

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Why ditching the RCEP is a massive setback for the Indian economy

Our bureaucrats have been unable to swing deals India’s way.

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Rising onion prices fueling India inflation, not rates

An overwhelming majority of data have pointed to continued weakness in the economy that expanded 5% in the quarter ended June -- the slowest pace in six years. The slump gives members of the MPC reason to stick with their accommodative policy stance, although room for a deep cut may be limited given the rebound in headline inflation.

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Moody's downgrade of India's outlook is 'erroneous,' Mark Mobius says

Mark Mobius, who has long been bullish on India, said he doesn't agree with Moody's assessment that the country's growth will be subdued.

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Three months after govt’s guarantee scheme, NBFCs still awaiting funds

Lack of clarity on whether to treat the transactions between the banks and NBFCs as ‘securitisation deals or as ‘pass-through certificates (PTC) is also impeding any movement, given that these have accounting implications. While ‘securitisation allows the entire profit to be booked upfront, in a PTC the profits must be booked over the tenor of the loan.

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